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3003 Dalton Avenue, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath

3003 Dalton Avenue, Los Angeles, California 90018 home-pic-0
ACTIVE$1,400,000
3003 Dalton Avenue, Los Angeles, California 90018
0Bed
0Bath
2,100Sqft
7,218Lot
Year Built
1920
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$667
HOA
-
Days on market
-
Sold On
-
MLS number
PW25155290
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.40M(87th), sqft - 2100(78th), beds - undefined(2th), baths - undefined(2th).

Newly Remodeled 6-Bed Home + 1-Bed ADU Near USC University – Ideal Investment Opportunity Fully remodeled and income-producing property located just minutes from USC University. The main home features 6 bedrooms and 3 bathrooms, all recently updated with modern finishes including new flooring, recessed lighting, quartz countertops, and stainless steel appliances. Open-concept layout with spacious common areas, ideal for student housing or multi-family living. In addition, the property includes a permitted detached ADU offering 1 bedroom, 1 bathroom, and a full kitchen, also newly remodeled. Currently, all rooms in the main house are leased to UCS students, providing immediate rental income. Situated in a high-demand rental area close to campus, shopping, and public transportation. Whether you're looking for a turnkey investment or a flexible living setup, this property checks all the boxes.

Nearby schools

4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.5mi
2/10
John W. Mack Elementary School
Public,•K-5•0.6mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.6mi
5/10
Vermont Avenue Elementary School
Public,•K-5•0.7mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.7mi
4/10
John Adams Middle School
Public,•6-8•1.9mi
5/10
Foshay Learning Center
Public,•K-12•0.6mi
4/10
West Adams Preparatory High School
Public,•9-12•1.2mi
3/10
Manual Arts Senior High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
06/15/18
Sold
$710,000
Condition Rating
Excellent
Despite being built in 1920, the property has undergone a 'fully remodeled' and 'recently updated' renovation, including new flooring, recessed lighting, quartz countertops, and stainless steel appliances in the kitchen. The images confirm a modern, clean aesthetic throughout the main living areas and kitchen, with new-looking cabinets and appliances. The detached ADU is also 'newly remodeled,' indicating that all key components are virtually new and meet current quality standards.
Pros & Cons

Pros

Prime Rental Location: Strategically located just minutes from USC University, shopping, and public transportation, ensuring high demand for student or multi-family rentals.
Immediate Income Generation: The property is currently fully leased to USC students, providing immediate and consistent rental income for investors.
Extensively Remodeled: Both the main house and ADU have been fully remodeled with modern finishes, including new flooring, recessed lighting, quartz countertops, and stainless steel appliances, offering a turnkey solution.
Permitted Detached ADU: The inclusion of a permitted, newly remodeled 1-bedroom, 1-bathroom ADU significantly enhances rental income potential and offers flexible living arrangements.
High Bedroom Count: With 6 bedrooms in the main house and 1 in the ADU, the property is well-suited for high-occupancy student housing or multi-generational living.

Cons

Significant Valuation Discrepancy: The list price of $1.4 million is substantially higher (40% above) the estimated property value of $838,611, suggesting potential overpricing or a disconnect with market comparables.
Age of Original Structure: Built in 1920, the property's underlying century-old structure, despite remodels, may present long-term maintenance challenges or require specialized upkeep.
Intensive Property Management: Operating as a high-density student rental property (6+1 bedrooms) can lead to higher tenant turnover and increased wear and tear, demanding more intensive property management.

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