2917 Walton Avenue

Los Angeles, CA 90007

$1,995,000
Price
15
Beds
10
Baths
4,584 Sq. Ft.
$435 / Sq. Ft.
4,584
Sq. Ft.
$435
per Sq. Ft.
a view of a building with a bench in front of it
a view of building with large trees and outdoor space
a view of a balcony with a potted plants
a large building with a white roof
a patio with a table and chairs and potted plants
a kitchen with stainless steel appliances a stove a microwave and a refrigerator
a bedroom with a bed and a window
a view of a livingroom with wooden floor and a flat screen tv
a kitchen with granite countertop a sink stove and refrigerator
a room with furniture and wooden floor
a en suite bathroom with a sink and a mirror
an aerial view of a house with table and chairs
an aerial view of a city
an aerial view of a house with a yard

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...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.
  1. Listed by Kristopher German • DRE #01800021 • Brokerage DRE #01264629 • RE/MAX 2000 REALTY • 909-645-0443

Property Details for 2917 Walton Avenue

Parking Spaces Total
8
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4584
Assessor Parcel Number
5054-035-020
Property Attached YN
true
LISTING UPDATED: 12/04/2024 10:02 AM

Property Details for 2917 Walton Avenue

StatusActive
MLS #CV24195870
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
CountyLos Angeles County

Building Information for 2917 Walton Avenue

Building/Complex2917 Walton AveFloor-Stories2Residences-Pet Policy-Year Built1958Building Size-

Property Information for 2917 Walton Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $169,200
  • Gross Scheduled Income: $169,200
  • Vacancy Allowance: 5076
  • Gross Operating Income: $164,124
  • Net Operating Income: $128,316
  • Laundry Income: $2,400
  • Gross Multiplier: 11.79
  • Cap Rate: 6.43
Expense Details
  • Operating Expense: $35,808
  • New Taxes Expense: $23,928
  • Insurance Expense: $3,200
  • Maintenance Expense: $3,250
  • Professional Management Expense: $0
  • Other Expense: $4,680
  • Other Expense Description: Utilitie
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $37,367
Tax / Assessment Info
  • Tax Tract Number: 020
  • Tax Census Tract: 2219.00
  • CFD/Mello-Roos Fee: $672
  • Tax Lot: 78
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,950
  • Unit Type Total Rent: $2,950
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $2,800
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,550
  • Unit Type Total Rent: $3,550
  • Unit Type Pro Forma: 3550
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 2917 Walton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2917 Walton Avenue

Taxable ValueLand$397,255Additions$139,534Total$536,789
Tax Record2024$7,108 ($592 / month)
Home Facts
Total Finished SqFt4,584 SqFtAbove Grade Finished SqFt4,584 SqFtLot Size6,251 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningLAR4CountyLOS ANGELESAPN5054-035-020

Schools near 2917 Walton Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Vermont Avenue Elementary School
Public - K to 5
Foshay Learning Center
Public - K to 12
Manual Arts Senior High School
Public - 9 to 12
Stem Preparatory Academy
Charter - K to 5
Rating
School
Distance
Vermont Avenue Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

Stem Preparatory Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2917 Walton Avenue, Los Angeles, CA 90007

2917 Walton Avenue is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on September 20, 2024 by RE/MAX 2000 REALTY, it's currently listed at $1,995,000. It has been on the market for a total of 78 days and was last sold on February 9, 2004. This listing's school district is Los Angeles Unified School District. Nearby schools include Vermont Avenue Elementary School, Foshay Learning Center and Manual Arts Senior High School. 2917 Walton Avenue is a 15-bed, 10-bath, 4,584 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.