2440 Wabash Ave, Los Angeles, CA 90033
2440 Wabash Ave, Los Angeles, CA 90033
2440 Wabash Ave, Los Angeles, CA 90033
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Ever Banuelos

Ever Banuelos

+1(323) 833-9824
$875,000
Est. payment /mo
5 Beds
5 Baths
2,756 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,756 sqft

Price per Sqft $317

MLS Listing ID 25628211

Bedrooms 5

Year Built 1923

Lot Size 8,066 Sqft

Acres 0.1852

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Boyle Heights

Zoning LARD3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Driveway, Attached

Garage Spaces 3.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

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TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Tony Azzi

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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