3127 Wabash Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 0 bed, 0 bath
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Los Angeles, California 90063
This Value-Add Duplex Asset represents a High-Potential Investment Opportunity with a List Price of $799,989, positioned near its $753,806 Fair Market Value. The property’s significant upside is driven by a 1,389 sqft detached building with ADU Conversion Potential, offering a clear path to increasing density and rental yield. Despite a Condition Rating of 5 and "as-is" status, the strategic location near Keck Medicine of USC and major freeways ensures long-term demand. This is a strategic acquisition for Buy-and-Hold Investors or Contractors looking to maximize ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3127 Wabash Avenue Subject | $799,989* List Price | 0 | 0 | 2,090 | $361 | - |
A 422 N Townsend Sold | $660,000 | 0 | 0 | 1,827 | $361 | 0.6 mi |
B 3149 E Cesar E. Chavez Avenue Sold | $1,025,000 | 0 | 0 | 2,420 | $424 | 0.5 mi |
C 1022 Geraghty Avenue Active | $810,000 List Price | 6 | 3 | 2,112 | $384 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1927, the property shows significant deferred maintenance and is being sold 'as-is.' Interior images reveal outdated, mismatched flooring, surface-mounted electrical wiring, and an aging electrical panel. The detached structure has cracked concrete and unfinished walls, indicating the need for substantial rehabilitation and system updates to meet modern standards.
The property features a massive 1,389 sqft detached building with existing plumbing, providing a rare opportunity to convert the space into two additional ADUs or a large commercial storefront for significant value-add.
Situated just minutes from Downtown Los Angeles, Keck Medicine of USC, and major freeway interchanges (10, 5, and 101), the location ensures high rental demand and excellent accessibility.
This duplex configuration offers two 2-bedroom units, providing immediate rental income and a versatile setup for investors or business owners looking to offset costs through owner-occupancy.
The property is being sold in as-is condition, which, combined with its 1927 construction date, suggests the need for potential capital improvements and modernization.
The presence of existing tenants and the strict 'do not disturb' instruction may complicate the due diligence process and delay immediate renovation or repositioning plans.
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.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.5 mi
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 | 2,090 | 1,946 | 60% |
| Lot Size | 5,021 | 5,512.5 | 35% |
| Price | $800.0K | $764.5K | 55% |
| Price per sq ft | $383 | $383 | 50% |
| Built year | 1927 | 1923 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 448 | 235 | 95% |
Jan 29, 2025
$799,989
Initial Listing
Jul 28, 2010
$180,000
Public Record
Mar 28, 2005
$255,000
Public Record
Dec 30, 2002
$195,000
Public Record