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.
Sold for $2,300,000 on 05/21/25
Listing Provided by:
RACHAEL NOL DRE #01963611 951-848-5188,
KELLER WILLIAMS RIVERSIDE CENT
$2,300,000
2539 Wabash Ave, Los Angeles, CA 90033
--beds
--baths
10,555sqft
Multi Family
Built in 1965
-- sqft lot
$2,261,300 Zestimate®
$218/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: May 21, 2025 at 11:34am
Listing Provided by:
RACHAEL NOL DRE #01963611 951-848-5188,
KELLER WILLIAMS RIVERSIDE CENT
Bought with:
DAVID MEDINA, DRE #01921935
AFD REALTY, INC.
Source: CRMLS,MLS#: IV24237273
Originating MLS: California Regional MLS

Facts & features
Interior
Appliances
- Laundry: In Carport, Outside
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 10,555
- Total interior livable area: 10,555 sqft
Property
Parking
- Parking features: Carport
- Has carport: Yes
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 0.29 Acres
Details
- Parcel number: 5177011040
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Submit
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Estimated market value
$2,261,300