JUST REDUCED! 6.83% Current CAP Rate! 11.20 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 6.83% and GRM is 11.20 with a valuation of $126,333 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.
Property Details
Price:
$1,895,000
MLS #:
CV24195870
Status:
Active
Baths:
0
Address:
2917 Walton Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Sep 20, 2024
State:
CA
ZIP:
90007
Lot Size:
6,251 sqft / 0.14 acres (approx)
Year Built:
1958
Schools
Interior
Exterior
Community Features
Curbs, Gutters, Sidewalks
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Contact Us
Mortgage Calculator
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2917 Walton Avenue
Los Angeles, CA
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