3653 Halldale Ave - Apartments FOR SALE


Los Angeles, CA 90018- South Central LA
$4,998,888 USD
562-577-1138
3653 Halldale Ave, Los Angeles, CA for Sale
$4,998,888 USD
Apartments - FOR SALE
1/47
null | 6.55% Cap Rate

3653 Halldale Ave
Los Angeles, CA 90018
South Central LA


HIGHLIGHTS

  • Brand New Construction Completed in April 2024!
  • Beautiful Co-Living Building | 28 Bedrooms with Private En-Suite Bathrooms | Shared Kitchens and Living Rooms/Common Areas
  • Superior Construction & Design, Modern Materials and Amenities attractive to wide variety of potential tenants
  • Strategically located walking distance to USC and central to all that Los Angeles has to offer
  • Great Candidate for Master Lease Option to turn this into a true Stress-Free Passive Income Property

OVERVIEW

James Torres with KW Commercial is pleased to present this brand new construction, Prime Cash Flow Opportunity in Co-Living and Student Housing walking distance to USC! Discover an exceptional investment opportunity with the latest development project near USC, 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 with En-Suite 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 tenants seeking modern, comfortable living spaces. Centrally Located: Situated in a prime location, this development provides easy access to USC, Downtown Loas Angeles, the Westside, and surrounding amenities, ensuring a desirable living experience for all tenant demographics from young professionals, students, and even workforce housing. Rentable Sq ft: 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.

FOR SALE DETAILS

PRICE

$4,998,888 USD

PRICE/SF

$515 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,666,296

CAP RATE

6.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New Co-Living Apts 4 Blocks to USC!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,396 SF

ZONING

LAR2

APN/PARCEL ID

5041-020-022

ASK ABOUT THIS PROPERTY

James TorresKW CommercialMore Info
562-577-1138

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James TorresKW CommercialMore Info
562-577-1138

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.