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

Property Overview

‍

5903–5905 Bonsallo Ave is a four-unit multifamily investment 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 stable in-place income with moderate near-term upside through rent growth. The property is fully leased and master leased, providing consistent day-one income and simplified management. Current average rents are approximately $2,550 per unit, while projected market rents average approximately $2,800 per unit, representing roughly 10% rental upside as rents gradually adjust toward market levels. Offered at $1,275,000 ($318,750 per unit / $394.49 per SF), the property currently operates at an estimated 6.93% cap rate and 10.42 GRM, with stabilization projected to achieve approximately a 7.82% cap rate and 9.49 GRM. Renovated interiors, ADU income diversification, and operational upgrades such as paid solar and tankless water heaters support long-term tenant demand and expense efficiency.

‍

‍

Key Property Details

‍

• Address: 5903–5905 Bonsallo Ave, Los Angeles, CA 90044
• ‍Total Units: 4 units total (including 2 ADUs)
  • 2 × 3BR / 2BA
  • 2 × 2BR / 1BA (ADUs)
  ‍
• 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

‍

‍

Investment Highlights

‍

• Stabilized In-Place Income
  The property is fully leased and master leased, providing immediate stabilized cash flow and simplified day-to-day operations from acquisition.
• Moderate Rental Upside
  Current average rents of approximately $2,550 per unit remain below projected market rents near $2,800 per unit, offering roughly 10% rental upside as leases adjust toward market levels.
• Attractive Day-One Yield
  At the current rent roll, the asset operates at an estimated 6.93% cap rate and 10.42 GRM, providing strong income relative to comparable small-balance multifamily investments in Los Angeles.
• Projected NOI Growth
  As rents gradually move toward market levels, the property is projected to achieve approximately a 7.82% cap rate and 9.49 GRM, supporting continued NOI growth.
• ADU Income Diversification
  The inclusion of two ADU units enhances income stability while improving long-term valuation metrics and tenant flexibility.
• Operational Efficiency
  Paid solar, tankless water heaters, and in-unit laundry hookups help reduce operating costs while improving tenant appeal.

‍

‍

Neighborhood and Accessibility

‍

5903–5905 Bonsallo Ave is located in the Vermont–Slauson area of South Los Angeles, a submarket known for consistent rental demand driven by relative affordability and proximity to major employment hubs. The property benefits from convenient access to Downtown Los Angeles, USC, and major transportation corridors including the I-110 and I-10 freeways. The surrounding area offers nearby retail, dining, and transit options, while ongoing housing demand across South Los Angeles continues to support stable occupancy and long-term rental growth for renovated workforce housing assets.

‍

‍

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

‍

Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl