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3965 Halldale Ave, Los Angeles, CA 90062
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3965 Halldale Ave Los Angeles, CA 90062

$1,350,000 Sold Price as of 08/10/2022
  • 6 Beds
  • 9 Baths
  • 3,424 Sq.Ft.
Sold
$1,350,000 Sold Price as of 08/10/2022 Refinance Your Mortgage
Map preview of 3965 Halldale Ave, Los Angeles, CA 90062

Property Overview: 3965 Halldale Ave Los Angeles, CA has 6 bedrooms, 9 bathrooms, 3,424 living square feet and 7,416 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3965 S Halldale Ave is a value add 9-unit apartment with strong rental upside. 3965 Halldale is partially remodeled with plenty of upside for an investor looking to increase the value. This cash-flowing apartment building is located in the 90062 zip code steps from USC and is offered at only $158,333 per unit. The property is currently operating at an above-market cap rate of 5.57% and GRM of 11.31, making this the best priced deal in this submarket. 3965 Halldale is the perfect opportunity for any investor looking for strong cash flow with over 25% rental upside. An ideal unit mix for the 2022 renter as it consists of (4) Studio/1-Bath, (4) 1-Bed/1-Bath, and (1) 2-Bed/1-Bath units. Built in 1924, this courtyard style building is 3,424 Sq. Ft and sits on a 7,416 Sq. Ft. lot zoned LA RD2. Less than a mile from the Banc of California Stadium and USC, this property is located in one of the quickest growing submarkets of Los Angeles and is ideally positioned for long term appreciation.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Don Glunts | BRE #00431030 | D.G. Realty
Last checked: 15 minutes ago | Last updated: August 11th, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
7,416
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB22154524
City
Los Angeles
County
Los Angeles
Time on Site
786 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 3
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,168
  • Total Rent: $1,168
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,040
  • Total Rent: $1,040
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,178
  • Total Rent: $1,178
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,023
  • Total Rent: $1,023
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $993
  • Total Rent: $993
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.57%
  • Gross Rent Multiplier: 11.31
  • Gross Scheduled Income: $126,035
  • Net Operating Income: $79,319
  • Gross Operating Income: $122,254
Annual Expense Breakdown
  • Total Operating Expense: $42,935
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 3965 Halldale Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 5036020018
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of MLK West of Normandie
Neighborhood Information
  • Community Features: Biking, Park, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 3965 Halldale Ave

Last sold for $1,350,000 on August 10th, 2022

  • August, 2022

  • Aug 10, 2022

    Date

    Sold

    CRMLS: SB22154524

    $1,350,000

    Price

  • Jul 19, 2022

    Date

    Active

    CRMLS: SB22154524

    $1,425,000

    Price

  • May, 2022

  • May 23, 2022

    Date

    Expired

    CRMLS: 21112973

    $1,500,000

    Price

  • Dec 18, 2021

    Date

    Active

    CRMLS: 21112973

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    PLEASE DO NOT CONTACT OWNER.

  • May, 2022

  • May 23, 2022

    Date

    Expired

    CRMLS: 21107313

    $1,600,000

    Price

  • Nov 22, 2021

    Date

    Active

    CRMLS: 21107313

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    Wonderful opportunity to own Bread and Butter 9 unit building near USC. There is a mix of Single units, Four One Bedrooms, 1 Two Bedroom, and a shed. Most units have had some upgrades and there is room for raising the rents. This building is close to everything, mass transit, shopping, and the 110, 10, 105, 405 freeways. The neighborhood and surrounding areas are gentrifying. Great Investment. Buyer to cooperate with Sellers 1031 Exchange.

  • July, 2001

  • Jul 26, 2001

    Date

    Sold (Public Records)

    Public Records

    $290,000

    Price

  • July, 1999

  • Jul 22, 1999

    Date

    Sold (Public Records)

    Public Records

    $180,000

    Price

Show More

Tax History for 3965 Halldale Ave

Assessed Value (2020): $391,717
Year Land Value Improved Value Assessed Value
2020 $182,350 $209,367 $391,717

Home Value Compared to the Market

This property vs the competition

3965 Halldale Ave sold on August 10, 2022 for 27.23% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $416.18 per/sqft which puts the price per square foot 42.52% lower than the current median sale per square foot for the city of Los Angeles.

About 3965 Halldale Ave

Detailed summary of property

3965 Halldale Ave is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 6 bedrooms, 9 bathrooms, roughly 3,424 living square feet, and sits on an approximately 7,416 square foot lot. 3965 Halldale Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $1,350,000. Home 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 27.23% higher than the current median priced home. Local homes that are currently for sale include 3110 Raymond Ave, 832 W 41st St and 828 W 41st St. While the average home in Los Angeles, CA is selling in 106 days, 3965 Halldale Ave has a days on market of 14 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3965 Halldale Ave Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3965 Halldale Ave

Public county record property details
Beds
10
Baths
9
Year built
1910
Sq. Ft.
3,424
Lot Size
7,415
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5036-020-018

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$645,000
Median Sold Price/Sq.Ft.
$477
Total Inventory
42
Median Sale to List Price %
104.88%
Avg Days on Market
19
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (37.5%), Other (12.5%)

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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.

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