Active
3653 Halldale Avenue
Los Angeles CA, 90018
$4,998,888
$515.35 per sqft
Active
9,700 sqft
Multi-family
Built in 2024
Listed by Ernesto Ramos with Excellence RE Real Estate 562-948-4553
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
DW24076985
MLSⓇ ID
April 24, 2024
Listed
May 2, 2024
Updated
Map
3653 Halldale Avenue
Los Angeles CA, 90018
Interior Features
Total Stories
2
Interior Features
Balcony
Laundry Description
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
2-5 Units/Acre, Corner Lot, Front Yard, Sprinklers In Front, Landscaped, Sprinklers Timer, Sprinklers On Side, Sprinkler System
Sewer
Public Sewer
Other Property Details
Area Name
C23 - Metropolitan
Days on Market
8
Garage
No
Parking Total
2
View
Yes
View Description
City Lights
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR2
Buyer Agency Compensation
2%
Listing Contact: 562-948-4553
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/2/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 5/2/2024 at 3:38 PM UTC