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27922900
27922901

2101 Bonsallo Ave, Los Angeles, CA 90007

CM
02079387
KW Commercial Pasadena
Listed by KW Commercial Pasadena
$2,695,000
219 days on market
Updated 113 days ago

2101 Bonsallo Avenue

Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 8,718
Units 6
Beds 24
Cap Rate 8.48%
NOI $228,570
Occupancy 100%
Pro-Forma Cap Rate 12.06%
Pro-Forma NOI $325,038
Price per SqFt $309
Year Renovated 2024
Buildings 1
Stories 2
Acreage 8848.000
Parking Spaces 2 spaces
Parking Per SqFt 0.23
Investment Type Stabilized

Multifamily | 6 Units | $449,167/unit

Marketing description

The subject property is centrally located, offering quick access to premium entertainment such as The LA Memorial Coliseum and The Natural History Museum. The property is located within the USC patrol zone which provides access to a strong student rental market. The building has a mix of 4 four-bedroom, and 2 two-bedroom units. Four of the six units have been completely remodeled with brand new electrical, plumbing, and mechanical. These units are also completely sub-metered for gas, electrical, and water (RUBS - billed to tenants) resulting in an extremely low utility expense which is rare in the Los Angeles market. Due to the renovations, the expense profile of the property is extremely low, and will allow for strong cash flow immediately. The four renovated units are fully leased by students for the 2025-2026 academic school year through the summer of 2025.

Investment highlights

  • Newly Renovated Units Achieving High Rents

  • Strong Cash Flow from Day 1

  • Below Average Expense Profile

  • Gentrifying Area Allowing for Above Average Appreciation

  • Strong Student Housing Component

Listing Contacts

CM
02079387
KW Commercial Pasadena
Listed by KW Commercial Pasadena

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$228,570.00
$19,047.50/mo

Valuation Metrics

0
DSCR
8.48%
Cap Rate
8.48%
ROI

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