3915 Walton Avenue

Los Angeles, CA 90037

$950,000
Price
6
Beds
4
Baths
3,314 Sq. Ft.
$287 / Sq. Ft.
3,314
Sq. Ft.
$287
per Sq. Ft.

Description

Welcome to this charming Spanish-style fourplex conveniently located near USC, Exposition Park, Lucas Museum, The Coliseum, and BMO Stadium. This property features two lower and two upper units, including two 2-bedroom 1-bath and two 1-bedroom 1-bath apartments. Each spacious unit offers plenty of natural light, high ceilings, and two parking spots. Plus, there's a separate laundry room and kitchen in every unit, along with individual gas and electric meters. With only a few shared walls and two...Welcome to this charming Spanish-style fourplex conveniently located near USC, Exposition Park, Lucas Museum, The Coliseum, and BMO Stadium. This property features two lower and two upper units, including two 2-bedroom 1-bath and two 1-bedroom 1-bath apartments. Each spacious unit offers plenty of natural light, high ceilings, and two parking spots. Plus, there's a separate laundry room and kitchen in every unit, along with individual gas and electric meters. With only a few shared walls and two gated entrances, residents enjoy privacy and peace of mind. Whether you're seeking a personal residence in one or two connected units while garnering rental income from others, or an investor looking to capitalize on the stable income generated by all four current Section 8 tenants, this property presents an enticing opportunity. The neighborhood's popularity among students, coupled with its proximity to USC and the prospect of expanding through neighboring properties, offers both immediate returns and long-term growth potential for discerning investors or developers. Offer subject to inspection, drive-by only. Please do not approach the tenants.
  1. Listed by Anna Kadinowa • DRE #01908285 • Brokerage DRE #01720454 • Christie's AKG
  2. Listed by Kirby Gillon • DRE #01960253 • Brokerage DRE #01720454 • Christie's AKG

Property Details for 3915 Walton Avenue

Zoning
LAR4
Parcel Number
5037020033
Total Units
4.0
Living Area
3314
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
0
Lot Size Area
3582

Location

Listing Courtesy of Christie's AKG, Anna Kadinowa, DRE #01908285; Christie's AKG, Kirby Gillon, DRE #01960253
Add your commute
LISTING UPDATED: 05/04/2024 12:01 AM

Property Details for 3915 Walton Avenue

StatusActive
MLS #24-377211
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.08 AC / 3,582 SF
CountyLos Angeles County

Location

Listing Courtesy of Christie's AKG, Anna Kadinowa, DRE #01908285; Christie's AKG, Kirby Gillon, DRE #01960253
Add your commute

Building Information for 3915 Walton Avenue

Stories-Residences-Year Built1929Building Size-Lot Size0.08 AC / 3,582 SF

Payment Calculator

$5,596 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$411

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3915 Walton Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Quadruplex
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $83,988
  • Net Operating Income: $73,066.00
  • Gross Income: $83,988
  • Cap Rate: 7.34%
  • Gross Rent Multiplier: $11.31
  • Total Annual Expense: 10922.66
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0822
  • Lot Size Square Feet: 3582
Parking Details
Parking Details
  • Parking Garage: Parking Space
  • Total Parking: 8
  • Open Other Spaces Total: 8
  • Parking Features: Parking Space
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-26-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,061.00
  • Unit Actual Rent: $2,061.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,701.00
  • Unit Actual Rent: $1,701.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,790.00
  • Unit Actual Rent: $1,790.00
  • Unit Projected Rent: $1,790.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,447.00
  • Unit Actual Rent: $1,447.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $114,760.00
  • Assessed Improvement Percent: 31.62
  • Assessed Land Value: $248,132.00
  • Assessed Land Percent: 68.38
  • Assessed Total Value: $362,892.00

Property History for 3915 Walton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3915 Walton Avenue

Taxable ValueLand$248,132Additions$114,760Total$362,892
Tax Record2023$4,929 ($411 / month)
Home Facts
Total Finished SqFt3,314 SqFtAbove Grade Finished SqFt3,314 SqFtLot Size3,582 SqFtStyleQuadraplexYear Built1929ZoningLAR4CountyLOS ANGELESAPN5037-020-033

Schools near 3915 Walton Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lenicia B. Weemes Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

USC Hybrid High College Prep
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3915 Walton Avenue is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on April 26, 2024 by Christie's AKG, it's currently listed at $950,000. It has been on the market for a total of 27 days and was last sold on October 16, 2009. This listing's school district is Los Angeles Unified School District. Nearby schools include Lenicia B. Weemes Elementary School, Foshay Learning Center and Manual Arts Senior High School. 3915 Walton Avenue is a 6-bed, 4-bath, 3,314 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Christie's AKG, Anna Kadinowa, DRE #01908285; Christie's AKG, Kirby Gillon, DRE #01960253

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.