3416-3418.5 Walton Avenue
Multifamily | 4 Units | $375,000/unit
Marketing description
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 4-unit, 13-Bedroom student housing community located at 3416-3418.5 Walton Avenue, Los Angeles, CA 90007. The property is situated south of Jefferson Boulevard and west of Vermont Avenue, within the USC Patrol Zone.
The property is just 0.4 miles from the USC campus, giving students easy walking or biking access to classes, libraries, and campus amenities. The surrounding neighborhood offers a walkable mix of cafés, restaurants, and everyday conveniences that cater to student life. Residents also benefit from proximity to the Los Angeles Memorial Coliseum, Exposition Park, and strong public transit connections — including the I-10 and I-110 Freeways — for easy access to Downtown Los Angeles and the broader metro area.
Situated on a 5,720-square-foot RD2-1-CPIO-zoned lot, the property presents a significant value-add opportunity for investors. The buyer can potentially add three 4-Bedroom/4-Bathroom ADUs and one 2-Bedroom/2-Bathroom ADU, transforming the asset into an 8-unit, 27-bed USC student housing community.
3416-3418.5 Walton Avenue presents investors with an opportunity to acquire and expand a well-positioned USC student housing community within the sought-after USC Patrol Zone.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
The subject property is being offered in conjunction with the adjacent parcel located at 3417 South Catalina Avenue. Together, these offerings provide investors with enhanced flexibility to pursue a range of development and value-add strategies. The properties are available for acquisition individually or together.
Investment highlights
- USC PATROL ZONE LOCATION - Highly coveted student-housing geography with durable rental demand fundamentals
- SIGNIFICANT ADU DEVELOPMENT POTENTIAL - 5,720 SF lot supports the addition of (3) 4Bd/4Ba ADUs and (1) 2Bd/2Ba ADU, potentially transforming the property into an 8-unit, 27-bed student housing community (Buyer to verify)
- PROXIMITY TO USC & DOWNTOWN LA - Within walking distance to USC, popular cafés, restaurants, and entertainment venues, and minutes from Downtown Los Angeles, the Coliseum, and Exposition Park
- STRONG FUTURE OUTLOOK – 2028 SUMMER GAMES - Los Angeles will host the 2028 Summer Games, which is expected to have a significant impact on the city's real estate market, including infrastructure upgrades, neighborhood improvements, and significant enhancements to nearby venues such as the LA Coliseum, Crypto.com Arena, and BMO Stadium
- REGULATORY RESILIENCE COMPARED TO TRADITIONAL MULTIFAMILY - The recent LA City Council action to reduce allowable rent increases on RSO units should have minimal impact on student housing properties near USC, which typically benefit from turnover every school year and rental rates adjusting to market-rate
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