2440 Wabash Avenue, Los Angeles, CA 90033
Local realty services provided by:ERA North Orange County Real Estate
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 capture continued renter demand driven by ongoing neighborhood revitalization, strong urban connectivity, and durable Eastside rental fundamentals....
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Home facts
- Year built:1923
- Listing ID #:25628211
- Added:242 day(s) ago
- Updated:August 12, 2026 at 11:16 AM
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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