2916 Dalton Ave, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath
ACTIVE$899,000
2916 Dalton Ave, Los Angeles, California 90018
0Bed
0Bath
3,622Sqft
7,401Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: This quadruplex offers a clear investment opportunity with four units (3x 2-bed/1-bath, 1x 1-bed/1-bath), providing immediate rental income potential in the thriving Los Angeles market.
Top Cons:
Age of Property & Deferred Maintenance: Constructed in 1922, the property is likely to require substantial capital expenditure for updating major systems (plumbing, electrical, HVAC) and general renovations to meet modern tenant expectations and maximize rental value.
Compared to the nearby listings
Price:$899.0K vs avg $799.0K (+$100,000)62%
Size:3,622 sqft vs avg 2,402 sqft85%
Price/sqft:$248 vs avg $3578%
More Insights
Built in 1922 (103 years old).
Condition: Built in 1922, this property exhibits significant age and deferred maintenance. The images clearly show extremely dated kitchens with old, worn cabinets, countertops, and basic, older white appliances. Bathrooms feature very old fixtures and flooring, indicating no major renovations in many decades. Hardwood floors are heavily worn and scratched, requiring refinishing. The listing description itself highlights the need for 'substantial capital expenditure for updating major systems (plumbing, electrical, HVAC) and general renovations.' While the structure appears to be intact for renovation, the current condition of the interiors, particularly the kitchen and bathrooms, requires extensive rehabilitation to be comfortable or meet modern tenant expectations.
Year Built
1922
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$248
HOA
-
Days on market
-
Sold On
-
MLS number
RS25081523
Home ConditionPoor
Features
View-
About this home
Charming 4-Unit Investment Opportunity in Historic Adams-Normandie Welcome to 2916 Dalton Avenue, a classic 1922 quadruplex nestled in the heart of Los Angeles’ vibrant Adams-Normandie neighborhood. This 3,622 sq ft multi-family property sits on a generous 7,401 sq ft lot and offers a compelling blend of historic character and income potential.? Property Highlights: The building comprises four units. 3 -2bed 1 bath units and 1- 1bed 1 bath unit. Situated just minutes from the University of Southern California (USC), Downtown LA, and major cultural hubs like the Crypto.com Arena and the LA Convention Center, this property is ideally positioned for strong rental demand. The Adams-Normandie neighborhood is known for its historic charm and proximity to public transportation, dining, and entertainment options.? Investment Potential: With its prime location and substantial size, 2916 Dalton Avenue presents a remarkable opportunity for investors seeking to capitalize on the thriving Los Angeles rental market. Whether you're looking to renovate and increase rental income or hold as a long-term investment, this property offers versatility and potential for significant returns.
Nearby schools
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.6mi
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•0.6mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.7mi
4/10
John Adams Middle School
Public,•6-8•1.8mi
5/10
Foshay Learning Center
Public,•K-12•0.7mi
4/10
West Adams Preparatory High School
Public,•9-12•1.1mi
3/10
Manual Arts Senior High School
Public,•9-12•1.6mi
Price History
Date
Event
Price
04/04/97
Sold
$155,000
01/28/04
Sold
$410,000
Condition Rating
Poor
Built in 1922, this property exhibits significant age and deferred maintenance. The images clearly show extremely dated kitchens with old, worn cabinets, countertops, and basic, older white appliances. Bathrooms feature very old fixtures and flooring, indicating no major renovations in many decades. Hardwood floors are heavily worn and scratched, requiring refinishing. The listing description itself highlights the need for 'substantial capital expenditure for updating major systems (plumbing, electrical, HVAC) and general renovations.' While the structure appears to be intact for renovation, the current condition of the interiors, particularly the kitchen and bathrooms, requires extensive rehabilitation to be comfortable or meet modern tenant expectations.
Pros & Cons
Pros
Income-Generating Asset: This quadruplex offers a clear investment opportunity with four units (3x 2-bed/1-bath, 1x 1-bed/1-bath), providing immediate rental income potential in the thriving Los Angeles market.
Prime Urban Location: Strategically located in the historic Adams-Normandie neighborhood, minutes from USC, Downtown LA, Crypto.com Arena, and major cultural hubs, ensuring strong and consistent rental demand.
Historic Charm & Character: Built in 1922, the property possesses classic architectural character, which can be a unique selling point and attract tenants seeking properties with historical appeal.
Generous Lot Size: Sitting on a substantial 7,401 sq ft lot, which is considerable for a multi-family property in a dense urban area like Los Angeles, offering potential for outdoor amenities or future development (subject to zoning).
Value-Add Potential: The property is presented as an opportunity for renovation to increase rental income and offers versatility for long-term investment, suggesting significant upside potential for a savvy investor.
Cons
Age of Property & Deferred Maintenance: Constructed in 1922, the property is likely to require substantial capital expenditure for updating major systems (plumbing, electrical, HVAC) and general renovations to meet modern tenant expectations and maximize rental value.
Rent Control & Tenant Protections: As a multi-unit property in Los Angeles, it is highly probable that it falls under the city's stringent rent control ordinances and tenant protection laws, which can limit rent increases and complicate property management.
Lack of Financial Transparency: The listing does not provide current rental income figures, operating expenses, or detailed unit conditions, necessitating extensive due diligence to accurately assess the property's financial performance and required investment.