3965 Halldale Avenue, Los Angeles, CA 90062

3965 Halldale Avenue, Los Angeles, CA 90062

Los Angeles, CA

Property Description

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.

Property Features

  • Sale Price: $1,350,000
  • Closing Date: 8/10/2022
  • Units: 9