5903-5907 1/2 Bonsallo Ave, Los Angeles, CA 90044

Property Overview

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5903–5905 Bonsallo Ave is a fully vacant four-unit multifamily property (inclusive of two ADUs) located in a high-demand South Los Angeles rental submarket. Built in 1923 and comprehensively renovated in 2025, the 3,232-square-foot building sits on a 5,625-square-foot lot and offers investors immediate lease-up, strong stabilized cash flow, and long-term income growth.

The property consists of four total units: two primary 3BR/2BA units and two ADU 2BR/1BA units, all delivered 100% vacant, allowing a new owner to implement market rents without tenant relocation or buyouts. Two units are powered by fully paid solar, and two units feature tankless water heaters with in-unit laundry hookups, enhancing operational efficiency and tenant appeal.

Offered at $1,300,000 ($325,000 per unit / $402 per SF), the asset is projected to operate at a 9.31% cap rate upon stabilization, supported by conservative underwriting and efficient operating expenses of approximately 19% of effective gross income. The ADU configuration provides income diversification and flexibility, positioning the property as a compelling cash-flowing investment with refinance and exit potential in a supply-constrained South LA market.

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Key Property Details

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• Address: 5903–5905 Bonsallo Ave, Los Angeles, CA 90044
• ‍Total Units: 4 units total (including 2 ADUs)
  • 2 × 3BR / 2BA
  • 2 × 2BR / 1BA (ADUs)
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• Lot Size: 5,625 SF
• ‍Building Area: 3,232 SF
• ‍Zoning: LAR2
• ‍Year Built / Renovated: 1923 / 2025
• ‍Rent Control: Yes (RSO)
• ‍Parking: 3 on-site spaces (long driveway)
• Sustainability & Upgrades:
  • Two units powered by fully paid solar
  • Two units with tankless water heaters and in-unit laundry hookups

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Investment Highlights

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• Fully Vacant Four-Unit Asset: All four units (including ADUs) delivered vacant, enabling immediate lease-up at market rents with no tenant displacement risk.
• Strong Stabilized Yield: Projected 9.31% cap rate, offering attractive cash flow for a small-balance Los Angeles multifamily investment.
• Operational Efficiency: Solar power, tankless systems, and in-unit laundry hookups reduce utility exposure and support long-term NOI growth.
• ADU-Driven Income Diversification: ADUs provide flexible income streams and enhance valuation metrics.
• Attractive Refinance & Exit Potential: Stabilized four-unit properties with ADUs are highly desirable among local investors and 1031 buyers.
• Durable Rental Demand: Located in the Vermont–Slauson submarket, benefiting from affordability-driven demand and consistent rent growth.

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Neighborhood and Accessibility

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The property is north of the I-10 and west of the I-110, offering convenient access to major employment hubs, transit corridors, and retail amenities throughout South Los Angeles. As affordability constraints continue to impact broader Los Angeles, the Vermont–Slauson area remains attractive to renters seeking larger unit sizes and value-oriented housing, supporting stable occupancy and long-term rental demand.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl