2917 Walton Ave - Apartments FOR SALE


Los Angeles, CA 90007
$1,895,000 USD
626-427-0786
2917 Walton Ave, Los Angeles, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/16
null | 6.83% Cap Rate

2917 Walton Ave
Los Angeles, CA 90007


HIGHLIGHTS

  • Tenant Amenities Include: Gated Entry, On-Site Parking, Laundry Room
  • Located in USC Patrol Zone
  • Two Units To Be Delivered Vacant

OVERVIEW

Kristopher German and Alex Lin of The Apartment Dealer are pleased to present 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.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$413 USD /SF

# OF UNITS

5

PRICE/UNIT

$379,000

CAP RATE

6.83%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

USC Studnt Housing: 6.83% Cap Rate | 126k/Bed

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

LAR4

APN/PARCEL ID

5054-035-020

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.