3653 Halldale Avenue
3653 Halldale Avenue
Description
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...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
- Listed by Ernesto Ramos • DRE #01160122 • Brokerage DRE #01914184 • Excellence RE Real Estate • 562-755-9305
- Listed by Christian Ramos • DRE #01989740 • Brokerage DRE #01525011 • Century 21 Realty Masters
Property Details for 3653 Halldale Avenue
Location
Property Details for 3653 Halldale Avenue
| Status | Active |
|---|---|
| MLS # | DW24076985 |
| Days on Market | 13 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2024 |
| Lot Size | 0.14 AC / 6,192 SF |
| County | Los Angeles County |
Location
Building Information for 3653 Halldale Avenue
Payment Calculator
$28,062 per month
30 year fixed, 7.25% Interest
$27,281
$781
$0
Property Information for 3653 Halldale Avenue
- Tenant Pays: None, ADA Upgrades
- Gross Income: $403,200
- Gross Scheduled Income: $403,200
- Vacancy Allowance Rate: 5
- Gross Operating Income: $3,838,040
- Net Operating Income: $280,566
- Gross Multiplier: 12.4
- Cap Rate: 6.9
- Operating Expense: $102,474
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $102,474
- Tax Tract Number: 2225
- Tax Census Tract: 2225.00
- CFD/Mello-Roos Fee: $439
- Tax Lot: 1
- Accessibility Features: See Remarks
- Assessments YN: Yes
- Assessments: Unknown
- Community Features: Street Lights
- Interior Features: Balcony
- Laundry: Yes
- Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Entry Location: Halldale
- Fence: Yes
- Fencing: Excellent Condition
- View Description: City Lights
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 2-5 Units/Acre, Corner Lot, Front Yard, Landscaped, Sprinkler System, Sprinklers In Front, Sprinklers On Side, Sprinklers Timer
- Number Of Units: 3
- Land Lease: No
- Land Lease Type: Fee
- Levels: Three Or More
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 1
- Open Other Spaces Total: 1
- Parking Garage Spaces: 0
- Carport Spaces: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 15
- Unit Type Baths Total: 15
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 18000
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 10
- Unit Type Baths Total: 10
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 15600
- Unit Type Type: 2
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 3
- Number Of Separate Gas Meters: 3
- Number Of Separate Water Meters: 2
Property History for 3653 Halldale Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3653 Halldale Avenue
Schools near 3653 Halldale Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | K to 12 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 5 |
Rating | School | Distance |
|---|---|---|
Lenicia B. Weemes Elementary School PublicK to 5 | ||
Foshay Learning Center PublicK to 12 | ||
Manual Arts Senior High School Public9 to 12 | ||
Stem Preparatory Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Excellence RE Real Estate, Ernesto Ramos, DRE #01160122; Century 21 Realty Masters, Christian Ramos, DRE #01989740
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.