1978 Bonsallo Ave Los Angeles, CA 90007

$870,000 Sold Price as of 01/22/2018

7 Beds
4 Baths
3,456 Sq.Ft.

Off Market

$870,000 Sold Price as of 01/22/2018 Refinance Your Mortgage

Map preview of 1978 Bonsallo Ave, Los Angeles, CA 90007

Property Overview: 1978 Bonsallo Ave Los Angeles, CA has 7 bedrooms, 4 bathrooms, 3,456 living square feet and 6,243 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1978 Bonsallo Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1978 Bonsallo Ave

Last sold for $870,000 on January 22nd, 2018

May, 2023
May 1, 2023

Date

Expired

CRMLS: 23238457

$1,799,800

Price
Feb 21, 2023

Date

Active

CRMLS: 23238457

$1,799,800

Price
Listing provided courtesy of CRMLS

CLOSE TO 5% CURRENT CAP RATE, ALL RENOVATED 6 UNIT APARTMENT IN USC DPS PATROL ZONE WITH GREAT UPSIDE POTENTIAL. 1978 Bonsallo is a charming 6-unit apartment perfect for Student Housing, Cape Cod Style architecture originally constructed in 1923 which is comprised of two structures, consisting of a unit mix of one (1) large detached 3 bed 2 bath house, three (3) great sized 2 bed 1 bath and two (2) large Studios. Every unit features efficient floor plans, a brand new kitchen, a designer-done bathroom, new hardwood-style flooring, and a fresh coat of paint. Boasting almost 3,456 SF of living space, sitting on high demand and desired location for residents with a tranquil tree-lined street, within a couple of blocks to Mt St Mary University and less than a mile distance to the University of Southern California, this is an incomparable acquisition chance for a stabilized asset with even higher upside potential. Also Just a few steps to Crypto Arena, The Memorial Coiseum, LA Live in DTLA, a short bike to the USC Village, walking distance to the Expo line, and centrally located with easy access to the 10 and 110 freeways. Separately Metered, in a Historic preservation neighborhood. (HPOZ).

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January, 2023
Jan 1, 2023

Date

Expired

CRMLS: 22202323

$1,799,700

Price
Sep 22, 2022

Date

Active

CRMLS: 22202323

$1,799,800

Price
Listing provided courtesy of CRMLS

7.6% PRO FORMA, 5% ACTUAL CAP RATE, ALL RENOVATED 6 UNIT APARTMENT IN USC DPS PATROL ZONE WITH GREAT UPSIDE POTENTIAL. 1978 Bonsallo is a charming 6-unit apartment perfect for Student Housing, Cape Cod Style architecture originally constructed in 1923 which is comprised of two structures, consisting of a unit mix of one (1) large detached 3 bed 2 bath house, two (2) great sized 2 bed 1 bath, one (1) cozy 1 bed 1 bath and two (2) large Studios. Every unit features efficient floor plans, a brand new kitchen, a designer-done bathroom, new hardwood-style flooring, and a fresh coat of paint. Boasting almost 3,456 SF of living space, sitting on high demand and desired location for residents with a tranquil tree-lined street, within a couple of blocks to Mt St Mary University and less than a mile distance to the University of Southern California, this is an incomparable acquisition chance for a stabilized asset with even higher upside potential. Also Just a few steps to Crypto Arena, The Memorial Coiseum, LA Live in DTLA, a short bike to the USC Village, walking distance to the Expo line, and centrally located with easy access to the 10 and 110 freeways. Separately Metered, in a Historic preservation neighborhood. (HPOZ).

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September, 2022
Sep 22, 2022

Date

Canceled

CRMLS: 22175635

$1,900,000

Price
Jul 6, 2022

Date

Active

CRMLS: 22175635

$1,900,000

Price
Listing provided courtesy of CRMLS

CLOSE TO 5% CURRENT CAP RATE, ALL RENOVATED 6 UNIT APARTMENT IN USC DPS PATROL ZONE WITH GREAT UPSIDE POTENTIAL. 1978 Bonsallo is a charming 6-unit apartment perfect for Student Housing, Cape Cod Style architecture originally constructed in 1923 which is comprised of two structures, consisting of a unit mix of one (1) large detached 3 bed 2 bath house, three (3) great sized 2 bed 1 bath and two (2) large Studios. Every unit features efficient floor plans, a brand new kitchen, a designer-done bathroom, new hardwood-style flooring, and a fresh coat of paint. Boasting almost 3,456 SF of living space, sitting on high demand and desired location for residents with a tranquil tree-lined street, within a couple of blocks to Mt St Mary University and less than a mile distance to the University of Southern California, this is an incomparable acquisition chance for a stabilized asset with even higher upside potential. Also Just a few steps to Crypto Arena, The Memorial Coiseum, LA Live in DTLA, a short bike to the USC Village, walking distance to the Expo line, and centrally located with easy access to the 10 and 110 freeways. Separately Metered, in a Historic preservation neighborhood. (HPOZ).

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June, 2020
Jun 3, 2020

Date

Expired

CRMLS: PW19275657

$1,872,000

Price
Feb 10, 2020

Date

Withdrawn

CRMLS: PW19275657

$1,872,000

Price
Feb 8, 2020

Date

Active

CRMLS: PW19275657

$1,872,000

Price
Feb 7, 2020

Date

Hold

CRMLS: PW19275657

$1,872,000

Price
Jan 13, 2020

Date

Active

CRMLS: PW19275657

$1,872,000

Price
Jan 13, 2020

Date

Price Change

CRMLS: PW19275657

$1,872,000

Price
Jan 4, 2020

Date

Hold

CRMLS: PW19275657

$2,100,000

Price
Dec 4, 2019

Date

Active

CRMLS: PW19275657

$2,100,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the six-unit apartment property located at 1978 Bonsallo Avenue in the highly sought-after 90007 zip code of Los Angeles, CA. The property benefits from an excellent location for student housing - less than 1 Mile from USC (and within the USC DPS Patrol Zone) and 0.1 miles from Mt. St Mary's College. It is also in a superb commuter location - less than 1 mile from Downtown LA and LA Live, walking distance to the Metro Expo light-rail line and providing easy access to both the 10 and 110 Freeways. 83 Walk Score and 89 Transit Score. The property would immediately operate at above a 5 CAP Rate of return upon lease up at market rents of the remaining units. There is ample demand for the units and owner is intentionally leaving them vacant to allow a new buyer flexibility and control of the leasing. The unit mix consists of a 3 Bed/2 Bath House as well as two 2 Bed/1 Bath units and three 1 Bed/1 Bath units. All 6 units are fully renovated with permits, offering a new investor an opportunity to acquire a turnkey investment with additional rental upside. Three of the units will be delivered vacant, allowing an investor to immediately rent at market rents. There is ample parking onsite and the units are separately metered for gas and electric.

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January, 2018
Jan 24, 2018

Date

Sold

CRMLS: 17236164

$820,000

Price
Jan 6, 2018

Date

Pending

CRMLS: 17236164

$979,990

Price
Dec 2, 2017

Date

Active

CRMLS: 17236164

$979,990

Price
Dec 2, 2017

Date

Expired

CRMLS: 17236164

$979,990

Price
Sep 17, 2017

Date

Price Change

CRMLS: 17236164

$979,990

Price
Jul 11, 2017

Date

Price Change

CRMLS: 17236164

$1,069,990

Price
May 31, 2017

Date

Active

CRMLS: 17236164

$1,099,990

Price
Listing provided courtesy of CRMLS

Great investment opportunity in the for North University Park Area for developers, investors and builders! Prime USC student housing location. This American Foursquare style income property is prime for USC students housing location; its approximately less than a mile away from campus. The Front building features 2,746 sqft of living space and it consist of 5 units. Detached single family home has 710 sqft of living space. The rear unit is perfect for a complete remodel or add square footage in order to make the home a 3 bedroom, 2-bathroom house (Buyer to check w/city for building restrictions). The property is minutes from USC and falls within the boundaries of the USC Dpt Campus Patrol response area (UPC Patrol Area). Located near DTLA, Staples Ctr and the $700 million dollar USC Village Development Project which will have 100,00 sqft of retail space (Target, Trader Joe's, Starbucks, Bank of America along with other shops/restaurants). Walking distance to the Metro Line Station.

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January, 2018
Jan 22, 2018

Date

Sold (Public Records)

Public Records

$870,000

Price
December, 2016
Dec 19, 2016

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1978 Bonsallo Ave

Assessed Value (2020): $905,148

Year	Land Value	Improved Value	Assessed Value
2020	$676,260	$228,888	$905,148

About 1978 Bonsallo Ave

Detailed summary of property

1978 Bonsallo Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90007 and last sold on January 22, 2018 for $870,000. This property has 7 bedrooms, 4 bathrooms, roughly 3,456 living square feet, and sits on an approximately 6,243 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 22.32% lower than the current median priced home. 1978 Bonsallo Ave was last sold on January 22, 2018 for $870,000. Local nearby listings include 1045 S Union Ave, 900 W Olympic Blvd #38f and 900 W Olympic Blvd #39B. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 1978 Bonsallo Ave Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1978 Bonsallo Ave

Public county record property details

Beds: 7
Baths: 4
Year built: 1923
Sq. Ft.: 3,456
Lot Size: 6,243
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 33
APN: 5124-033-013

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,495,000

Median List Price/Sq.Ft.

$610

Median Sold Price

$1,025,000

Median Sold Price/Sq.Ft.

$777

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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