Welcome 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)… Read More 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. Read Less
Courtesy of Iconic Investments 747-444-3300
Listing Snapshot
Days Online
45
Last Updated
Property Type
Other
Beds
5
Square Ft.
1,654
Lot Size
0.14 Acres
Year Built
1923
MLS Number
25553859
Additional Details
Appliances & Equipment
Gas/Electric Range, Microwave, Dryer, Dishwasher, Ceiling Fan, Gas Dryer Hookup, Hood Fan, Microwave, Range/Oven, Refrigerator, Vented Exhaust Fan, Washer, Water Line to Refrigerator
Building
1,654 sq ft, Built in 1923, Levels: Two, Detached/No Common Walls, Craftsman
Cooling
Wall/Window, Wall Unit(s)
Disclosures
As Is, Owner Is Listing Agent, Owner Has R.E. License, Rent Control
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