1927 Bonsallo Ave, Los Angeles, CA 90007

Property Description

The Subject property consists of two buildings on two separate lots sharing one driveway and backyard. The improvements on 1935 Bonsallo Avenue are a two-bedroom/one bath Single Family Residence built in 1896 with Victorian Era architecture, with a 4 car garage at the rear of the lot. The 8 unit apartmetn building at 1927 Bonsallo Ave is a 2 story wood frame & stucco structure consisting of 2 Singles and 6 one-bedroom apartments, and was built in 1912 and is SUBJECT TO RENT CONTROL. The owner installed a new roof on the 8 unit apartment building in 2013. Since the SFR at 1935 Bonsallo is on a separate parcel it is NOT RENT CONTROLLED. There is a secured remote controlled gate, between the properties and there are uncovered parking spaces in the backyard for approximately 7 to 8 cars. One of the 4 garages is rented and the other 3 garages are occupied by the seller's personal property and will be vacated at close of escrow for additional income. The roof on the garages was installed in 2015. There is significant rental upside in all units. 
 
 The property is conveniently located in close proximity to USC, Downtown with easy access to the 110 & 10 Freeways.