1938 Bonsallo Avenue, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath
ACTIVE$1,290,000
1938 Bonsallo Avenue, Los Angeles, California 90007
0Bed
0Bath
5,964Sqft
6,237Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location for Rental Income: Proximity to USC and Mount St. Mary's University ensures strong student rental demand, complemented by vibrant surrounding amenities and cultural hubs like Exposition Park, Crypto Arena, and Downtown LA.
Top Cons:
Advanced Age of Building (1911): A 1911 construction year suggests potential for significant capital expenditures on deferred maintenance, outdated systems (plumbing, electrical, HVAC), and structural repairs.
Compared to the nearby listings
Price:$1.29M vs avg $1.17M (+$120,000)50%
Size:5,964 sqft vs avg 5,482 sqft50%
Price/sqft:$216 vs avg $21350%
More Insights
Built in 1911 (114 years old).
Condition: Built in 1911, this property shows significant age and wear. The images reveal heavily worn wooden flooring, aged exterior stucco, and visible, older-style electrical conduits. While some areas like the front door and interior railing appear to have fresh paint, these are superficial updates. The property analysis explicitly notes the 'Advanced Age of Building (1911)' and suggests 'potential for significant capital expenditures on deferred maintenance, outdated systems (plumbing, electrical, HVAC), and structural repairs.' This indicates that major components require substantial repairs and rehabilitation, aligning with a 'Poor' condition rather than just minor updates.
Year Built
1911
Close
-
List price
$1.29M
Original List price
$1.5M
Price/Sqft
$216
HOA
-
Days on market
-
Sold On
-
MLS number
PW25153349
Home ConditionPoor
Features
View-
About this home
Welcome to an opportunity to own an 8-unit apartment building in vibrant University Park. Nestled on a tree-lined street, this low-rise gem provides classic architectural charm. Located close to USC and within blocks of Mount St. Mary’s University—perfect for tapping into strong student demand. Easy biking and walking to local favorites and campus transit hubs. Surrounded by diverse retail options, restaurants, cultural venues and parks. Close to Exposition Park, Crypto Arena, and Downtown LA—all adding vibrancy and rental appeal.
Nearby schools
4/10
Norwood Street Elementary School
Public,•K-5•0.2mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.1mi
2/10
John W. Mack Elementary School
Public,•K-5•1.2mi
3/10
Lenicia B. Weemes Elementary School
Public,•K-5•1.5mi
5/10
Menlo Avenue Elementary School
Public,•K-5•2.0mi
4/10
John Adams Middle School
Public,•6-8•0.9mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.0mi
4/10
West Adams Preparatory High School
Public,•9-12•0.9mi
3/10
Manual Arts Senior High School
Public,•9-12•2.0mi
5/10
Foshay Learning Center
Public,•K-12•2.1mi
Condition Rating
Poor
Built in 1911, this property shows significant age and wear. The images reveal heavily worn wooden flooring, aged exterior stucco, and visible, older-style electrical conduits. While some areas like the front door and interior railing appear to have fresh paint, these are superficial updates. The property analysis explicitly notes the 'Advanced Age of Building (1911)' and suggests 'potential for significant capital expenditures on deferred maintenance, outdated systems (plumbing, electrical, HVAC), and structural repairs.' This indicates that major components require substantial repairs and rehabilitation, aligning with a 'Poor' condition rather than just minor updates.
Pros & Cons
Pros
Exceptional Location for Rental Income: Proximity to USC and Mount St. Mary's University ensures strong student rental demand, complemented by vibrant surrounding amenities and cultural hubs like Exposition Park, Crypto Arena, and Downtown LA.
Multi-Unit Investment Opportunity: An 8-unit apartment building offers significant income potential and portfolio diversification, appealing to investors seeking consistent cash flow.
Classic Architectural Appeal: The property boasts classic architectural charm on a tree-lined street, which can attract tenants looking for character and a pleasant living environment.
High Walkability and Transit Access: Easy access to local amenities, campus transit hubs, and bike-friendly routes enhances tenant convenience and broadens the rental pool.
Established Urban Neighborhood: Located in vibrant University Park, a well-established area with diverse retail, dining, and entertainment options, contributing to sustained tenant interest.
Cons
Advanced Age of Building (1911): A 1911 construction year suggests potential for significant capital expenditures on deferred maintenance, outdated systems (plumbing, electrical, HVAC), and structural repairs.
Recent Price Reductions: The property has undergone multiple price reductions from $1.5M to $1.29M, which could signal initial overpricing, challenges in attracting buyers, or undisclosed property issues.
Limited Lot Size for Multi-Unit: With a lot size of 6237 sqft for an 8-unit building, there may be constraints on parking, common outdoor space, or future expansion potential, which could impact tenant satisfaction or property value.