2440 Wabash Avenue, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
2440 Wabash Avenue,Los Angeles, CA 90033
$745,000
  • 5 Beds
  • 5 Baths
  • 2,756 sq. ft.
  • Multi-family
  • Active
Listed by: tony azzi
Office: tony azzi310-909-5454
MLS#:25628211
Source:CRMLS

Price summary

  • Price:$745,000
  • Price per sq. ft.:$270.32

About this home

2440 Wabash Ave presents a five-unit multifamily value-add opportunity located in the rapidly evolving Boyle Heights submarket of Los Angeles, just east of Downtown LA. Built in 1923, the property consists of three single-story buildings totaling approximately 2,756 square feet on an 8,066 square foot lot and is offered fee simple. Current rents remain significantly below market, providing investors with a clear path to value creation through interior renovations and operational improvements. The unit mix consists of (2) one-bedroom/one-bath units, (1) two-bedroom/one-bath unit, and (2) three-bedroom/two-bath units, supporting broad tenant demand and flexible repositioning strategies. The property benefits from a transit-oriented location near major bus lines, Metro stations, and convenient access to the US-101, I-5, and I-10 freeways. Situated minutes from Downtown Los Angeles, the Arts District, USC Medical Center, and major employment centers, the asset is well positioned to...

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Home facts

  • Year built:1923
  • Listing ID #:25628211
  • Added:334 day(s) ago
  • Updated:November 12, 2026 at 01:08 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:5
  • Living area:2,756 sq. ft.

Structure and exterior

  • Year built:1923
  • Building area:2,756 sq. ft.
  • Lot area:0.19 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$745,000
  • Price per sq. ft.:$270.32

Parking

  • Total parking spaces:3
  • Parking description:Driveway
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