1 of 14

Want to see this property?

2917 Walton Avenue

Los Angeles, CA 90007

– beds
– baths
– sqft
6,251 sqft lot
1958 build
– on site

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.

Listed By CRMLS_CA / Kristopher German / RE/MAX 2000 REALTY / 909-645-0443

Last checked: Checking… • Last updated Oct 28, 2024 •

MLS# CV24195870 —

The Building

Year Built:

1958
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

4584.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

5
Stories Total:

2
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Levels:

Two
Entry Location:

1
Laundry:

Community, Inside
Laundry:

1

Location

Directions:

South of I-10, West of I-110; Near the Intersection of W 29th St & Walton Ave
Latitude:

34.02813600
Longitude:

-118.29511200

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LAR4
Lot Features:

2-5 Units/Acre
Lot Size Area:

6251.0000
Lot Size Acres:

0.1435
Lot Size SqFt:

6251.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2219.00
Tax Tract:

020
Tax Lot:

78

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5054035020

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs, Gutters, Sidewalks
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

8.00
Uncovered Spaces:

8.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/22/24 Oct 22, 2024	Price Changed	CRMLS_CA	$2,125,000	-5.6%
9/20/24 Sep 20, 2024	Listed / Active	CRMLS_CA	$2,250,000

Want a closer look?

Go see 2917 Walton Avenue

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Los Angeles, CA

Similar sold homes

This multifamily located in South LA, Los Angeles, CA 90007 is currently for sale for $2,125,000. 2917 Walton Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 65 days. 2917 Walton Avenue is in the South LA neighborhood of Los Angeles and has a WalkScore® of 88, making it very walkable. This multifamily is in the attendance area of Foshay Learning Center, Manual Arts Senior High School, and Vermont Avenue Elementary School.

Listing Courtesy of: CRMLS_CA and RE/MAX 2000 REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of 10:40 on Nov 24.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.