3118 Wabash Avenue

  • Los Angeles

  • $4,350,000
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Residential Income Details

Description
Marcus & Millichap is pleased to present for sale a unique "add-value" opportunity located at 3118 Wabash venue. The unit mix is comprised of six 1 + 1 units, sixteen 2 + 1 units, and two 3 + 1 units This property is located in the exciting, up and coming Boyle Heights neighborhood, minutes east of Downtown Los Angeles.This property sits on the corner of Wabash Avenue, just east of Evergreen Avenue. The building has immediate access to the 10 freeway, and the Art's District of Downtown Los Angeles is less than a 17-minute bike ride away. This property offers an investor the rare opportunity to add-value to a vintage building in the heart of an emerging neighborhood. This area is predominately comprised of attractive single family homes, surrounded by increasingly popular restaurants, retail and entertainment venues, drawing a wide range of creative professional tenants. Property is subject to City Ordinance #183893 pertaining to soft-soft story parking retrofit
Essential
MLS #18348022
Price$4,350,000
Number of Units24
Sale TypeStandard
StatusActive Under Contract
Listing BrokerageMarcus & Millichap
Listing AgentBarry Gordon
Listing Agent BRE #00925711
Interior
CoolingSee Remarks
Exterior
ParkingOther
Community
AreaBOYH - Boyle Heights
Address3118 Wabash Avenue
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90063
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, September 6, 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.