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Brand New Co-Living Apts 4 Blocks to USC! 3653 Halldale Ave

3 Unit Block of Flats £4,006,609 (£1,335,536/Unit) 6.55% Net Initial Yield Los Angeles, CA 90018

Investment Highlights

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

Executive Summary

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.

Property Facts

Price £4,006,609
Price Per Unit £1,335,536
Sale Type Investment
Net Initial Yield 6.55%
No. Units 3
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.15 AC
Building Size 9,700 SF
Number of Floors 3
Year Built 2024

Unit Amenities

  • Air Conditioning
  • Balcony
  • Washer/Dryer Hookup
  • Granite Countertops
  • Dining Room
  • Double Pane Windows
  • Vinyl Flooring

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 28 £1,162 -
Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code LAR2 (Two-Family Dwellings)
LAR2 (Two-Family Dwellings)
  • Listing ID: 31981960

  • Date on Market: 31/05/2024

  • Last Updated:

  • Address: 3653 Halldale Ave, Los Angeles, CA 90018

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