3127 Wabash Avenue, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
3127 Wabash Avenue
Los Angeles, California 90063
Property Price
SUMMARY
Analysis of 3127 Wabash Avenue, Los Angeles, California 90063 is currently available with a list price of $799,989. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1927 and sold 'AS-IS,' this property requires substantial repairs and rehabilitation. The images reveal extremely outdated kitchens with old appliances, worn cabinets, and dated flooring. Bathrooms are also very old, featuring basic vanities, old fixtures, and signs of wear. Throughout the units, flooring is a mix of old linoleum, stained carpet, and basic tile/parquet, all showing significant wear. Light fixtures are basic and outdated. The overall condition suggests deferred maintenance and a need for extensive modernization of all major systems and finishes.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Duplex
The property features two 2-bedroom, 1-bathroom units, providing immediate rental income potential and a stable cash flow for investors.
- Significant ADU/Commercial Potential
A detached 1389 sqft building offers immense flexibility for conversion into two small ADUs, a large 1200 sqft ADU with a garage, or a storefront, greatly enhancing property value and income streams.
- Prime Location
Strategically located minutes from Downtown LA, Keck Medicine of USC, USC Hospital, and major freeways (10, 5, 101), ensuring high tenant demand and strong appreciation potential.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold 'AS-IS,' indicating potential for significant repairs, renovations, or deferred maintenance that will require additional capital investment from the buyer.
- Age of Property
Built in 1927, the property is nearly a century old, which may imply outdated systems, infrastructure, and potential for costly modernization or historical preservation requirements.
- Tenant-Occupied Sale Challenges
The instruction 'PLEASE DO NOT DISTURB THE TENANTS' suggests potential difficulties with property showings, inspections, and future tenant management or relocation if the buyer plans extensive renovations or owner-occupancy.
About 3127 Wabash Avenue
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1927
- Lot Size
- 5,021 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Malabar Street Elementary School
Grades K-6 • 0.3 mi
Evergreen Avenue Elementary School
Grades K-6 • 0.4 mi
Harrison Street Elementary School
Grades K-6 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,090 | 2,090 | 50% |
| Lot Size | 5,021 | 5,661 | 38% |
| Price | $800.0K | $800.0K | 50% |
| Price per sq ft | $383 | $384 | 48% |
| Built year | 1927 | 1924 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 401 | 228 | 95% |
Pricing History
Listed for Sale
Jan 29, 2025
$799,989
Initial Listing
Sold
Jul 28, 2010
$180,000
Public Record
Sold
Mar 28, 2005
$255,000
Public Record
Sold
Dec 30, 2002
$195,000
Public Record