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.
Property Details
Price:
$2,900,000
MLS #:
IV24237273
Status:
Active
Baths:
0
Address:
2539 Wabash Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Nov 19, 2024
State:
CA
ZIP:
90033
Lot Size:
12,808 sqft / 0.29 acres (approx)
Year Built:
1965
Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
Lot 10000-19999 Sqft
Parking Features
Carport
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas, Trash Collection
Map
Contact Us
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Courtesy of KELLER WILLIAMS RIVERSIDE CENT. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2539 Wabash Avenue
Los Angeles, CA
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