2539 Wabash Avenue

Los Angeles, CA 90033

$2,900,000
Price
26
Beds
14
Baths
10,555 Sq. Ft.
$275 / Sq. Ft.
10,555
Sq. Ft.
$275
per Sq. Ft.
an aerial view of a swimming pool with outdoor seating
a view of balcony
a view of entryway with outdoor area
a view of an entryway
a view of walk in closet
a view of outdoor space with seating area
an aerial view of residential houses with outdoor space
an aerial view of a house with outdoor space
a view of a cars park in front of a building
a room with storage and utility
a view of entryway
a potted plant sitting in front of a building
an aerial view of residential houses with outdoor space
a aerial view of a house with a yard and a large tree
an aerial view of a house with a yard
an aerial view of residential house with parking
an aerial view of a house with a garden
an aerial view of a house with a backyard
an aerial view of residential houses with outdoor space
a view of balcony with furniture and wooden floor
an aerial view of a houses with yard
an aerial view of a house with a yard
an aerial view of residential houses with outdoor space
an aerial view of a house with a yard
an aerial view of residential houses with outdoor space

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...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.
  1. Listed by RACHAEL NOL • DRE #01963611 • Brokerage DRE #01861149 • KELLER WILLIAMS RIVERSIDE CENT • 951-848-5188

Property Details for 2539 Wabash Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
14.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
10555
Assessor Parcel Number
5177-011-040
Property Attached YN
true
LISTING UPDATED: 11/21/2024 03:44 AM

Property Details for 2539 Wabash Avenue

StatusActive
MLS #IV24237273
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
CountyLos Angeles County

Building Information for 2539 Wabash Avenue

Building/Complex2539 Wabash AveFloor-Stories2Residences-Pet Policy-Year Built1965Building Size-

Property Information for 2539 Wabash Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $420,000
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $251,160
  • Net Operating Income: $183,587
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $3,805
  • Cap Rate: 6.2
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $67,573
  • New Taxes Expense: $22,698
  • Fuel Expense: $3,917
  • Licenses Expense: $1,500
  • Pest Control Expense: $600
  • Electric Expense: $0
  • Insurance Expense: $4,621
  • Maintenance Expense: $6,000
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $28,238
  • Total Expenses: $67,574
Tax / Assessment Info
  • Tax Block: 26
  • Tax Tract Number: 203...
  • Tax Census Tract: 2032.00
  • CFD/Mello-Roos Fee: $1,801
  • Tax Lot: 26
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Carport, Outside
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 14
  • Improvements Percent: 29.00%
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,928
  • Unit Type Total Rent: $1,928
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $986
  • Unit Type Total Rent: $1,972
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,162
  • Unit Type Total Rent: $1,162
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 13
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,824
  • Unit Type Total Rent: $1,824
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $674
  • Unit Type Total Rent: $674
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,025
  • Unit Type Total Rent: $1,025
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 5
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,292
  • Unit Type Total Rent: $2,292
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 6
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,031
  • Unit Type Total Rent: $1,031
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 7
Unit 12
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,085
  • Unit Type Total Rent: $1,085
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 8
Unit 13
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $986
  • Unit Type Total Rent: $986
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 14
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1

Property History for 2539 Wabash Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2539 Wabash Avenue

Taxable ValueLand$489,342Additions$1,287,757Total$1,777,099
Tax Record2024$23,121 ($1,927 / month)
Home Facts
Total Finished SqFt10,555 SqFtAbove Grade Finished SqFt10,555 SqFtLot Size12,804 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLARD1.5CountyLOS ANGELESAPN5177-011-040

Schools near 2539 Wabash Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Evergreen Avenue Elementary School
Public - K to 6
Extera Public Schools
Charter - K to 8
East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2
Public - 9 to 12
Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4
Public - 9 to 12
Rating
School
Distance
Evergreen Avenue Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2
Public9 to 12

Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2539 Wabash Avenue, Los Angeles, CA 90033

2539 Wabash Avenue is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on November 19, 2024 by KELLER WILLIAMS RIVERSIDE CENT, it's currently listed at $2,900,000. It has been on the market for a total of 12 days and was last sold on June 25, 2007. This listing's school district is Los Angeles Unified School District. Nearby schools include Evergreen Avenue Elementary School, Extera Public Schools and East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2. 2539 Wabash Avenue is a 26-bed, 14-bath, 10,555 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS RIVERSIDE CENT, RACHAEL NOL, DRE #01963611

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.