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$ 1,895,000
Est. payment /mo
Price Dropped by $90K
2917 Walton Los Angeles, CA 90007
6,250 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26119234
HOA Y/N No
Year Built 1926
Lot Size 6,250 Sqft
Property Sub-Type Apartment
Property Description
Exceptional investment opportunity near USC, offering a 9.57% cap rate and potential to increase NOI through strategic improvements and an adaptable lease structure. Located within walking distance of USC in a highly desirable rental market, this well-maintained five-unit property includes a 4,584 SF fourplex plus a detached single-family residence of approximately 1,100 SF.
The upgraded units are fully leased and supported by a history of strong occupancy. Features include gated parking and on-site laundry for added tenant convenience. The property benefits from its proximity to USC, public transportation, restaurants, shopping, and major neighborhood amenities.
At buyer's request, the property may be delivered vacant, offering flexibility to implement a new leasing strategy and optimize future income. An excellent opportunity for investors seeking stabilized cash flow, value-add potential, and long-term demand in the USC rental corridor. See Agent Remarks for financing options.
The upgraded units are fully leased and supported by a history of strong occupancy. Features include gated parking and on-site laundry for added tenant convenience. The property benefits from its proximity to USC, public transportation, restaurants, shopping, and major neighborhood amenities.
At buyer's request, the property may be delivered vacant, offering flexibility to implement a new leasing strategy and optimize future income. An excellent opportunity for investors seeking stabilized cash flow, value-add potential, and long-term demand in the USC rental corridor. See Agent Remarks for financing options.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Street Lights
Total Parking Spaces 8
Private Pool No
Building
Lot Description Near Public Transit
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5054035020
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Lourdes Galvez Lourdes Galvez, Broker 562-715-6240, DRE #01439834
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