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2928 Walton Ave Los Angeles, CA 90007

$1,650,000 Sold Price as of 09/09/2019

28 Beds
17 Baths
4,212 Sq.Ft.

Sold

$1,650,000 Sold Price as of 09/09/2019 Refinance Your Mortgage

Map preview of 2928 Walton Ave, Los Angeles, CA 90007

Property Overview: 2928 Walton Ave Los Angeles, CA has 28 bedrooms, 17 bathrooms, 4,212 living square feet and 6,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: MAJOR PRICE REDUCTION! SELLERS MOTIVATED!! We are pleased to present this 4-Unit student housing property on the west side of the USC campus. 6.1% CAP and 11.7 GRM on current income and room for upside!The property is comprised of a mix of 1 - 4 Bed / 2 Bath Unit, 2 - 3 Bed / 2 Bath units, and 1 - 2 Bed / 2 Bath unit. The property is approximately 4,212 +/- Sf on a 6,250 +/- Sf lot zoned LARD1.5. The property has been professionally managed for several years and beautifully maintained. This is the perfect turnkey investment for anyone looking to maximize their cash flow!

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA

Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft: 6,250
HOA Dues: $0/mo
Year built: 1910
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19481736
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 4
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $4,685
Total Rent: $4,685
Pro Forma/Market Rent: $4,700

Unit Breakdown 2

# of Units: 2
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,400
Total Rent: $3,348
Pro Forma/Market Rent: $3,400

Unit Breakdown 3

# of Units: 3
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,058
Total Rent: $1,058
Pro Forma/Market Rent: $2,500

Unit Breakdown 4

# of Units: 4
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,296
Total Rent: $3,296
Pro Forma/Market Rent: $3,400

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 6.1%
Gross Rent Multiplier: 11.7
Gross Scheduled Income: --
Net Operating Income: $106,265
Gross Operating Income: $151,068
Improvements Total: $343,278

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2928 Walton Ave

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Kitchen Information

Has Appliances
Disposal

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Detached Carport

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 4
Parcel Number: 5054036011

Location / Neighborhood

Location Information

Directions: Use Google maps from current location to subject property.

View more facts & features

Local Los Angeles Agent

Sale History for 2928 Walton Ave

Last sold for $1,650,000 on September 9th, 2019

September, 2019
Sep 9, 2019

Date

Sold

CRMLS: 19481736

$1,650,000

Price
Jul 29, 2019

Date

Pending

CRMLS: 19481736

$1,775,000

Price
Jul 9, 2019

Date

Price Change

CRMLS: 19481736

$1,775,000

Price
Jun 25, 2019

Date

Active

CRMLS: 19481736

$1,900,000

Price
September, 2019
Sep 5, 2019

Date

Sold (Public Records)

Public Records

$1,675,000

Price
September, 2014
Sep 19, 2014

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2928 Walton Ave

Assessed Value (2020): $1,675,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,200,000	$475,000	$1,675,000

Home Value Compared to the Market

This property vs the competition

2928 Walton Ave sold on September 9, 2019 for 49.16% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $421.42 per/sqft which puts the price per square foot 44.18% lower than the current median sale per square foot for the city of Los Angeles.

About 2928 Walton Ave

Detailed summary of property

2928 Walton Ave is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 28 bedrooms, 17 bathrooms, roughly 4,212 living square feet, and sits on an approximately 6,250 square foot lot. 2928 Walton Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,650,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 49.16% higher than the current median priced home. Local homes that are currently for sale include 2005 Magnolia Ave, 3913 S Budlong Ave and 1399 W 39th St. While the average home in Los Angeles, CA is selling in 92 days, 2928 Walton Ave has a days on market of 35 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2928 Walton Ave Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2928 Walton Ave

Public county record property details

Beds: 4
Baths: 4
Year built: 1910
Sq. Ft.: 4,212
Lot Size: 6,250
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 82
APN: 5054-036-011

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,198,999

Median List Price/Sq.Ft.

$616

Median Sold Price

$710,000

Median Sold Price/Sq.Ft.

$645

Total Inventory

Median Sale to List Price %

94.79%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Homes for Sale Near 2928 Walton Ave

Nearby Homes for Sale

Recently Sold Homes Near 2928 Walton Ave

2908-2910 S Budlong Ave, Los Angeles, CA 90007

$830,000 Last Sold Price

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2922 S Budlong Ave, Los Angeles, CA 90007

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19 Beds

16 Baths

7923 Sq.Ft.

2922 S Budlong Ave
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$1,275,000 Last Sold Price

12 Beds

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2943 Walton Ave
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$1,065,000 Last Sold Price

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.