New Price: 6.43% CAP Rate! 100% USC Students! | 2917 Walton Ave
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New Price: 6.43% CAP Rate! 100% USC Students! 2917 Walton Ave
5 Unit Apartment Building $2,827,753 CAD ($565,551 CAD/Unit) 6.43% Cap Rate Los Angeles, CA 90007
Investment Highlights
- 19 Beds in 15 Bedrooms
- 4,584, Rental Sq. Ft. | 6,251 Sq. Ft. Lot
- (1) 3-Bed/2-Bath Detached SFR with Patio & (4) 3-Bed/2-Bath Units
- Two Units To Be Delivered Vacant
- Located in USC Patrol Zone
- Tenant Amenities Include: Gated Entry, On-Site Parking, Laundry Room
Executive Summary
JUST REDUCED! 6.43% Current CAP Rate! 11.79 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 6.43% with a valuation of $133,000 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.
Two of the units will be delivered vacant at the close of escrow. The current cap rate is 6.43% with a valuation of $133,000 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 Facts
| Price | $2,827,753 CAD | Apartment Style | Low Rise |
| Price Per Unit | $565,551 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.43% | Building Size | 4,584 SF |
| Gross Rent Multiplier | 11.79 | Average Occupancy | 60% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.75/1,000 SF |
| Price | $2,827,753 CAD |
| Price Per Unit | $565,551 CAD |
| Sale Type | Investment |
| Cap Rate | 6.43% |
| Gross Rent Multiplier | 11.79 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,584 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.75/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 5 | - | - |
Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 5054-035-020 | Improvements Assessment | $194,831 CAD |
| Land Assessment | $555,283 CAD | Total Assessment | $750,114 CAD |
PROPERTY TAXES
Parcel Number
5054-035-020
Land Assessment
$555,283 CAD
Improvements Assessment
$194,831 CAD
Total Assessment
$750,114 CAD
zoning
| Zoning Code | LAR4 (Multiple Dwelling) |
| LAR4 (Multiple Dwelling) |
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New Price: 6.43% CAP Rate! 100% USC Students! | 2917 Walton Ave
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