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2539 Wabash Avenue

Los Angeles (City), CA 90033
  • $2,500,000
  • STATUS: Active
  • ON SITE: 160 Days
  • MLS #: IV24237273
UPDATED: 39 min ago
$2,500,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Listing Agent(s): Rachael Nol of KELLER WILLIAMS RIVERSIDE CENT (951-776-5700)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T19:35:05.183. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/158065588
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2539 Wabash Avenue Los Angeles (City), CA 90033

  • Price: $2,500,000
  • Status: Active
  • On Site: 160 Days
  • Updated: 39 min ago
  • MLS #: IV24237273
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1965
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
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.
Exterior Features

Carport YN Yes Entry Level 1 Entry Location 1 Number Of Separate Electric Meters 14 Parking Features Carport Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.2 Common Interest Community Apartment Community Features Sidewalks Contingency Potential Seller 1031 Current Financing Conventional Electric Expense 0 Fuel Expense 3917 Garage YN No Gross Income 0 Gross Scheduled Income 420000 Insurance Expense 4621 Land Lease YN No Laundry Features In CarportOutside Lease Term Month To Month Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 6000 Net Operating Income 183587 New Construction YN No New Taxes Expense 22698 Number Of Separate Gas Meters 14 Number Of Separate Water Meters 1 Number Of Units Leased 14 Operating Expense 67573 Pest Control Expense 600 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGasTrash Collection Trash Expense 0 Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 28238 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T19:35:05.183. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Rachael Nol of KELLER WILLIAMS RIVERSIDE CENT (951-776-5700)