2814 Wabash Avenue, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
2814 Wabash Avenue
Los Angeles, California 90033
Property Price
SUMMARY
Analysis of 2814 Wabash Avenue, Los Angeles, California 90033 is currently available with a list price of $950,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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).
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Triplex
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.
- Strategic Location & Accessibility
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.
- Recent Capital Improvements
Both buildings have new roofs, a significant capital improvement that reduces immediate maintenance concerns and costs for the new owner.
CONSRISKS & DEFICIENCIES
- Property Age & Potential Deferred Maintenance
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).
- Price Reduction History
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.
- Limited Bathroom-to-Bedroom Ratio
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.
About 2814 Wabash Avenue
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!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1924
- Lot Size
- 5,917 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,184 | 2,270.5 | 43% |
| Lot Size | 5,917 | 5,920 | 50% |
| Price | $950.0K | $847.5K | 64% |
| Price per sq ft | $435 | $379 | 79% |
| Built year | 1924 | 1925 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 873 | 230 | 0% |
Pricing History
Listed for Sale
Aug 2, 2025
$950,000
Initial Listing
Price Change
Oct 15, 2023
$1,100,000
Initial Listing
Sold
May 18, 2012
$372,000
Public Record
Sold
Sep 30, 2011
$165,000
Public Record