tomo logo

$2,125,000

Beds
Unknown
sq ft
4,584

2917 Walton Ave, Los Angeles, CA 90007

2917 Walton Ave

Los Angeles, CA 90007

  • 60 days on market
    • Price drop $125,000↓
NEW PRICE! 5.97% Current CAP Rate! 12.5 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 5.94% with a valuation of $111,842 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.

Details

Property type

Apartment

Lot size

6,251 sq ft

Price per sq ft

$464

Year built

1958

Price History

10/22/2024
CRMLS

CRMLS #CV24195870

Price change
$2,125,000
-5.56%
10/17/2024
CRMLS

CRMLS #CV24195870

Removed
$2,250,000
09/20/2024
CRMLS

CRMLS #CV24195870

Listed
$2,250,000

Schools & Community

Neighborhood: 

Adams-Normandie

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Status: Active

Tomo last checked: 11/19/2024 at 3:15 AM

Listing updated: 10/22/2024 at 10:35 AM

Listed by: Kristopher German, RE/MAX 2000 REALTY Phone #: (626) 956-0188

MLS: CRMLS #CV24195870

CRMLS logo

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