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3168 WABASH Avenue

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3168 WABASH Avenue | Los Angeles, CA

$3,825,000

11,600 SQ.FT.

With 79% of the units recently vacated, Casa Wabash is a unique opportunity for a new investor to capitalize on the red-hot Boyle Heights rental market. The large floor plans are ripe for renovation and once turned, these units will command a top market rent. The area's potential is demonstrated in our very thorough rent study showing several examples of renovated product achieving high rent levels. The property has an excellent hillside location along Wabash Avenue with a courtyard that features sweeping views of the Downtown Los Angeles skyline. Additionally, there is gated parking below the units and the property is not subject to the city's soft-story ordinance. Given that 11 of the 14 units are currently vacant, an investor will be able to focus all of their energy on a renovation strategy to generate the highest possible rents. The current vacancy also eliminates any rent control or Costa Hawkins concerns.
Listing Provided by David Harrington, Matthews Real Estate Investmen

Based on information from California Regional Multiple Listing Service, Inc. as of September 12, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.