$1,995,000
- Beds
- Unknown
- sq ft
- Unknown
2917 Walton Ave, Los Angeles, CA 90007
2917 Walton Ave
Los Angeles, CA 90007
- 95 days on market
- Price drop $130,000↓
JUST REDUCED! 6.43% Current CAP Rate! 11.79 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 6.43% with a valuation of $133,000 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
Unknown
Year built
1958
Price History
12/05/2024
CRMLS #CV24195870
Price change
$1,995,000
-6.12%
10/22/2024
CRMLS #CV24195870
Price change
$2,125,000
-5.56%
10/17/2024
CRMLS #CV24195870
Removed
$2,250,000
Schools & Community
Neighborhood:
Adams-Normandie
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Curbs, Sidewalks
Community features:
Curbs, Sidewalks
Status: Active
Tomo last checked: 12/24/2024 at 10:05 AM
Listing updated: 12/04/2024 at 6:25 PM
Listed by: Kristopher German, RE/MAX 2000 REALTY Phone #: (626) 956-0188
MLS: CRMLS #CV24195870
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