Los Angeles, CA 90007 2917 Walton Avenue
$2,250,000
9 more
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Beds • 15
Baths • 10
SQFT • 4,584
Home Details
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 5.54% with a valuation of $150,000 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.
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Interior Features for 2917 Walton Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, Inside
Total Stories2
Other Rooms
Entry Level1
General for 2917 Walton Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
Days on Market
DirectionsSouth of I-10, West of I-110; Near the Intersection of W 29th St & Walton Ave
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income169200.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense3200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6251.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense3750.0
MobileHomeRemainsYNNo
Net Operating Income124758.0
New ConstructionNo
Number of Units Leased3
NumberOfUnitsTotal5
Open Parking Spaces8.0
Operating Expense39366.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot78
Taxes$26,986
TermsCash, CashtoNewLoan
Total Actual Rent13900.0
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1958
Year Built SourceAssessor
ZoningLAR4
Exterior for 2917 Walton Avenue
Building Area Total4584.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.1435
Lot Size Area6251.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480