3987 Dalton Avenue

Los Angeles, CA 90062

$3,150,000
Price
16
Beds
20
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

5-year Master Lease for all units! Net Operating Income $190k+! Nearly 6-CAP on Existing Income! 3987 Dalton, a new four-plex near USC (built 2023), offers townhome-style living 1.5 miles from campus. Each of the 1,650 sq ft units boasts four private suites with bathrooms, plus a guest powder room, ideal for students or shared housing. The property includes a gated driveway with over seven parking spaces. The homes are equipped with high-end finishes, including wood-laminate floors, high ceilings...5-year Master Lease for all units! Net Operating Income $190k+! Nearly 6-CAP on Existing Income! 3987 Dalton, a new four-plex near USC (built 2023), offers townhome-style living 1.5 miles from campus. Each of the 1,650 sq ft units boasts four private suites with bathrooms, plus a guest powder room, ideal for students or shared housing. The property includes a gated driveway with over seven parking spaces. The homes are equipped with high-end finishes, including wood-laminate floors, high ceilings with recessed lighting, quartz countertops, custom cabinetry, and stainless-steel appliances, including washers and dryers. Enhanced with split A/C systems and views of the DTLA skyline, these townhomes redefine luxury living in Los Angeles. Landlord is only responsible for property taxes and insurance.
  1. Listed by Brian Lane • DRE #02038343 • Brokerage DRE #00978067 • Madison Residential Realty, Inc.

Property Details for 3987 Dalton Avenue

Parcel Number
UNAVAILABLE
Total Units
4.0
Area
Los Angeles Southwest (C34)
Vacancy Rate
None
Lot Size Area
7168
Source Lot Size Area
Assessor
Assessor Parcel Number
UNAVAILABLE
Directions
Utilize Maps

Location

Listing Courtesy of Madison Residential Realty, Inc., Brian Lane, DRE #02038343
Add your commute
LISTING UPDATED: 04/04/2024 09:18 AM

Property Details for 3987 Dalton Avenue

StatusActive
MLS #24-362993
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.16 AC / 7,168 SF
CountyLos Angeles County

Location

Listing Courtesy of Madison Residential Realty, Inc., Brian Lane, DRE #02038343
Add your commute

Building Information for 3987 Dalton Avenue

Stories3Residences-Year Built-Building Size-Lot Size0.16 AC / 7,168 SF

Payment Calculator

$18,052 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,191

Property Taxes

$861

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3987 Dalton Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $228,000
  • Net Operating Income: $190,660.00
  • Gross Income: $285,024
  • Cap Rate: 5.75%
  • Gross Rent Multiplier: $11.57
  • Actual Annual Gross Rent: $285,024.00
  • Total Annual Expense: 37400
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 7168
Parking Details
Parking Details
  • Parking Garage: Driveway - Concrete
  • Total Parking: 7
  • Parking Features: Concrete
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central, Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dryer, Dishwasher, Built-Ins, Freezer, Range/Oven, Refrigerator, Solar Panels, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-06-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $5,938.00
  • Unit Actual Rent: $23,752.00
  • Unit Projected Rent: $23,752.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106

Property History for 3987 Dalton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3987 Dalton Avenue

Taxable ValueLand$669,120Additions$167,280Total$836,400
Tax Record2023$10,331 ($861 / month)
Home Facts
Beds2Total Finished SqFt1,224 SqFtAbove Grade Finished SqFt1,224 SqFtStories1Lot Size7,168 SqFtStyleSingle Family ResidenceYear Built1914ZoningLARD2CountyLOS ANGELESAPN5036-030-010

Schools near 3987 Dalton Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 9
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Martin Luther King Jr. Elementary School
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 9

Manual Arts Senior High School
Public9 to 12

Public Policy Charter
Charter5 to 8

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.

Similar Homes

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3987 Dalton Avenue is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on February 29, 2024 by Madison Residential Realty, Inc., it's currently listed at $3,150,000. It has been on the market for a total of 58 days and was last sold on May 6, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Martin Luther King Jr. Elementary School, Barack Obama Global Preparation Academy and Manual Arts Senior High School. 3987 Dalton Avenue is a 16-bed, 20-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Madison Residential Realty, Inc., Brian Lane, DRE #02038343

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.