$2,500,000

2539 Wabash Ave Los Angeles, CA 90033

$10,000
Closing credit¹
0.3 acres
Condo

Property details

About 2539 Wabash Ave

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.

Highlights

Home typeCondominium
StatusActive
Lot size0.294 Acres
Year built1965
ParkingCarport
MLS #IV24237273

Summary

  • MLS Number: IV24237273
  • MLS Name: CRMLS
  • Office Name: KELLER WILLIAMS RIVERSIDE CENT
  • Office Phone: (951) 848-5188
  • Listing Agent: RACHAEL NOL

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 5:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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aerial view

$2,500,000

2539 Wabash Ave

$10,000

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Sep 26, 2007
Home Sold
$1,380,000

Tax history

YearAssessmentProperty Tax
2024$1,777,099$23,121
2023$1,742,255$22,698
2022$1,708,094$21,694
2021$1,674,603$21,386
2020$1,657,433$20,776
2019$1,624,936$20,544
2018$1,593,075$20,074
2017$1,561,839$20,074

History based on county public records data.

Nearby schools

5

Evergreen Elementary School

Public District KG-6

0.2 mi

2730 Ganahl St

4

Sheridan Street Elementary School

Public District PK-6

0.4 mi

416 Cornwell St

3

Murchison Street Elementary School

Public District PK-6

0.6 mi

1501 Murchison St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $42,275. Most Los Angeles, CA residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

41%
<35k
51%
35k-100k
8%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

31%
Single, No Kids
25%
Single, with Kids
13%
Married, No Kids
31%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

20%
<11 yrs old
11%
12-17 yrs old
29%
18-34 yrs old
32%
35-64 yrs old
8%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • Ross Dress For LessRoss Dress For Less
  • Foot LockerFoot Locker
  • H&MH&M

Where do the neighbors go to eat?

  • Jack In The BoxJack In The Box
  • Little CaesarsLittle Caesars
  • Boston MarketBoston Market

What do the neighbors drive?

  • NissanNissan
  • DodgeDodge
  • HondaHonda

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

About 2539 Wabash Ave

This home is located at 2539 Wabash Ave in Los Angeles, CA and zip code 90033 in the Boyle Heights neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $2,500,000.

In February 2025 more than 212 listings in Los Angeles, CA were sold above the asking price. During the same period more than 105 listings were sold at asking price, while more than 280 were sold below. The inventory of homes for sale in Los Angeles, CA between January and February 2025 increased by 10.8%. While the average time on the market in February 2025 was 44 days, the median list price was $989,396.

From Rocket Homes Real Estate and based on county public records data.

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