Price Reduced Listing
2917 Walton Avenue , Los Angeles, CA 90007
Los Angeles, CA 90007
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.
Details
| Mls | CV24195870 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 82 |
| Listing Provided By | RE/MAX 2000 REALTY 626-956-0188 | Kristopher German |
Features
| Sq Feet | 4,584 |
|---|---|
| Storys | 2 |
| Units | 5 |
| Buildings | 2 |
| Zoning | LAR4 |
| Acreage | 0.14 |
Market Activity 90007
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90007) | |
Price: $1,995,000 low | high Med: $1,300,000 SqFt: 4,584 low | high Med: 2,052 $ / SqFt: $435 low | high Med: $634 On Site: 82 low | high Med: 92.000000 | |
