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2943 Walton Ave Los Angeles, CA 90007

$1,275,000 Sold Price as of 05/20/2020

12 Beds
6 Baths
2,858 Sq.Ft.

Sold

$1,275,000 Sold Price as of 05/20/2020 Refinance Your Mortgage

Map preview of 2943 Walton Ave, Los Angeles, CA 90007

Property Overview: 2943 Walton Ave Los Angeles, CA has 12 bedrooms, 6 bathrooms, 2,858 living square feet and 8,100 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 6.5% CAP on Actual! This is an excellent investment opportunity for someone interested in student housing! The subject property is a beautifully restored Victorian home that has a total of 8 Bedrooms and 4 Bathrooms with monthly rent of $9,334. The house is split into two units with one unit on the ground floor and the other unit on the second level. Each unit contains 4 bedrooms and 2 bathrooms. The house was completely renovated in 2010 that included upgrading the kitchen, installing hardwood floors, central A/C,a large front porch, second story balcony and much more! There are additional income for parking. The property has been professionally managed for several years and is an established student housing location. DO NOT DISTURB TENANTS! DRIVE BY ONLY! **This Property can be purchase along with 1460 W 28th St, Los Angeles. CA as a portfolio sale. Please contact listing agent for more information.**

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA

Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft: 8,100
HOA Dues: $0/mo
Year built: 1916
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20564724
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 4
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $4,394
Total Rent: $4,394
Pro Forma/Market Rent: $4,750

Unit Breakdown 2

# of Units: 2
# of Beds: 4
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $4,940
Total Rent: $4,940
Pro Forma/Market Rent: $4,750

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 11.04
Gross Scheduled Income: --
Net Operating Income: $81,169
Gross Operating Income: $113,208

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2943 Walton Ave

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Kitchen Information

Has Appliances
Dishwasher, Disposal, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Driveway, Street

Property Information

Total # of Units: 2
Parcel Number: 5054035015

Location / Neighborhood

Location Information

Directions: Refer to Google Maps or Waze.

View more facts & features

Local Los Angeles Agent

Sale History for 2943 Walton Ave

Last sold for $1,275,000 on May 20th, 2020

April, 2021
Apr 2, 2021

Date

Sold

CRMLS: 20564724

$1,275,000

Price
Mar 24, 2020

Date

Active Under Contract

CRMLS: 20564724

$1,250,000

Price
Mar 17, 2020

Date

Active

CRMLS: 20564724

$1,250,000

Price
May, 2020
May 20, 2020

Date

Sold (Public Records)

Public Records

$1,275,000

Price
July, 2017
Jul 10, 2017

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2943 Walton Ave

Assessed Value (2020): $619,644

Year	Land Value	Improved Value	Assessed Value
2020	$354,084	$265,560	$619,644

Home Value Compared to the Market

This property vs the competition

2943 Walton Ave sold on May 20, 2020 for 5.04% 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 $437.37 per/sqft which puts the price per square foot 42.07% lower than the current median sale per square foot for the city of Los Angeles.

About 2943 Walton Ave

Detailed summary of property

2943 Walton Ave is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 12 bedrooms, 6 bathrooms, roughly 2,858 living square feet, and sits on an approximately 8,100 square foot lot. 2943 Walton Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,275,000. 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 5.04% higher than the current median priced home. Local homes that are currently for sale include 1275 W 37th Dr, 1766 W 25th St and 1492 W 35th Pl. While the average home in Los Angeles, CA is selling in 92 days, 2943 Walton Ave has a days on market of 6 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 2943 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 2943 Walton Ave

Public county record property details

Beds: 4
Baths: 3
Year built: 1916
Sq. Ft.: 2,858
Lot Size: 8,099
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 73,74
APN: 5054-035-015

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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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.