2943 Walton Avenue

Los Angeles, CA 90007

$1,599,000
Price
8
Beds
4
Baths
2,858 Sq. Ft.
$559 / Sq. Ft.
2,858
Sq. Ft.
$559
per Sq. Ft.

Description

This is an exceptional opportunity to acquire a Turn Key USC Student Housing. This beautifully restored Victorian home is a well-established, student housing located in the coveted DPS Patrol Zone within close walking distance to the University of Southern California. Offering a total of eight (8) bedrooms and four (4) bathrooms, split into two spacious units. Each unit consists of four (4) bedrooms and two (2) bathrooms, a huge private enclosed front yard for activities providing an ideal living...This is an exceptional opportunity to acquire a Turn Key USC Student Housing. This beautifully restored Victorian home is a well-established, student housing located in the coveted DPS Patrol Zone within close walking distance to the University of Southern California. Offering a total of eight (8) bedrooms and four (4) bathrooms, split into two spacious units. Each unit consists of four (4) bedrooms and two (2) bathrooms, a huge private enclosed front yard for activities providing an ideal living situation for students. Equipped with parking spaces for additional income. Bottom unit is currently vacant and to be delivered vacant for owner occupant or rented for income. Major Value Add opportunity to construct an ADU, offering additional income to increasing cash flow. Don't miss out on this sound investment before the 2026 FIFA World CUP and 2028 Los Angeles Olympics as the home is situated in close proximity to LA Memorial Coliseum. Seller has recently completed painting the exterior and poured new concrete in driveway parking area spending over $45k in improvements, repairs and upgrades.
  1. Listed by Peter Oh • DRE #01925937 • Brokerage DRE #01458187 • Keller Williams Larchmont
  2. Listed by Myron Bang • DRE #01994820 • Brokerage DRE #01458187 • Keller Williams Larchmont

Property Details for 2943 Walton Avenue

Zoning
LAR2
Parcel Number
5054035015
Total Units
2.0
Living Area
2858
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
8102
LISTING UPDATED: 08/25/2024 12:01 AM

Property Details for 2943 Walton Avenue

StatusActive
MLS #24-429019
Days on Market96
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1916
Lot Size0.19 AC / 8,102 SF
CountyLos Angeles County

Building Information for 2943 Walton Avenue

Stories-Residences-Year Built1916Building Size-Lot Size0.19 AC / 8,102 SF

Property Information for 2943 Walton Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 2
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $126,369
  • Net Operating Income: $99,765.00
  • Gross Income: $133,020
  • Gross Rent Multiplier: $12.00
  • Total Annual Expense: 33255
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.186
  • Lot Size Square Feet: 8102
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Microwave, Freezer, Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-17-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,485.00
  • Unit Actual Rent: $5,485.00
  • Unit Projected Rent: $5,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,600.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $279,150.00
  • Assessed Improvement Percent: 42.86
  • Assessed Land Value: $372,205.00
  • Assessed Land Percent: 57.14
  • Assessed Total Value: $651,355.00

Property History for 2943 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 2943 Walton Avenue

Taxable ValueLand$379,649Additions$284,733Total$664,382
Tax Record2024$8,453 ($704 / month)
Home Facts
Total Finished SqFt2,858 SqFtAbove Grade Finished SqFt2,858 SqFtLot Size8,100 SqFtStyleDuplexYear Built1916ZoningLAR2CountyLOS ANGELESAPN5054-035-015

Schools near 2943 Walton Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
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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2943 Walton Avenue is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on August 17, 2024 by Keller Williams Larchmont, it's currently listed at $1,599,000. It has been on the market for a total of 96 days and was last sold on May 20, 2020. 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. 2943 Walton Avenue is a 8-bed, 4-bath, 2,858 sqft multi-family home built in 1916.

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 Keller Williams Larchmont, Peter Oh, DRE #01925937; Keller Williams Larchmont, Myron Bang, DRE #01994820

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.