Recently Listed New Construction 3653 Halldale Avenue
Los Angeles, CA, 90018 $ 4,998,888
Bedrooms15 Baths15.0 Sq 9,700 Monthly Estimate*
$ 34,919
Listed by Excellence RE Real Estate
for $4,998,888 with 15 bedrooms and 15 full baths. This 9,700 square foot home was built in 2024 on a lot size of 0.1421.
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
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FeaturesGeneralInterior Features Balcony
Sewer PublicSewer
Heating Central
Cooling CentralAir
Zoning LAR2
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 2024
Tenant Pays ADAUpgrades None
View CityLights
Levels ThreeOrMore
Property SubType Duplex
Gross Income 403200.0
Community Features StreetLights
Accessibility SeeRemarks
County Los Angeles
Net Operating Income 280566.0
Operating Expense 102474.0
Insurance Expense 0.0
New Construction Y
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions 3653 Halldale Ave is between S Western Ave and Normandie Ave North of Exposition Blvd
City Los Angeles
Entry Location Halldale
View Y/N Y
Senior Community Y/N N
Open Parking Spaces 1.0
Total Units 3
MLS Area C23 - Metropolitan
Lot Size Square Feet 6192.0
Private Pool N
Waterfront Y/N N
Carport Spaces 1.0
Carport Y/N Y
Street Name Halldale
Listing Terms Cash CashtoExistingLoan CashtoNewLoan Conventional Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 8
Building Area Units SquareFeet
Standard Status Active
Year Built Source Builder
Tax Lot 1
Property Sub Type Additional Duplex
Cap Rate 6.9
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ExteriorFencing ExcellentCondition
Lot Features Item25UnitsAcre CornerLot FrontYard SprinklersInFront Landscaped SprinklersTimer SprinklersOnSide SprinklerSystem
Water Source Public
Total Parking 2.0
Lot Size Area 6192.0
Number of Buildings 1
Spa N
Building Area Total 9700.0
Lot Size Acres 0.1421
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features WasherHookup ElectricDryerHookup GasDryerHookup Inside
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesList ByExcellence Re Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $34,919
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,999,883
Percent of Sale Price 60%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/25/2024 | $4,998,888 | | Listed Price |