2917 Walton, Los Angeles, CA 90007
- $1,895,000
- List Price
- $1,895,000
- Price Change
- ▼ $90,000 1784033704
- Status
- ACTIVE
- MLS#
- DW26119234
- Year Built
- 1926
- Lot Size
- 6,253
- Acres
- 0.14
- Lot Location
- Near Public Transit
- Days on Market
- 66
- Property Type
- Multifamily
- 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.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $207,600
- Operating Expense
- 26230
Listing courtesy of Listing Agent: Lourdes Galvez (galvezlourdes@yahoo.com) from Listing Office: Lourdes Galvez, Broker.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.