3040 Wabash Avenue

Los Angeles, CA 90063

$1,250,000
Price
—
Beds
1,965 Sq. Ft.
$636 / Sq. Ft.
1,965
Sq. Ft.
$636
per Sq. Ft.

Description

Prime Commercial & Residential Opportunity at 3040 Wabash Ave, Los Angeles, CA 90063
Set in the vibrant and rapidly growing neighborhood of East Los Angeles, this unique mixed-use property offers endless potential for both business and residential use. Spanning approximately 1,965 square feet, the front commercial space is perfect for a variety of uses, including retail, office, or light industrial. Currently occupied by a successful bakery, this space features an open layout, soaring ceilings, and
...Prime Commercial & Residential Opportunity at 3040 Wabash Ave, Los Angeles, CA 90063

Set in the vibrant and rapidly growing neighborhood of East Los Angeles, this unique mixed-use property offers endless potential for both business and residential use. Spanning approximately 1,965 square feet, the front commercial space is perfect for a variety of uses, including retail, office, or light industrial. Currently occupied by a successful bakery, this space features an open layout, soaring ceilings, and abundant natural light, making it flexible for any business configuration. The business portion also includes machinery and equipment in the rear, providing turnkey potential for bakery or food production businesses. Detached Residential Unit
Behind the commercial space is a private, detached residential unit offering 3 spacious bedrooms and 1 bathroom, complete with its own dedicated parking space. This creates a seamless live-work environment or an additional rental income stream, adding to the property's appeal. High-Visibility Location & Prime Accessibility
Boasting prime frontage on bustling Wabash Ave, the property enjoys excellent visibility and foot traffic. Its proximity to major highways (I-5, I-10, and US-101) and public transportation further enhances its accessibility, making it a perfect spot for attracting both local and city-wide customers. Whether you're an investor seeking a profitable business space or a buyer looking for a live-work property with income potential, 3040 Wabash Ave is a rare find in one of LA’s most dynamic commercial districts. Don’t miss this exceptional opportunity!
  1. Listed by Cynthia Morales • DRE #02135957 • Nexgen Realtors
  2. Listed by Carolyne Beaulne Seguin • DRE #02001395 • Brokerage DRE #01525571 • RE/MAX TIME REALTY

Property Details for 3040 Wabash Avenue

Total Units
2.0
Business Type
Bakery
Lot Size Source
Assessor
Building Area Total
1965
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Parcel Number
5178002009
LISTING UPDATED: 10/10/2024 09:11 AM

Property Details for 3040 Wabash Avenue

StatusActive
MLS #CV24210233
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1924
Lot Size0.12 AC / 5,200 SF
CountyLos Angeles County

Building Information for 3040 Wabash Avenue

Stories1Residences-Year Built1924Lot Size0.12 AC / 5,200 SF

Property Information for 3040 Wabash Avenue

Income / Expense / Tax Details
Income Details
  • Current Financing: Other
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 0-1 Unit/Acre
  • Land Use: Multi-Family
  • Lease Considered: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,500
  • Unit Type Type: 1
  • Unit Type Description: Front Unit: Bakery
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,320
  • Unit Type Type: 2
  • Unit Type Description: Back Unit: Home
Unit Information
  • Number Of Units Leased: 2
  • Number Of Buildings: 2

Property History for 3040 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 3040 Wabash Avenue

Taxable ValueLand$113,929Additions$77,670Total$191,599
Tax Record2024$2,706 ($226 / month)
Home Facts
Total Finished SqFt1,965 SqFtAbove Grade Finished SqFt1,965 SqFtStories1Lot Size5,200 SqFtStyleOffice BuildingYear Built1924ZoningLAC2CountyLOS ANGELESAPN5178-002-009

Schools near 3040 Wabash Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Evergreen Avenue Elementary School
PublicK to 6

Alliance College-Ready Middle Academy 8
Charter6 to 8

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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3040 Wabash Avenue is a mixed use property for sale in Los Angeles, CA 90063. This property was listed for sale on October 10, 2024 by Nexgen Realtors, it's currently listed at $1,250,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Evergreen Avenue Elementary School, Alliance College-Ready Middle Academy 8 and East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2. 3040 Wabash Avenue is a 0-bed, 0-bath, 1,965 sqft mixed use property built in 1924.

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 Nexgen Realtors, Cynthia Morales, DRE #02135957; RE/MAX TIME REALTY, Carolyne Beaulne Seguin, DRE #02001395

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.