Property Detail

Description

5164 S Halldale Ave is a well-maintained 4-unit multifamily asset consisting of two side-by-side duplexes on a single lot, each offering convenient on-site parking and a thoughtfully designed layout. All four units are fully renovated 1-Bed/1-Bath apartments featuring modern finishes, updated kitchens and bathrooms, upgraded electrical and plumbing systems, and efficient layouts that maximize livability. These improvements significantly reduce deferred maintenance for the next owner while enhancing long-term tenant desirability. One unit will be delivered vacant at close, creating immediate upside for lease- up or an ideal opportunity for an owner-user. The property currently operates at a strong 5.67% cap rate and a 12.63 GRM, providing a rare combination of healthy in-place income and future value-add potential. With tenants responsible for trash, gas, and electricity, operating expenses remain low, leaving the landlord responsible only for water and allowing for efficient management. Ideally positioned in the heart of the Vermont Square neighborhood, the property benefits from a central location near USC, Downtown Los Angeles, Exposition Park, and numerous employment hubs. Residents enjoy proximity to major transit corridors, retail amenities, and community services. With its strong fundamentals, renovated interiors, and strategic location, 5164 S Halldale Ave presents a rare opportunity to acquire a stabilized, turnkey asset with excellent short-term performance and long-term appreciation potential.