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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Diego Magdaleno

Diego Magdaleno

+1(714) 376-8652
$820,000
Est. payment /mo
5 Beds
5 Baths
2,756 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,756 sqft

Price per Sqft $297

MLS Listing ID 25628211

Bedrooms 5

HOA Y/N No

Year Built 1923

Lot Size 8,067 Sqft

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 Boyh - Boyle Heights

Zoning LARD3

Interior

Fireplace No

Exterior

Parking Features Driveway

Total Parking Spaces 3

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5177015003

Special Listing Condition Standard

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Listed by Tony Azzi Tony Azzi #00910513

NEARBY SCHOOLS & PROPERTIES

Diego Magdaleno

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