3987 Halldale Avenue, Los Angeles, California 90062, Los Angeles, 90062 - 5 bed, 8 bath
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Los Angeles, California 90062
This High-Density Development Asset represents a High-Potential Investment Opportunity, listed at $989,999—positioned well below the $1,030,925 Fair Market Value by 3%. This valuation gap offers $40,926 in Instant Equity. While currently holding a Fair Condition Rating, the property’s TOC Tier 3 Zoning on a 6,647 SqFt Lot allows for up to 8 units or an ADU conversion. Located in the Los Angeles Unified district near USC, it commands massive rental demand. This is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3987 Halldale Avenue Subject | $989,999* List Price | 5 | 8 | 2,496 | $413 | - |
A 1933 W 43rd Place Sold | $700,000 | 4 | 2 | 2,298 | $305 | 0.8 mi |
B 1459 W 47th Street Active | $949,995 List Price | 4 | 3 | 2,081 | $457 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1910 Craftsman home is in livable condition but shows significant signs of age and outdated styling. While it features a newer AC system (2021) and functional wood flooring, the kitchen and bathrooms reflect renovations likely completed 20-30 years ago, featuring dated oak-style cabinetry, basic tile work, and older fixtures. The property is well-maintained for its age but requires cosmetic and functional modernization throughout to meet current 'Good' or 'Excellent' standards.
The property is situated on a 6,647 SqFt lot with TOC Tier 3 zoning, offering a rare opportunity to build up to 6-8 units or convert the finished garage into an ADU for additional income.
Boasting a high-demand location, the home is within walking distance to the USC Campus, Expo Line, and major landmarks including BMO Stadium and the LA Memorial Coliseum.
With 5 bedrooms and 3.5 bathrooms across nearly 2,500 square feet, the functional Craftsman-style floor plan is perfectly suited for large households or high-occupancy rental strategies.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Originally built in 1910, the property likely requires ongoing upkeep and further modernization of its older systems and finishes to meet contemporary standards.
Proximity to major stadiums and a university campus may result in increased noise, traffic, and parking challenges typical of a high-density metropolitan neighborhood.
Welcome to this spacious Craftsman-style home offering a blend of character, functionality, and future up-side potential in the heart of the Exposition Park Neighborhood of Los Angeles. Featuring 5 bedrooms and 3.5 bathrooms across approximately 2,496 square feet, this residence provides an ideal layout for large households or multi-generational living OR significant upside for investors, developers, or buyers looking to add value on 6,647 SqFt Lot TOC Tier 3 (Can built up to 6-8 units—Buyer to verify). The home welcomes you with a covered front porch and opens into expansive living and dining areas highlighted by warm wood flooring, natural light, and a comfortable, inviting feel. The kitchen offers ample cabinetry & workspace, presenting a great opportunity for customization to suit your personal style. A recently updated laundry room (basement area) and a newer AC system (installed in 2021) add everyday convenience. Sitting on a 6,647 square foot lot, the backyard is designed for both enjoyment and privacy, featuring extensive pavement & grass areas, a large covered patio structure perfect for outdoor gatherings, and a fully fenced yard with added privacy fencing and gated access. And for inversor/developers a great opportunity to build up to 6-8 units. The finished garage offers excellent potential for an ADU conversion (buyer to verify), making this property an attractive option for those seeking additional living/flex space or rental income opportunities. With its generous size, functional layout, and value-add potential, this property is a rare opportunity to own a versatile home in the centrally located Exposition Park neighborhood within walking distance to EXPO Line, USC Campus/Village, LA Memorial Coliseum, BMO Stadium, CA Science Center, Natural History Museum and 10 minutes drive to DTLA, Crypto Arena, LA Convention Center, Sofi Stadium, Intuit Dome and much more.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 88% |
| Baths | 8.0 | 2.0 | 97% |
| Square foot | 2,496 | 1,450 | 97% |
| Lot Size | 6,648 | 5,410 | 91% |
| Price | $990.0K | $727.5K | 74% |
| Price per sq ft | $397 | $553 | 18% |
| Built year | 1910 | 1913 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 186 | 3% |
Apr 15, 2026
$989,999
Initial Listing
Oct 31, 2014
$440,000
Public Record
Feb 3, 2014
$290,000
Public Record
Sep 2, 1993
$155,000
Public Record