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$ 1,895,000
Est. payment /mo
Price Dropped by $100K
2917 Walton AVE Los Angeles, CA 90007
6,250 Sqft Lot
UPDATED:
02/05/2025 12:20 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV24195870
HOA Y/N No
Year Built 1958
Lot Size 6,250 Sqft
Property Description
JUST REDUCED! 6.83% Current CAP Rate! 11.20 GRM! This prime multi-family investment property, fully occupied by USC students, offers a stable investment opportunity located in the USC patrol zone. The property features 19 beds across 15 bedrooms, consisting of (1) 3-bedroom/2-bath detached single-family residence with a private patio and four (4) 3-bedroom/2-bath units. Two of the units will be delivered vacant at the close of escrow. The current cap rate is 6.83% and GRM is 11.20 with a valuation of $126,333 per bedroom, highlighting the strong cash flow generated from the property. Tenant amenities include a gated entry for added privacy, on-site parking with a total of 8 off-street spaces, and a communal laundry room. This property is ideally suited for investors looking to capitalize on the constant demand from USC students, offering a turn-key solution in a highly sought-after area, with significant rental income and growth potential.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR4
Interior
Fireplace No
Laundry Common Area, Inside
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5054035020
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443