2 months on rocket

2917 Walton Ave, Los Angeles, CA, 90007

$2,125,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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2917 Walton Ave, Los Angeles$2,125,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
Year Built1958
MLS #CV24195870
Lot Size0.14 Acres
StatusActive

About 2917 Walton Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1958
  • Stories: 2

Listing Office:

  • Office Name: RE/MAX 2000 REALTY
  • Office Phone: (909) 645-0443
  • Listing Agent: Kristopher German

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Other

Directions Information:

  • Directions: South of I-10, West of I-110; Near the Intersection of W 29th St & Walton Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,125,000

Tax Information:

  • Annual Amount: $6,575
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

2917 Walton Ave vs Los Angeles

62 DAYS ON ROCKET

+24 Days

$2,125,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #CV24195870

Listing Office:

  • Office Name: RE/MAX 2000 REALTY
  • Office Phone: (909) 645-0443
  • Listing Agent: Kristopher German

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 06, 2004Home Sold
$385,000
Jul 29, 1997Home Sold
$180,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,575$505,840
2020$6,389$500,506
2019$6,257$490,693
2018$6,131$481,072
2017$6,131$471,640

History based on county public records data.

Payment Calculator

$10.6K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,437

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-524025
3
/10

  • John W. Mack Elementary

  • 3020 S Catalina St

  • 0.14 miles

  • Public District Grades KG-5

school-card-donut-524026
6
/10

  • Vermont Avenue Elementary

  • 1435 W 27th St

  • 0.23 miles

  • Public District Grades KG-5

school-card-donut-524027
3
/10

  • STEM Preparatory Elementary School

  • 1374 W 35th St

  • 0.37 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,615. Typical income of Los Angeles, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2917 Walton Ave

What is the listing price of this property?

The listing price of 2917 Walton Ave property is $2,125,000.

What type of property is this?

The property 2917 Walton Ave is a condo located in Los Angeles, California, 90007.

Is this property for sale now?

Active Listing: 2917 Walton Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,575 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 6, 2004 for $385,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 2917 Walton Ave is 1958.

Rocket Homes›California›Los Angeles County›Los Angeles›90007›2917 Walton Ave

This home is located at 2917 Walton Ave in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This home, which was built in 1958, sits on a 0.14 acre lot. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $2,125,000.

In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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