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ZIP CODE 90007

12 Beds 6 Baths ACTIVE Status
2101 Bonsallo Ave is a 6 unit brick building built in 1909. All units are spacious and filled with Craftsman elements. Each unit has two bedrooms and one bathroom, plus individual laundry rooms, averaging 1,453 square feet per unit. The property is 8,718 square feet on a 8,847square foot lot. A prime value-add or student housing opportunity with rents approximately 51% under market. The property has a basement that could be turned into storage lockers for each unit generating additional revenue along with 1 tandem parking space that could be assigned to a unit for an additional monthly charge. Every unit has hardwood floors, beamed ceilings (with beam lights), plate rails, built-in chinacabinets (with leaded art glass), picture rails, and built-in book cases. The upstairs units have balconies. From the Bonsallo side there is a spectacular view of the downtown skyline. 4 of the units are equipped with in-unit washer and dryers. The property is located in the desirable North University Park, providing easy access to a wide range of entertainment options and amenities. Having a walk score of 80, USC campus is just over a mile away and many stores for errands are just short breaths away. Downtown Los Angeles and Mid City are just short car rides as well, having easy access from close by freeway entrances. In addition, the property is located in the USC patrol zone.

2101 Bonsallo Ave, Los Angeles

Courtesy of , John Swartz - CA DRE#

10 Beds 10 Baths ACTIVE Status
We are pleased to offer the opportunity to acquire this turnkey three (3) unit, fully permitted ten (10) bedroom + ten (10) bathroom Student Housing Master Lease investment opportunity, located in the DPS Patrol Zone, and close proximity to the University of Southern California (USC). The property is approximately 3,167 rentable square feet on a 5,878 square foot lot and is comprised of two (2) separate structures, with a unit mix consisting of two (2) 3-bedroom + 3-bathroom units in the front, and a 4-bedroom + 4-bathroom brand-new ADU in the back. The subject property's front structure was completely updated and remodeled in 2021, and features brand new flooring, brand new plumbing/electrical, updated roof, quartz countertops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. The back unit is a brand-new ADU recently constructed and completed in 2021 and features the same high-end finishes as the front unit, essentially delivering a brand new low maintenance structure to any prospective buyer. The investment is 100% occupied with USC students and fully leased for the 2022-2023 academic school year. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk master lease investment that is poised for continued growth and excellent operating fundamentals. The property is currently master leased to a reputable Property Management company until July 31, 2026, and starting in August 1, 2023 the property will make $134,400 per year ($11,200 per month) with annual 3% rent increases (property is currently netting $10,000 per month until August 1st, 2023 with the same Property Management Company). With the Master lease in place, there are minimal landlord responsibilities. The owner only pays for taxes, insurance, and major capital expenditures with everything else being taken care of by the Management company.

1213 W 24th St, Los Angeles

Courtesy of , Adam Shamooelian - CA DRE#

4 Beds 3 Baths ACTIVE Status
Attractive early (c. 1885) Victorian, restored and renovated, with contemporary touches and updated systems, great floor plan and Mills Act historical property contract. Convenient to downtown and USC, this two-story, Italianate-style home is located in the sought-after University Park neighborhood, which is filled with many other restored homes. Contributor to the University Park HPOZ historic district. Upgrades include 200 amp electrical panel + rewiring; new plumbing; central heat and air; remodeled kitchen and bathrooms. Three bedrooms upstairs plus 4th room (currently home office, can be bedroom -- no built-in closet); downstairs bedroom/convertible den/study. Good sized yard awaits your vision and green thumb. The Mills Act program offers some property tax benefits, along with review of any new interior or exterior work. Great location near DTLA: The property is one block from Mount Saint Mary's University Doheny campus, and within the USC Incentive Program boundaries for eligible faculty and staff. Also within the USC DPS Security Patrol Zone. Walkable to USC, Trade Tech, Flower Street Metro Station, and Downtown DASH; easy access to entrances to 10 and 110 Freeways, less than a mile from LA Live-Crypto Arena-Convention Center complex. Nearby amenities abound, from Downtown cultural institutions to the latest restaurants, along with Exposition Park; and freeway close to everywhere else!

1976 S Bonsallo Ave, Los Angeles

Courtesy of , David Raposa - CA DRE#

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