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3987 Dalton Ave, Los Angeles, CA 90062
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3987 Dalton Ave Los Angeles, CA 90062

$3,150,000
  • 16 Beds
  • 16 Baths
  • -- Sq.Ft.
For Sale
$3,150,000 Get Pre-Qualified
Map preview of 3987 Dalton Ave, Los Angeles, CA 90062

Property Overview: 3987 Dalton Ave Los Angeles, CA has 16 bedrooms, 16 bathrooms, -- living square feet and 7,168 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: 5-year Master Lease for all units! Net Operating Income $190k+! Nearly 6-CAP on Existing Income! 3987 Dalton, a new four-plex near USC (built 2023), offers townhome-style living 1.5 miles from campus. Each of the 1,650 sq ft units boasts four private suites with bathrooms, plus a guest powder room, ideal for students or shared housing. The property includes a gated driveway with over seven parking spaces. The homes are equipped with high-end finishes, including wood-laminate floors, high ceilings with recessed lighting, quartz countertops, custom cabinetry, and stainless-steel appliances, including washers and dryers. Enhanced with split A/C systems and views of the DTLA skyline, these townhomes redefine luxury living in Los Angeles. Landlord is only responsible for property taxes and insurance.

Listed by Brian Lane | BRE #02038343 | Madison Residential Realty, Inc.
Last checked: 3 minutes ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 55
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Home details

Lot Sq. Ft
7,168
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24362993
City
Los Angeles
County
Los Angeles
Time on Site
56 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $5,938
  • Total Rent: $23,752
  • Pro Forma/Market Rent: $23,752
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.75%
  • Gross Rent Multiplier: 11.57
  • Gross Scheduled Income: --
  • Net Operating Income: $190,660
  • Gross Operating Income: $228,000
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 3987 Dalton Ave

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Property Details for 3987 Dalton Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Concrete
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: UNAVAILABLE
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Utilize Maps
View more facts & features

Local Los Angeles Agent

Sale History for 3987 Dalton Ave

Last sold for $720,000 on May 6th, 2021

  • February, 2024

  • Feb 29, 2024

    Date

    Active

    CRMLS: 24362993

    $3,300,000

    Price

  • November, 2023

  • Nov 18, 2023

    Date

    Expired

    CRMLS: 23300549

    $3,150,000

    Price

  • Aug 14, 2023

    Date

    Active

    CRMLS: 23300549

    $3,150,000

    Price

  • Listing provided courtesy of CRMLS

    *** NEW 3-year master lease for all units, generating $17,600 in gross monthly income. 5.45% CAP and 14.91 GRM on current rents. *** 3987 Dalton is a new construction townhome complex 1.5 miles from the University of Southern California. Located just north of W. Martin Luther King Jr Blvd, this newly constructed townhome complex is close to the University of Southern California, LA Memorial Coliseum, BMO Stadium, Exposition Park, and an array of fast-casual eateries and daily essentials along Figueroa Blvd. Constructed in 2023, 3987 Dalton features (4) 4-bdrm. and 4.5-bath three-story townhomes that average approx. 1,650 SF each. All units are under a three-year master lease and will operate at a 5.45% CAP and 14.91 GRM on current rents. Under the master lease, the property owner will have no responsibilities other than property taxes. Please refer to the marketing package for more details on the master lease. Equipped with modern condo-quality amenities, each townhome epitomizes luxury Los Angeles apartment living. Unit interiors include wood-laminate flooring, high-ceilings with recessed lighting, large picture windows allowing abundant natural light, quartz countertops, custom cabinetry, stainless-steel appliances, custom bathroom tileworks, and multiple split A/C systems. Please note that select units feature DTLA skyline views. Newly constructed in 2023 and offering a three-year master lease at market rent, 3987 Dalton represents the ideal "hands-off" turnkey investment that will allow the future owner to collect "mailbox money" without dealing with property management headaches.

  • May, 2021

  • May 12, 2021

    Date

    Sold

    CRMLS: 21686614

    $720,000

    Price

  • May 12, 2021

    Date

    Pending

    CRMLS: 21686614

    $589,000

    Price

  • May 6, 2021

    Date

    Sold

    CRMLS: 21686614

    $720,000

    Price

  • Feb 8, 2021

    Date

    Pending

    CRMLS: 21686614

    $589,000

    Price

  • Jan 29, 2021

    Date

    Active

    CRMLS: 21686614

    $589,000

    Price

  • Listing provided courtesy of CRMLS

    Investment opportunity: The property offers 2bd 1ba on title, a Combination living room which offers wood burning fire place, Dinning area & Den, The Kitchen offers Granted counter tops recessed lighting & much more. kitchen leads you to the laundry room & 3/4 bathroom area. updated installation of Central Heating & Air Condition System. Property is Zoned LAR2 So build your guest house or income property the choices are endless. property is Conveniently located by LA Coliseum, LAFC & The California Science center. Note: The property is tenant occupied.

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Tax History for 3987 Dalton Ave

Assessed Value (2020): $243,475
Year Land Value Improved Value Assessed Value
2020 $172,271 $71,204 $243,475

Home Value Compared to the Market

This property vs the competition

3987 Dalton Ave is listed 154.85% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000.

About 3987 Dalton Ave

Detailed summary of property

3987 Dalton Ave is a multi family located in Los Angeles, CA 90062 and is currently for sale. This multi family property offers 16 bedrooms, 16 bathrooms, roughly -- living square feet, and sits on an approximately 7,168 square foot lot. 3987 Dalton Ave was first listed on ArdentRealEstateGroup.com on March 6, 2024. The homeowner is currently asking $3,150,000 and was originally asking $3,300,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 154.85% higher than the median priced home. Local competing homes currently for sale include 2176 S Venice Blvd, 3212 S Main St and 1511 S Manhattan Pl. While the average home in Los Angeles, CA is selling in 96 days, 3987 Dalton Ave has a days on market of 55 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 3987 Dalton 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 3987 Dalton Ave

Public county record property details
Beds
2
Baths
1
Year built
1914
Sq. Ft.
1,224
Lot Size
7,168
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
11,12
APN
5036-030-010

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
$799,999
Median List Price/Sq.Ft.
$576
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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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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