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$1,599,000

Beds
8
sq ft
2,858

2943 Walton Ave, Los Angeles, CA 90007

2943 Walton Ave

Los Angeles, CA 90007

  • 82 days on market
This is an exceptional opportunity to acquire a Turn Key USC Student Housing. This beautifully restored Victorian home is a well-established, student housing located in the coveted DPS Patrol Zone within close walking distance to the University of Southern California. Offering a total of eight (8) bedrooms and four (4) bathrooms, split into two spacious units. Each unit consists of four (4) bedrooms and two (2) bathrooms, a huge private enclosed front yard for activities providing an ideal living situation for students. Equipped with parking spaces for additional income. Bottom unit is currently vacant and to be delivered vacant for owner occupant or rented for income. Major Value Add opportunity to construct an ADU, offering additional income to increasing cash flow. Don't miss out on this sound investment before the 2026 FIFA World CUP and 2028 Los Angeles Olympics as the home is situated in close proximity to LA Memorial Coliseum. Seller has recently completed painting the exterior and poured new concrete in driveway parking area spending over $45k in improvements, repairs and upgrades.

Details

Property type

Est. home value

$1,226,771

Lot size

8,102 sq ft

Price per sq ft

$560

Year built

1916

HOA

No

Price History

08/17/2024
CLAW

CLAW #24429019

Listed
$1,599,000
+25.41%
05/20/2020
CLAW

CLAW #20564724

Sold
$1,275,000

Schools & Community

Neighborhood: 

Adams-Normandie

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Zb Na

Loan start date

April 2022

Original loan amount

$140,400

Est. remaining balance

Not provided

Interest rate

2.91%

Loan type

Credit Line (Revolving)

Seller

David Hyun Bae

Lender

New Wave Lending Group Inc

Loan start date

August 2021

Original loan amount

$595,000

Est. remaining balance

$553,714

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

David Hyun Bae

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/08/2024 at 1:25 AM

Listing updated: 10/05/2024 at 7:39 AM

Listed by: Peter Oh, Keller Williams Larchmont Phone #: (323) 762-2600

MLS: CLAW #24429019

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