Listed By:
Eric Chavez with CAREBF INC; 213-999-0073
3009 Wabash Avenue, Los Angeles, CA
$ 1,218,000
Property Attributes
  • MLS#CV23041066
  • TypeCommercial
  • CityLos Angeles
  • AreaBoyle Heights
  • Zip90063
  • StyleRetail
  • Price$ 1,218,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3850
  • Lot Size9,339 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

3009 Wabash Avenue is opportunity to purchase and/or lease a multi-tenant street retail/commercial single-story building that consist of 3,850+/- square feet located on a lot size of 9,338+/- square feet of semi-improved land zoned “C2” Commercial Zone, with 70 linear feet along Wabash Ave. C2 zoning provides a wide range of uses, for example any use permitted in the C1.5, C1 and CR, Carpenter, plumbing or sheet metal shop, Catering shop, Interior decorating or upholstering shop and Restaurant. The current ownership has owned the subject property since 1987. Currently the property is occupied by three (3) tenants & one (1) billboard lease. All the current tenants are on a Month-To-Month lease term. Current annual rental income is estimated to be $48,540.00 and/or $1.14 PSF - Gross. Property maybe delivered vacant upon negotiating terms that will be acceptable to the Ownership. SBA financing is available with only requiring a 10% down payment, 25-year loan term, the current interest rates between 6 ½ % to 8% for qualified Owner-user Buyers. Property is also available for Lease, Asking Rent of $2.42 (NNN) PSF. Contact Broker for more information.

Price History
3/12/2023 Listed $1,218,000

General Features

Additional Parcels Y/N No
Association Y/N No
Attached Garage No
Building Area Units SquareFeet
Carport Y/N No
City Los Angeles
County Los Angeles
Days on Market 223
Directions Exit Soto St Off the I-10 Freeway
Garage Y/N No
Home Warranty Y/N No
Land Lease Y/N No
Lease Considered Y/N No
Lease Renewal Y/N No
Listing Terms Cash, CashtoNewLoan, Item1031Exchange, Submit
Lot Size Square Feet 9338.0
MLS Area BOYH - Boyle Heights
Mobilehomeremainsyn No
New Construction No
Occupancy Description Owner
Private Pool No
Property Attached Y/N No
Property Sub Type Additional Retail
Property SubType Retail
Property Type CommercialSale
Rent Control Y/N No
Senior Community Y/N No
Special Listing Conditions Standard
Standard Status Active
Status Active
Street Name Wabash
Total Units 4
View Y/N No
Waterfront Y/N No
Year Built 1923
Zoning C2

Interior Features

Air Conditioning Y/N No
Basement (Y/N) No
Electric On Property Y/N No
Fireplace Y/N No
Heating Y/N No
Laundry Features None
Livingareasource Assessor
Street Suffix Avenue
Total Stories 1

Exterior Features

Building Area Total 3850.0
Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
Lot Features ValueInLand, Walkstreet
Lot Size Acres 0.2144
Lot Size Area 9338.0
Lot Size Source Assessor
Lot Size Units SquareFeet
Lotdimensionssource Assessor
Open Parking Y/N No
Spa No
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90063

AVG $1.34M
AVG 50
Data Provided by Inside Real Estate®
Year Built
AVG 1952