3653 Halldale Ave, Los Angeles, CA 90018
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3653 Halldale Ave Los Angeles, CA 90018

$4,998,888
  • 35 Beds
  • 35 Baths
  • 9,700 Sq.Ft.
For Sale
$4,998,888 Get Pre-Qualified

Map preview of 3653 Halldale Ave, Los Angeles, CA 90018

Property Overview: 3653 Halldale Ave Los Angeles, CA has 35 bedrooms, 35 bathrooms, 9,700 living square feet and 6,192 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Divine Investment Group Inc Presents: A Prime Cash Flow Opportunity in Student Housing Discover an exceptional investment opportunity with Divine Investment Group Inc's latest development, strategically positioned to maximize returns. Located within walking distance of the prestigious University of California (USC), this property promises unparalleled convenience and income potential. Property Overview: 28 Bedrooms, 28 Bathrooms: Boasting 2 units plus an Accessory Dwelling Unit (ADU), this property offers a total of 28 bedrooms and 28 bathrooms, catering to the needs of students seeking modern, comfortable living spaces. Centrally Located: Situated in a prime location, this development provides easy access to USC and surrounding amenities, ensuring a desirable living experience for students. Rentable Sqft: Spanning approximately 9,700 sqft of rentable space, this property offers ample room for residents to study, socialize, and unwind. Unit Features: Front 3-Story Unit: Comprising 15 spacious bedrooms and 15 bathrooms, this unit features two large common areas and a well-appointed kitchen. Each floor is equipped with its own washer and dryer rooms, enhancing convenience for residents. Back 3-Story Unit: Offering 10 generously sized bedrooms and 10 bathrooms, this unit includes a large common area and a separate kitchen on a different floor. Washer and dryer rooms on each floor ensure seamless access to laundry facilities. Accessible ADU: Designed with inclusivity in mind, the ADU features wheelchair-accessible accommodations with 3 spacious bedrooms and 3 bathrooms, catering to diverse student needs. Cash Flow Opportunity: With its prime location and well-designed units, this development presents a lucrative cash flow opportunity for investors seeking stable returns in the student housing market. High Demand: Positioned near a renowned educational institution, this property is primed to attract a steady stream of tenants, ensuring high occupancy rates and consistent rental income. Upside Potential: With the option to capitalize on the thriving student housing market, investors have the opportunity to maximize their returns through rental appreciation and strategic property management. Don't miss out on this exceptional investment opportunity. Contact Divine Investment Group Inc to learn more about this student housing development and secure your stake in a lucrative cash flow venture. BROKERS OPEN MAY 1st 3pm-6pm

Listed by Ernesto Ramos | BRE #01160122 | Excellence RE Real Estate
Co-listed by Christian Ramos | BRE #01989740 | Century 21 Realty Masters
Last checked: 9 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 10
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Home details

Lot Sq. Ft
6,192
HOA Dues
$0/mo
Year built
2024
Garage
--
Property Type:
Duplex
Status
Active
MLS#
DW24076985
City
Los Angeles
County
Los Angeles
Time on Site
17 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 10
  • # of Baths: 10
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $15,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 15
  • # of Baths: 15
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $18,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.9%
  • Gross Rent Multiplier: 12.4
  • Gross Scheduled Income: $403,200
  • Net Operating Income: $280,566
  • Gross Operating Income: $3,838,040
Annual Expense Breakdown
  • Total Operating Expense: $102,474
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

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Property Details for 3653 Halldale Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Inside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Balcony
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Has Fence
  • Excellent Condition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 2-5 Units/Acre, Corner Lot, Front Yard, Landscaped, Sprinkler System, Sprinklers In Front, Sprinklers On Side, Sprinklers Timer
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5041020022
  • Year Built Source: Builder
  • Entry Level: 1
  • Property is not Attached
  • Accessibility Features: See Remarks
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: 3653 Halldale Ave is between S Western Ave and Normandie Ave, North of Exposition Blvd
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

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Sale History for 3653 Halldale Ave

Last sold for $1,255,000 on February 8th, 2023
  • April, 2024

  • Apr 24, 2024

    Date

    Active

    CRMLS: DW24076985

    $4,998,888

    Price

  • February, 2023

  • Feb 8, 2023

    Date

    Sold

    CRMLS: MB23014686

    $1,255,000

    Price

  • Jan 26, 2023

    Date

    Active

    CRMLS: MB23014686

    $1,255,000

    Price

  • Listing provided courtesy of CRMLS

    INVESTORS, BUILDERS, DEVELOPERS LAND VALUE: This is the project you need: RTI, NO SB-8, Tier 3 and located in the sought after zip 90018-USC HUB. This 28-bedroom 28 bathroom checks many boxes from the builder/investor standpoint and as an owner/operational use. Located 1 mile from the prestigious USC University and the most innovative building currently under construction the one of one Lucas Museum. Property sits on a corner lot size at 6192 - Everywhere you look there are new ventures & growth. Close proximity to the Exposition& Crenshaw Line to LAX, Johnny's West Adams, Harold & Belle's, Highly Likely, Party Beer Co, and the other ultra-hot neighborhood hubs: Leimert Park & West Adams. Take advantage of this rare opportunity and start generating income upon project completion. Call Listing Agent for additional information. Bonus: currently property has 2 water meters.

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Tax History for 3653 Halldale Ave

Assessed Value (2020): $68,290
Year Land Value Improved Value Assessed Value
2020 $31,037 $37,253 $68,290

Home Value Compared to the Market

This property vs the competition

3653 Halldale Ave is listed 300.23% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $515.35 per/sqft which puts the price per square foot 33.42% lower than the median price per square foot for the city of Los Angeles.

About 3653 Halldale Ave

Detailed summary of property

3653 Halldale Ave is a duplex located in Los Angeles, CA 90018 and is currently for sale. This duplex offers 35 bedrooms, 35 bathrooms, roughly 9,700 living square feet, and sits on an approximately 6,192 square foot lot. 3653 Halldale Ave was first listed on ArdentRealEstateGroup.com on April 25, 2024. The homeowner is currently asking $4,998,888. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 300.23% higher than the median priced home. Local competing homes currently for sale include 914 S Gramercy Dr, 810 S St Andrews Pl and 1876 Buckingham Rd. While the average home in Los Angeles, CA is selling in 93 days, 3653 Halldale Ave has a days on market of 10 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3653 Halldale Ave Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3653 Halldale Ave

Public county record property details
Beds
4
Baths
2
Year built
1924
Sq. Ft.
2,056
Lot Size
6,191
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5041-020-022

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$629
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
51
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.