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3003 Dalton Avenue, Los Angeles, California 90018, Los Angeles, 90018 - 7 bed, 4 bath

3003 Dalton Avenue, Los Angeles, California 90018 home-pic-0
ACTIVE$1,400,000
3003 Dalton Avenue, Los Angeles, California 90018
7Beds
4Baths
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
PW25136537
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 23% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.40M(87th), sqft - 2100(78th), beds - 7(98th), baths - 4(93th).

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, as stated in the description and evidenced by the images. The kitchen features modern dark wood cabinetry, white quartz countertops, stainless steel appliances (microwave, dishwasher, range), and recessed lighting, all appearing new or virtually new. The flooring throughout, including the LVP/laminate in the bedroom, is new and modern. The overall aesthetic and stated updates align with a property extensively renovated within the last 5 years, meeting current quality standards with no deferred maintenance visible.
Pros & Cons

Pros

Strategic Rental Location: The property's prime location just minutes from USC University in a high-demand rental area ensures consistent tenant interest and strong rental income potential.
Established Income Stream & ADU: Currently fully leased to USC students, providing immediate cash flow, complemented by a permitted detached ADU for additional rental flexibility or owner-occupancy.
Comprehensive Modern Remodel: Both the main house and ADU have undergone recent, extensive remodels with contemporary finishes, reducing immediate maintenance and upgrade costs for a new owner.
High-Capacity Layout: With 7 bedrooms and 4 bathrooms across two units, the property is optimally configured for multi-tenant occupancy, maximizing rental yield.
Turnkey Investment Opportunity: Presented as a ready-to-go investment, minimizing the operational setup time and allowing for immediate income generation.

Cons

Aggressive Pricing vs. Valuation: The list price of $1.4M significantly exceeds the estimated property value of $1.07M and a comparable property, suggesting potential overpricing that may deter buyers or require price adjustments.
Age-Related Maintenance Concerns: Despite recent remodels, the 1920 construction year implies potential underlying issues with older infrastructure (e.g., plumbing, electrical, foundation) that may require future attention.
Student Housing Management Demands: Operating as student housing typically involves higher tenant turnover, increased wear and tear, and more intensive property management requirements compared to traditional long-term rentals.

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