
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.

ray@millmanteam.com
ray@millmanteam.com