2515 Wabash Ave Los Angeles, CA 90033
5
Beds
3
Baths
2,056
Sq Ft
5,457
Sq Ft Lot
Highlights
- No HOA
- Front Yard
- 4-minute walk to Wabash Recreation Center
- James A. Garfield Senior High School Rated A
About This Home
As of September 2024Prime Investment Opportunity in Los Angeles' Developing Neighborhood
Nestled in the vibrant neighborhood of Boyle Heights, 2515 Wabash Ave stands as a testament to exceptional real estate investment. This well-maintained triplex offers a rare opportunity to secure a foothold in one of the city's most promising areas, where growth and development are on the horizon.
Highlights:
Prime location in a rapidly developing area.
Great upkeep, with fresh paint and a newly installed roof, providing a turnkey investment.
Stable income stream from long-term tenants, offering consistent cash flow.
Untapped potential for increasing rental income or future development options.
This triplex boasts a total living area of 2,056 square feet with 5 bedrooms and 3 bathrooms, spread across its 3 units. Unit 1 is 2 bedrooms 1 bath. Unit 2 is 1 bedroom 1 bath. Unit 3 is 2 unit 1 bath. 6 private gated parking places located at the rear of the property, plus a storage shed for additional space. The property sits on a 5,412 lot.
New roof was just installed. Fresh paint. Ready to go!
Easy access to the 10 and the 5 freeways and accessible bus lines. Nearby to local restaurants, Wabash Recreational Center, library, day care centers and cafes. Very close to USC and hospitals.
Don't miss your chance to secure this exceptional investment opportunity in the heart of Los Angeles. With its prime location, well-maintained condition, and rental income, this triplex presents an unparalleled opportunity for savvy investors seeking a rewarding real estate venture.
Last Agent to Sell the Property
THE ASSOCIATES REALTY GROUP License #02019976 Listed on: 06/03/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,575
Year Built
- Built in 1952
Lot Details
- 5,457 Sq Ft Lot
- Two or More Common Walls
- Front Yard
Home Design
- Triplex
Interior Spaces
- 2,056 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms | 3 Main Level Bedrooms
- 3 Full Bathrooms
Additional Features
- Urban Location
- Septic Type Unknown
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Legal Lot and Block 20 / 26
- Tax Tract Number 20
- Assessor Parcel Number 5177011020
- $412 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 3, 2024
Closed on
Sep 11, 2024
Sold by
Silva Family Trust and Wabash Trust
Bought by
Wangler Gregory
Seller's Agent
Wesley Dunn
THE ASSOCIATES REALTY GROUP
List Price
$714,000
Sold Price
$731,000
Premium/Discount to List
$17,000
2.38%
Views
115
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,590
Avg. Annual Appreciation
5.59%
Original Mortgage
$517,500
Outstanding Balance
$512,679
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$252,911
Purchase Details
Closed on
Apr 17, 2024
Sold by
Silva Family Family Trust and Silva Alonso M
Bought by
Silva Family Trust and Wabash Trust
Purchase Details
Closed on
Apr 6, 1998
Sold by
Silva Alonso M and Silva Maria T
Bought by
Silva Alonso M and Silva Maria T
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $731,000 | Wfg National Title | |
| Grant Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $517,500 | New Conventional | |
| Previous Owner | $75,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/24/2024 09/24/24 | Sold | $731,000 | +2.4% | $356 / Sq Ft |
| 09/06/2024 09/06/24 | Pending | -- | -- | -- |
| 06/03/2024 06/03/24 | For Sale | $714,000 | -- | $347 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,575 | $731,000 | $381,000 | $350,000 |
| 2024 | $1,575 | $96,966 | $31,848 | $65,118 |
| 2023 | $1,552 | $95,066 | $31,224 | $63,842 |
| 2022 | $1,491 | $93,203 | $30,612 | $62,591 |
| 2021 | $1,464 | $91,376 | $30,012 | $61,364 |
| 2019 | $1,427 | $88,668 | $29,123 | $59,545 |
| 2018 | $1,339 | $86,930 | $28,552 | $58,378 |
| 2016 | $1,261 | $83,557 | $27,445 | $56,112 |
| 2015 | $1,246 | $82,303 | $27,033 | $55,270 |
| 2014 | $1,271 | $80,692 | $26,504 | $54,188 |
Source: Public Records
Agents Affiliated with this Home
-
W
Seller's Agent in 2024
Wesley Dunn
THE ASSOCIATES REALTY GROUP
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV24112733
APN: 5177-011-020
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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