3168 Wabash Ave
Los Angeles, CA 90063
Boyle Heights | 160% Upside | No Soft Story · Multifamily Property For Sale
·
14 Units
Property Facts
| No. Units | 14 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 11,600 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Zoning | LAC2 - Commercial, Los Angeles | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 11,600 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | LAC2 - Commercial, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
About 3168 WABASH AVE , LOS ANGELES, CA 90063
Incredible Unit Mix of Three-Bedroom and Two-Bedroom Units with 28 total parking spaces in a parking garage. The site is individually metered for gas and electricity. Located in the prime Boyle Heights neighborhood with close proximity to downtown Los Angeles. This property is NOT subject to the City of Los Angeles' Soft-Story Retrofit Ordinance. There is 160% rental upside potential from existing rents. This property is subject to rent control, and requires a buyer comfortable achieving upside in rent controlled properties. The bones of the property are great, and the units are in fair shape. Sales Comparables are in the Offering Memorandum, this property is in line with sales in the area at a price per unit/price per square foot basis.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
| 3+2 | 4 | - | - |
Property Taxes
| Parcel Number | 5178-001-032 | Improvements Assessment | $2,503,221 |
| Land Assessment | $682,696 | Total Assessment | $3,185,917 |
Property Taxes
