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2515 Wabash Ave, Los Angeles, CA 90033

Sale Price: $731,000
Jun 3, 20242,056 sqft5 beds3 baths
Listed by: WESLEY DUNN
License #: 02019976
Phone #: 206-999-7990
THE ASSOCIATES REALTY GROUP
Source:
CRMLS Logo
MLS #: IV24112733

Property Description

Prime Investment Opportunity in Los Angeles' Developing Neighborhood Nestled in the vibrant neighborhood of Boyle Heights, 2515 Wabash Ave stands as a testament to exceptional real estate investment. This well-maintained triplex offers a rare opportunity to secure a foothold in one of the city's most promising areas, where growth and development are on the horizon. Highlights: Prime location in a rapidly developing area. Great upkeep, with fresh paint and a newly installed roof, providing a turnkey investment. Stable income stream from long-term tenants, offering consistent cash flow. Untapped potential for increasing rental income or future development options. This triplex boasts a total living area of 2,056 square feet with 5 bedrooms and 3 bathrooms, spread across its 3 units. Unit 1 is 2 bedrooms 1 bath. Unit 2 is 1 bedroom 1 bath. Unit 3 is 2 unit 1 bath. 6 private gated parking places located at the rear of the property, plus a storage shed for additional space. The property sits on a 5,412 lot. New roof was just installed. Fresh paint. Ready to go! Easy access to the 10 and the 5 freeways and accessible bus lines. Nearby to local restaurants, Wabash Recreational Center, library, day care centers and cafes. Very close to USC and hospitals. Don't miss your chance to secure this exceptional investment opportunity in the heart of Los Angeles. With its prime location, well-maintained condition, and rental income, this triplex presents an unparalleled opportunity for savvy investors seeking a rewarding real estate venture.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$11,082

TurboHome Estimated Value

$726,400

$353 sqft

High Valuation
$762,720
$371/sqft
Normal Valuation
$726,400
$353/sqft
Low Valuation
$690,080
$336/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$353/sqft$726,400

Neighborhood: Boyle Heights

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Comparative Value

$714K

$731K

$775K

$899K

$927K

2515 Wabash Ave, Los Angeles, CA 90033

List Price: $714,000

Subject Property

2515 Wabash Ave, Los Angeles, CA 90033

Sale Price: $731,000

Selected Comparable

3141 Winter St, Los Angeles, CA 90063

Sale Price: $775,000

Selected Comparable

3317 E 8th St, Los Angeles, CA 90023

Sale Price: $899,000

Selected Comparable

1132 N Evergreen Ave, Los Angeles, CA 90033

Sale Price: $900,000

Selected Comparable

2128 E 3rd St, Los Angeles, CA 90033

Sale Price: $927,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
2515 Wabash Ave, Los Angeles, CA 90033

2515 Wabash Ave, Los Angeles, CA 90033

List: $714,000

Listed: 6/3/2024

Area:2,056 sqft
Price/sqft:$347
Beds:5
Baths:3
Year Built:
Lot Size:5,457

Comparable Properties

COMPARABLE
Choose comps
2515 Wabash Ave, Los Angeles, CA 90033

2515 Wabash Ave, Los Angeles, CA 90033

Sale: $731,000

9/24/20240.00 mi

Area:2,056 sqft
Price/sqft:$356
Beds:5
Baths:3
Year Built:
Weight:21.6%
2128 E 3rd St, Los Angeles, CA 90033

2128 E 3rd St, Los Angeles, CA 90033

Sale: $927,000

7/9/20251.00 mi

Area:1,990 sqft
Price/sqft:$466
Beds:5
Baths:3
Year Built:
Weight:21.4%
3317 E 8th St, Los Angeles, CA 90023

3317 E 8th St, Los Angeles, CA 90023

Sale: $899,000

7/23/20252.06 mi

Area:2,186 sqft
Price/sqft:$411
Beds:5
Baths:3
Year Built:
Weight:20.2%
1132 N Evergreen Ave, Los Angeles, CA 90033

1132 N Evergreen Ave, Los Angeles, CA 90033

Sale: $900,000

12/12/20240.36 mi

Area:2,166 sqft
Price/sqft:$416
Beds:5
Baths:3
Year Built:
Weight:20.1%
3141 Winter St, Los Angeles, CA 90063

3141 Winter St, Los Angeles, CA 90063

Sale: $775,000

3/7/20250.53 mi

Area:1,792 sqft
Price/sqft:$432
Beds:5
Baths:2
Year Built:
Weight:16.8%

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