3127 Wabash Avenue, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
ACTIVE$799,989
3127 Wabash Avenue, Los Angeles, California 90063
0Bed
0Bath
2,090Sqft
5,021Lot
Year Built
1927
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$383
HOA
-
Days on market
-
Sold On
-
MLS number
MB25019785
Home ConditionPoor
Features
Good View:
Deck
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $800.0K(54th), sqft - 2090(54th), beds - undefined(50th), baths - undefined(50th).
CALLING ALL BUYERS! This property is a GREAT Investment Opportunity. This duplex is ready for its next owner. TONS of potential and upside! The two units are 2bd/1bth each. Plus, a detached 1389sqft building that comes with a bathroom and mop sink perfect for a huge storage/garage unit or a store front. It can also be converted to (2) small ADU’s or a 1200sqft ADU with a garage. This is a great investment for those that have their own business and are tired of paying rent. Don't miss this opportunity to own a home with great potential. Property is being sold AS-IS. Located just minutes from DTLA, Keck Medicine of USC, USC Hospital, and major freeways (10, 5, and 101). PLEASE DO NOT DISTURB THE TENANTS.
Nearby schools
4/10
Malabar Street Elementary School
Public,•K-6•0.3mi
4/10
Evergreen Avenue Elementary School
Public,•K-6•0.4mi
3/10
Harrison Street Elementary School
Public,•K-6•0.5mi
2/10
Murchison Street Elementary School
Public,•K-6•0.7mi
2/10
First Street Elementary School
Public,•K-6•0.8mi
3/10
Sheridan Street Elementary School
Public,•K-6•0.9mi
3/10
Belvedere Elementary School
Public,•K-5•1.0mi
4/10
Breed Street Elementary School
Public,•K-6•1.2mi
4/10
Bridge Street Elementary School
Public,•K-5•1.4mi
4/10
Second Street Elementary School
Public,•K-6•1.4mi
5/10
Euclid Avenue Elementary School
Public,•K-5•1.4mi
5/10
Rowan Avenue Elementary School
Public,•K-5•1.5mi
5/10
Sunrise Elementary School
Public,•K-6•1.7mi
2/10
Lorena Street Elementary School
Public,•K-5•1.7mi
4/10
Griffin Avenue Elementary School
Public,•K-5•1.7mi
/10
Amanecer Primary Center
Public,•K-2•1.7mi
4/10
Gates Street Elementary School
Public,•K-5•1.8mi
4/10
Soto Street Elementary School
Public,•K-6•1.8mi
4/10
Christopher Dena Elementary School
Public,•K-6•2.1mi
5/10
Eastman Avenue Elementary School
Public,•K-5•2.1mi
3/10
Albion Street Elementary School
Public,•K-6•2.1mi
/10
Garza (Carmen Lomas) Primary Center
Public,•K-2•2.2mi
3/10
Ann Street Elementary School
Public,•K-6•2.4mi
5/10
Ninth Street School
Public,•K-5•3.2mi
4/10
Belvedere Middle School
Public,•6-8•0.9mi
6/10
Hollenbeck Middle School
Public,•6-8•1.3mi
3/10
Robert Louis Stevenson Middle School
Public,•6-8•1.6mi
4/10
Utah Street Elementary School
Public,•K-8•1.8mi
5/10
El Sereno Middle School
Public,•6-8•2.3mi
5/10
Florence Nightingale Middle School
Public,•6-8•3.0mi
6/10
Vernon City Elementary School
Public,•K-7•3.8mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•4.3mi
3/10
Henry T. Gage Middle School
Public,•6-8•4.9mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•1.2mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•1.2mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.6mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•1.8mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•2.0mi
7/10
James A. Garfield Senior High School
Public,•9-12•2.6mi
4/10
Huntington Park Senior High School
Public,•9-12•4.5mi
5/10
Maywood Academy High
Public,•9-12•4.5mi
5/10
Bell Senior High School
Public,•9-12•5.1mi
4/10
Elizabeth Learning Center
Public,•K-12•6.0mi
Price History
Date
Event
Price
01/29/25
$799,989
07/28/10
Sold
$180,000
03/28/05
Sold
$255,000
12/30/02
Sold
$195,000
Condition Rating
Poor
Built in 1927, this property is being sold 'AS-IS' and clearly requires substantial repairs and rehabilitation. The images reveal extremely outdated and poorly maintained interiors, particularly in the kitchen and bathroom. The kitchen area (Image 7) shows damaged, mismatched flooring and a cluttered, unfunctional appearance. The bathroom (Image 9) is in very poor condition with stained walls, old fixtures, and general disrepair, suggesting potential health and safety concerns. The detached building (Images 2-4) is an unfinished shell with stained concrete floors and basic utility features, requiring a complete build-out for any conversion. The overall condition indicates that major components are in disrepair and the property is likely uncomfortable or unsafe in its current state, necessitating a full renovation.
Pros & Cons
Pros
Multi-Unit Income Generation: The property features a duplex with two 2-bedroom, 1-bathroom units, providing immediate rental income and a stable cash flow for investors.
Exceptional ADU Conversion Potential: A substantial 1389 sqft detached building offers significant flexibility for conversion into multiple Accessory Dwelling Units (ADUs) or a large ADU with a garage, greatly enhancing future income potential and property value.
Strategic Urban Location: Situated minutes from Downtown LA, Keck Medicine of USC, USC Hospital, and major freeways (10, 5, 101), offering excellent accessibility and high tenant demand.
Commercial/Storage Versatility: The detached building provides a unique opportunity for a large storage/garage unit or a storefront, catering to business owners seeking to own their operational space.
High Investment Upside: Explicitly marketed as a 'GREAT Investment Opportunity' with 'TONS of potential and upside,' indicating strong appreciation and development possibilities.
Cons
As-Is Sale Condition: The property is being sold 'AS-IS,' suggesting that the buyer will be responsible for any necessary repairs, renovations, or upgrades, which could entail significant additional costs and due diligence.
Historic Property Age: Built in 1927, the property is nearly a century old, potentially requiring updates to plumbing, electrical, roofing, and other major systems, as well as potential lead paint or asbestos remediation.
Tenant Occupancy Constraints: The instruction 'PLEASE DO NOT DISTURB THE TENANTS' indicates potential difficulties with property access for showings, inspections, and due diligence, and implies existing tenant leases that a new owner must honor.