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$ 1,995,000
Est. payment /mo
Price Dropped by $130K
2917 Walton AVE Los Angeles, CA 90007
6,251 Sqft Lot
UPDATED:
12/05/2024 01:03 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV24195870
Originating Board California Regional MLS
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
Area C16 - Mid Los Angeles
Interior
Laundry Other, Community Facility
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 5054035020
Special Listing Condition Not Applicable
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Listed by Kristopher German • RE/MAX 2000 REALTY