Los Angeles, CA 90007,2917 Walton Avenue
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Los Angeles, CA 90007,2917 Walton Avenue
Los Angeles, CA 90007,2917 Walton Avenue
Los Angeles, CA 90007,2917 Walton Avenue
Los Angeles, CA 90007,2917 Walton Avenue
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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 1,995,000
Est. payment /mo
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Active

2917 Walton Avenue Los Angeles, CA 90007

4,584 SqFt


UPDATED:

12/06/2024 02:12 AM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,584 sqft

Price per Sqft $435

MLS Listing ID CRCV24195870

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1958

Lot Size 6,251 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry Community Facility, Inside

Building

Water Public


Bay East AOR and Contra Costa AOR

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2917 Walton Avenue