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$ 2,300,000
$ 2,500,000 8.0%
Est. payment /mo
Sold on 05/21/2025
2539 Wabash AVE Los Angeles, CA 90033
0.29 Acres Lot
UPDATED:
Key Details
Sold Price $2,300,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV24237273
Year Built 1965
Lot Size 0.294 Acres
Property Sub-Type Apartment
Property Description
This 14-unit multifamily building in desirable Boyle Heights neighborhood presents a prime investment opportunity. Sitting on a spacious 12,808 sq ft lot, the property offers a strategic location with easy access to Downtown Los Angeles. Residents enjoy convenient access to major freeways and a variety of local shops and restaurants. The building consists of all 2-bedroom, 1-bath units, with 4 units recently remodeled. All units are separately metered for electricity and gas, tenants are also responsible for their trash. The property boasts 100% occupancy, with stable tenants and minimal turnover. Parking is abundant, with 13 of the 14 units having assigned parking spaces. Additionally, an on-site laundry facility adds convenience for residents. This property provides strong cash flow, excellent long-term potential, and is an ideal addition to any investment portfolio.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LARD1.5
Interior
Laundry In Carport, Outside
Exterior
Parking Features Carport
Pool None
Community Features Sidewalks
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Listed by RACHAEL NOL • KELLER WILLIAMS RIVERSIDE CENT • 951-848-5188
Bought with DAVID MEDINA • AFD REALTY, INC.
Bought with DAVID MEDINA • AFD REALTY, INC.