$1,650,000
SOLD SEP 9, 2019

2928 Walton Ave Los Angeles, CA 90007

Adams-Normandie Neighborhood
4 Beds
-- Bath
4,212 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$392 Per Sq Ft

13% Below List Price

35 Days on Market

About This Home

As of September 2019

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!

Last Agent to Sell the Property

Michael Fukushima

Keller Williams Downtown LA Listed on: 06/24/2019

Last Buyer's Agent

Stephen F. Watson

Keller Williams Downtown LA License #01187813

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,644

Year Built

1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1910
  • Price Per Sq Ft: 421.42
  • Unit Type: 1, 2, 3, 4
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment: Ceiling Fan, Garbage Disposal, Microwave, Range/Oven
  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Living Area: 4212

Exterior Features

  • Stories: 2

Garage/Parking

  • Garage Details: Carport Detached
  • Total Parking: 6

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Zoning: LARD1.5
  • Assessor Parcel Number: 5054-036-011
  • Lot Size Area: 6250
  • Assessed Improvement Value: 343278
  • Assessed Land Value: 528122

Multi Family

  • Gross Rent Multiplier: 11.70
  • Number Of Units: 4
  • Total Annual Expense: 44803
  • Type Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2022
Sold by
Litov Family Trust
Bought by
Litov Brandon and Litov Tamar
Current Estimated Value
$2,004,333

Purchase Details

Closed on
Aug 13, 2021
Sold by
Stein Brandon and Stein Tamar Litov
Bought by
Stein Brandon and Stein Tamar Litov

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 24, 2019
Closed on
Sep 3, 2019
Sold by
2928 Llc
Bought by
Stein Brandon and Stein Tamar Litov
Seller's Agent
Michael Fukushima
Keller Williams Downtown LA
Buyer's Agent
Stephen F. Watson
Keller Williams Downtown LA
List Price
$1,900,000
Sold Price
$1,650,000
Premium/Discount to List
-$250,000
-13.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.47%
Original Mortgage
$1,256,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2014
Sold by
Abe Darren K
Bought by
2928 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2014
Sold by
Zom Properties Llc
Bought by
Abe Darren K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2013
Closed on
Oct 8, 2013
Sold by
Deutsche Bank National Trust Company
Bought by
956 Llc
Seller's Agent
William Hogue
Coldwell Banker Realty
Buyer's Agent
Carol Hogue
Coldwell Banker Realty
List Price
$592,250
Sold Price
$561,300
Premium/Discount to List
-$30,950
-5.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.02%

Purchase Details

Closed on
Aug 1, 2013
Sold by
Vargas Luis Fernando
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Dec 10, 2010
Sold by
Galeano Lucia
Bought by
Galeano Lucia and Vargas Luis Fernando

Purchase Details

Closed on
Nov 5, 2010
Sold by
Vargas Luis Fernando
Bought by
Galeano Lucia and Vargas Luis Fernando

Purchase Details

Closed on
Jun 26, 2008
Sold by
Lindner Doerle
Bought by
Vargas Luis Fernando

Purchase Details

Closed on
Mar 29, 2007
Sold by
Vargas Luis Fernando
Bought by
Lindner Doerte

Purchase Details

Closed on
Dec 21, 2005
Sold by
Parada Jose R
Bought by
Vargas Luis Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 21, 2004
Sold by
Alvarado Luis A
Bought by
Parada Jose R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,500
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2003
Sold by
Molina Jose
Bought by
Alvarado Luis A and Alvarado William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,235
Interest Rate
5.83%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 12, 1999
Sold by
Gutierrez Marlon
Bought by
Molina Jose

Purchase Details

Closed on
Dec 21, 1998
Sold by
Kim Soo Mi
Bought by
Dependable Housing Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,670
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 7, 1998
Sold by
Dependable Housing Inc
Bought by
Molina Jose and Gutierrez Marlon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,670
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 1997
Sold by
California Federal Bank
Bought by
Kim Soo Mi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,000
Interest Rate
7.23%

Purchase Details

Closed on
Dec 18, 1997
Sold by
Park Chul Se
Bought by
Kim Soo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,000
Interest Rate
7.23%

Purchase Details

Closed on
Sep 12, 1997
Sold by
Andrade Jose A
Bought by
California Federal Bank and First Nationwide Bank Fsb

Purchase Details

Closed on
Apr 21, 1997
Sold by
Andrade Jose A
Bought by
New Haven Corp
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Gift Deed -- Jeffer Mangels Butler & Mitche
Interfamily Deed Transfer -- Orange Coast Title
Interfamily Deed Transfer -- Orange Coast Title
Grant Deed $1,675,000 Fidelity National Title Co
Grant Deed -- None Available
Grant Deed $825,000 North American Title Co Inc
Grant Deed $561,500 Ticor Title Riverside
Trustee Deed $570,447 Accommodation
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed $844,000 Financial Title
Grant Deed $495,000 Chicago Title Company
Grant Deed $379,000 California Title Company
Gift Deed -- --
Grant Deed -- First American Title Co
Grant Deed $285,000 First American Title Co
Grant Deed $130,000 First American Title Co
Gift Deed -- First American Title Co
Trustee Deed $114,750 Fidelity National Title Ins
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,240,000 New Conventional
Previous Owner $1,256,250 New Conventional
Previous Owner $26,650,000 Commercial
Previous Owner $26,000,000 Commercial
Previous Owner $618,750 New Conventional
Previous Owner $374,060 Unknown
Previous Owner $650,000 Fannie Mae Freddie Mac
Previous Owner $108,880 Stand Alone Second
Previous Owner $59,000 Credit Line Revolving
Previous Owner $445,500 Purchase Money Mortgage
Previous Owner $354,235 FHA
Previous Owner $354,235 FHA
Previous Owner $48,000 Stand Alone Second
Previous Owner $282,670 FHA
Previous Owner $131,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2019 09/09/19 Sold $1,650,000 -7.0% $392 / Sq Ft
07/29/2019 07/29/19 Pending -- -- --
07/09/2019 07/09/19 Price Changed $1,775,000 -6.6% $421 / Sq Ft
06/24/2019 06/24/19 For Sale $1,900,000 +238.5% $451 / Sq Ft
11/22/2013 11/22/13 Sold $561,300 -5.2% $133 / Sq Ft
09/27/2013 09/27/13 Pending -- -- --
08/05/2013 08/05/13 For Sale $592,250 -- $141 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,644 $1,787,758 $1,273,458 $514,300
2024 $21,644 $1,752,705 $1,248,489 $504,216
2023 $21,739 $1,760,722 $1,261,413 $499,309
2022 $20,736 $1,726,199 $1,236,680 $489,519
2021 $20,471 $1,692,353 $1,212,432 $479,921
2020 $20,680 $1,675,000 $1,200,000 $475,000
2019 $11,224 $906,602 $549,457 $357,145
2018 $11,093 $888,827 $538,684 $350,143
2016 $10,582 $854,315 $517,767 $336,548
2015 $10,430 $841,483 $509,990 $331,493
2014 -- $561,000 $400,000 $161,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Michael Fukushima

    Keller Williams Downtown LA

  • S

    Buyer's Agent in 2019

    Stephen F. Watson

    Keller Williams Downtown LA

  • W

    Seller's Agent in 2013

    William Hogue

    Coldwell Banker Realty

    (562) 438-0910

    2 Total Sales

    William Hogue
    Section Image

  • C

    Buyer's Agent in 2013

    Carol Hogue

    Coldwell Banker Realty

    (562) 706-0082

    18 Total Sales

    Carol Hogue
    Section Image
See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 19-481736

California Desert Association of REALTORS®

APN: 5054-036-011

California Los Angeles County Los Angeles 90007 Adams-Normandie

2928 Walton Ave, Los Angeles, CA

This home is located at 2928 Walton Ave, Los Angeles, CA 90007 and is currently priced at $1,650,000, approximately $391 per square foot. This property was built in 1910. 2928 Walton Ave is a home located in Los Angeles County with nearby schools including Vermont Avenue Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes