Listing provided courtesy of Kristopher German of RE/MAX 2000 REALTY. Last updated 2024-11-23 09:11:38.000000. Listing information © 2024 CRMLS.
Asking Price: $2,125,000
2917 Walton, Los Angeles CA 90007
Community: C16 - Mid Los Angeles
Status: Active
This Apartment property was built in 1958 and is priced at $2,125,000. Please see the additional details below.
NEW PRICE! 5.97% Current CAP Rate! 12.5 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 5.94% with a valuation of $111,842 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.