Seller's Agent in 2025
Hooman Ghaffari
Iconic Investments
(310) 993-7600
1 in this area
5 Total Sales
3425 Walton Ave Los Angeles, CA 90007
Exposition Park Neighborhood
5
Beds
2
Baths
1,654
Sq Ft
6,225
Sq Ft Lot
Highlights
- Craftsman Architecture
- Covered Patio or Porch
- Laundry Room
- Wood Flooring
- Double Pane Windows
- Ceiling Fan
About This Home
As of August 2025Welcome to 3425 & 3425 1/2 Walton Avenue, a fully renovated Craftsman-style duplex just 2 blocks from USC and inside the USC DPS patrol zone. Set on a 6,225 sq ft RD2-zoned lot with TOC Tier 3 density bonus, the site offers potential for 8+ units with ADUs (24+ bedrooms) market rate or 35+ units 100% affordable ED1 (buyer to verify). This high-quality investment offers strong immediate cash flow, future development upside, and long-term appreciation in a prime student housing neighborhood. The property features two separate homes: a spacious 4+1 front house and a 1+1 rear unit, both upgraded with laminate/hardwood floors, modern kitchens and baths, copper plumbing, updated electrical and HVAC, and in-unit laundry. There's also off-street parking for up to 6 cars. Can be delivered 100% vacant or Pre-leased for the 2025-26 school year with Front house at $4,150/month and Back unit at $1,895/month. Tenants pay electric, gas, and trash. Owner pays water/sewer, taxes, and insurance. Live in one unit and rent the other, lease both for passive income, or build new in a high-demand rental market. Zoned RD2 with TOC Tier 3, the site offers excellent potential for 8+ units with ADUs (24+ bedrooms) or up to 35+ units if 100% affordable under ED1 (buyer to verify). Just minutes from Exposition Park, the LA Memorial Coliseum, Lucas Museum, and DTLA, this is a rare chance to own a versatile, income-producing asset in one of LA's most strategic locations. Listing agent holds a direct ownership interest in the property.
Last Agent to Sell the Property
Iconic Investments License #01229985 Listed on: 06/18/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,279
Year Built
- Built in 1923
Lot Details
- 6,225 Sq Ft Lot
- Lot Dimensions are 49x127
- East Facing Home
- Gated Home
- Drip System Landscaping
- Property is zoned LARD2
Home Design
- Craftsman Architecture
- Raised Foundation
- Copper Plumbing
Interior Spaces
- 1,654 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
- Security Lights
Kitchen
- Oven or Range
- Gas and Electric Range
- Microwave
- Water Line To Refrigerator
- Dishwasher
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
- Low Flow Toliet
- Shower Only
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 6 Parking Spaces
- Driveway
Outdoor Features
- Covered Patio or Porch
Utilities
- Cooling System Mounted In Outer Wall Opening
- Cooling System Mounted To A Wall/Window
- Vented Exhaust Fan
- Heating System Mounted To A Wall or Window
- Property is located within a water district
- Gas Water Heater
- Sewer in Street
Community Details
- 2 Units
- Rent Control
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- The owner pays for water, gardener
- Assessor Parcel Number 5040-019-025
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 25, 2018
Sold by
Ghaffari Hooman and Ghaffari Erika
Bought by
Ghaffari Hooman and Ghaffari Erika
Purchase Details
Closed on
Mar 10, 2016
Sold by
Ghaffari Hooman and Ghaffari Erika
Bought by
Ghaffari Hooman and Ghaffari Erika
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.79%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 30, 2015
Closed on
Feb 22, 2015
Sold by
Nicholson Evangeline Wade
Bought by
Ghaffari Hooman and Ghaffari Erika
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Hooman Ghaffari
Iconic Investments
List Price
$499,000
Sold Price
$490,000
Premium/Discount to List
-$9,000
-1.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.92%
Original Mortgage
$392,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 4, 2002
Sold by
Nicholson Anthony Ira
Bought by
Nicholson Evangeline Wade
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
8.5%
Purchase Details
Closed on
Mar 6, 1995
Sold by
Mortgage Mart Inc
Bought by
Nicholson Anthony Ira and Nicholson Evangeline Wade
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,910
Interest Rate
8.51%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 10, 1994
Sold by
Daum Martha N
Bought by
Mortgage Mart Inc
Purchase Details
Closed on
Jan 21, 1994
Sold by
The Argus Group
Bought by
Transworld Bank
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Wfg Title Company | |
| Grant Deed | $490,000 | Usa National Title Co | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Grant Deed | $148,500 | First American Title Company | |
| Trustee Deed | $66,000 | -- | |
| Trustee Deed | $48,300 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $422,195 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $390,000 | New Conventional | |
| Closed | $392,000 | Purchase Money Mortgage | |
| Previous Owner | $543,000 | Balloon | |
| Previous Owner | $380,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $71,250 | Stand Alone Second | |
| Previous Owner | $351,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $297,500 | Unknown | |
| Previous Owner | $20,000 | Credit Line Revolving | |
| Previous Owner | $212,500 | No Value Available | |
| Previous Owner | $145,910 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | Sold | $935,000 | -6.4% | $565 / Sq Ft |
| 07/10/2025 07/10/25 | Pending | -- | -- | -- |
| 06/18/2025 06/18/25 | For Sale | $999,000 | 0.0% | $604 / Sq Ft |
| 12/16/2024 12/16/24 | Off Market | $4,000 | -- | -- |
| 10/21/2024 10/21/24 | For Rent | $4,000 | 0.0% | -- |
| 02/28/2015 02/28/15 | Sold | $490,000 | -1.8% | $296 / Sq Ft |
| 01/30/2015 01/30/15 | Pending | -- | -- | -- |
| 01/30/2015 01/30/15 | For Sale | $499,000 | -- | $302 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $7,279 | $588,898 | $360,551 | $228,347 |
| 2024 | $7,279 | $577,352 | $353,482 | $223,870 |
| 2023 | $7,145 | $566,032 | $346,551 | $219,481 |
| 2022 | $6,823 | $554,934 | $339,756 | $215,178 |
| 2021 | $6,733 | $544,054 | $333,095 | $210,959 |
| 2020 | $6,800 | $538,476 | $329,680 | $208,796 |
| 2019 | $6,537 | $527,918 | $323,216 | $204,702 |
| 2018 | $6,430 | $517,568 | $316,879 | $200,689 |
| 2017 | $6,294 | $507,420 | $310,666 | $196,754 |
| 2016 | $6,145 | $497,472 | $304,575 | $192,897 |
| 2015 | $2,606 | $207,523 | $146,738 | $60,785 |
| 2014 | $2,628 | $203,459 | $143,864 | $59,595 |
Source: Public Records
Agents Affiliated with this Home
-
Hooman Ghaffari
-
Qian Wei Cindy
Buyer's Agent in 2025
Qian Wei Cindy
Goodview Financial & Real Estate
(408) 930-6177
1 in this area
16 Total Sales
-
L
Seller's Agent in 2015
Leo Nordine
Nordine Realtors, Inc.
Map
Source: The MLS
MLS Number: 25553859
APN: 5040-019-025
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.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
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
- 1238 W 35th St
- 1281 W 35th St
- 1168 W 35th St
- 1269 W 36th St
- 1286 W 35th Place
- 1254 W 36th St
- 1168 W 36th St
- 1438 W 30th St
- 1327 W 35th St
- 3110 Raymond Ave
- 2943 Walton Ave
- 1435 W 30th St
- 2928 S Budlong Ave
- 1349 W 35th Place
- 1452 W Jefferson Blvd
- 2955 Van Buren Place
- 1324 W 30th St
- 2920 Van Buren Place
- 2820 S Budlong Ave
- 1497 W 29th St