2539 Wabash Avenue, Los Angeles, CA 90033
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- MLS#: IV24237273 ( Apartment )
- Street Address: 2539 Wabash Avenue
- Viewed: 3
- Price: $2,900,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1965
- Bldg sqft: 0
- Days On Market: 65
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90033
- Provided by: KELLER WILLIAMS RIVERSIDE CENT
- Contact: RACHAEL RACHAEL
- DMCA Notice
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DescriptionThis 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.
Property Location and Similar Properties
Features
Assessments
- Unknown
Association Fee
- 0.00
Building Area Total
- 10555.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 27
Current Financing
- Conventional
Electric Expense
- 0.00
Fuel Expense
- 3917.00
Garage Rental Rate
- 0.00
Garage Spaces
- 0.00
Improvements Percent
- 29.00
Insurance Expense
- 4621.00
Laundry Equipment Own Lease
- Lease
Laundry Features
- In Carport
- Outside
Laundry Income
- 3805.00
Levels
- Two
Lockboxtype
- None
Lot Features
- Lot 10000-19999 Sqft
Netoperatingincome
- 183587.00
Newtaxesexpense
- 22698.00
Number Of Separate Electric Meters
- 14
Number Of Separate Gas Meters
- 14
Parcel Number
- 5177011040
Parking Features
- Carport
Pest Control Expense
- 600.00
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 427602109:CRM
Taxblock
- 26
Tenant Pays
- Cable TV
- Electricity
- Gas
- Trash Collection
Totalexpenses
- 67574.00
Trash Expense
- 0.00
Water Sewer Expense
- 28238.00
Water Source
- Public
Year Built
- 1965
Year Built Source
- Assessor
Zoning
- LARD1.5