2814 Wabash Avenue, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
After a significant price adjustment, this Income-Generating Triplex is a high-utility asset with a List Price of $950,000, positioned accurately at its $946,842 Fair Market Value. The property features two 3-bedroom units and one 1-bedroom unit on a 5,917-square-foot lot, featuring Hardwood Floors and New Roofs. Holding a Condition Rating of 4, the functional but dated interiors provide a clear path for forced appreciation through modern renovations. Located near Cal State LA and Downtown Los Angeles with 3 On-Site Parking Spaces, this is a strategic acquisition for Buy-and-Hold Investors or Multi-generational Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2814 Wabash Avenue Subject | $950,000* List Price | 0 | 0 | 2,184 | $434 | - |
A 917 N Mott St Sold | $685,000 | 0 | 0 | 2,156 | $318 | 0.2 mi |
B 2770 Marengo Street Sold | $1,000,000 | 0 | 0 | 2,300 | $435 | 0.3 mi |
C 2127 City View Avenue Sold | $725,000 | 0 | 0 | 1,906 | $380 | 0.6 mi |
D 2811 -2813 E Boulder Street Active | $725,000 List Price | 0 | 0 | 2,272 | $319 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1924, this property is very old. While it benefits from recent capital improvements like new roofs and features hardwood floors throughout, the kitchen, as depicted, has dated wood cabinets, basic countertops, and lacks visible modern appliances. The overall aesthetic is functional but not contemporary. The condition of major systems (plumbing, electrical, HVAC) is unknown but likely original or very old, suggesting potential future updates or repairs. It is maintained and livable but shows its age and would require minor updates to meet modern standards, particularly in the kitchen and likely bathrooms (not pictured).
The property is a 3-unit income property, ideal for both seasoned and first-time multifamily investors seeking consistent rental income in a growing neighborhood.
Conveniently located near major freeways (5, 10, 60, 710) and key destinations such as Cal State University Los Angeles, Downtown Los Angeles, Pasadena, and the San Gabriel Valley, enhancing tenant appeal.
Both buildings have new roofs, a significant capital improvement that reduces immediate maintenance concerns and costs for the new owner.
Built in 1924, the property is nearly a century old, which may imply potential for unseen or deferred maintenance issues beyond the new roofs (e.g., plumbing, electrical systems, foundation).
The property has seen a significant price reduction from $1.1 million to $950,000, which could indicate initial overpricing or market resistance, potentially raising buyer concerns.
Two of the three units are configured as 3 bedrooms with only 1 bathroom, which can be less appealing or functional for larger families or multiple tenants, potentially limiting the tenant pool or rental income.
This outstanding 3-unit income property on a 5,917-lot size is ideal for both seasoned investors and first-time multifamily buyers in a rapidly growing neighborhood. Two units are 3 bedrooms, 1 bath. One unit 1 bedroom, 1 bath. New roofs on both buildings. All three units have hardwood floors. The property offers 3 on-site parking spaces and very low maintenance greenery. Property is located in the City of Terrace (Los Angeles County). Conveniently near the 5, 10, 60, and 710 freeways. Located near Cal State University Los Angeles, Downtown Los Angeles, Pasadena, and San Gabriel Valley. This is an ideal investment property!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,184 | 2,184 | 50% |
| Lot Size | 5,917 | 5,849 | 55% |
| Price | $950.0K | $775.0K | 64% |
| Price per sq ft | $435 | $408 | 73% |
| Built year | 1924 | 1924 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 920 | 239 | 0% |
Aug 2, 2025
$950,000
Initial Listing
Oct 15, 2023
$1,100,000
Initial Listing
May 18, 2012
$372,000
Public Record
Sep 30, 2011
$165,000
Public Record