2440 Wabash Avenue
Los Angeles, CA 90033
5
Bed
0
Bath
2,756Sqft
8,066Sqft(Lot)
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 convenien
Property Details
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Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 5Bathroom Information
Total Baths: 5 Full Baths: 0 Half Baths: 0
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Building Information
Year Built: 1923 Building Area Total: 2,756
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1852 Lot Size Dimensions: 50x159 -
Lot Size Source: Other Lot Size Square Feet: 8066
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Listing Price Information
Original List Price: 795,000 Listing Contract Date: 2025-12-01 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5177015003
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Garage and Parking
Garage Description: Driveway Attached Garage: YesHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: BOYH - Boyle Heights Postal Code Plus 4: 2510 Directions: 2440 Wabash Ave is located in the Boyle Heights / East Los Angeles area, just east of Downtown Los Angeles. The property sits near major east-west corridors and is minutes from USC Health Sciences Campus, Arts District, and Downtown LA. Zoning: LARD3 Source Property Type: Residential Income Area: BOYH - Boyle Heights -
Building and Construction
Property Age: 103 Year Built Source: Vendor Enhanced Total Square Feet Living: 2756 Levels or Stories: One Building Total Stories: 1
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1440 Tremont, Los Angeles, CA, 90033 | $1,350,000 | -- | -- | 4,836 | 4,836 SqFt |
| 1237 N Evergreen, Los Angeles, CA, 90033 | $515,000 | 2 | 1 | 1,008 | 1,008 SqFt |
| 1517 Ricardo, Los Angeles, CA, 90033 | $975,000 | 2 | 1 | 794 | 794 SqFt |
| 1034 Evergreen Avenue, Los Angeles, CA, 90033 | $425,000 | 2 | 1 | 689 | 689 SqFt |
| 2711 Wabash Avenue, Los Angeles, CA, 90033 | $730,000 | 5 | -- | 1,273 | 1,273 SqFt |
| 2532 1/2 Ganahl Street, Los Angeles, CA, 90033 | $399,000 | 2 | 2 | 850 | 850 SqFt |
| 1151-1153 Cornwell Street, Los Angeles, CA, 90033 | $1,170,000 | -- | -- | 3,682 | 3,682 SqFt |
| 2505 Malabar Street, Los Angeles, CA, 90033 | $1,200,000 | 10 | -- | 4,974 | 4,974 SqFt |
| 2447 Malabar Street, Los Angeles, CA, 90033 | $1,100,000 | -- | -- | 2,810 | 2,810 SqFt |
| 2813 E Cesar Chavez Ave.., Los Angeles, CA, 90033 | $849,888 | -- | -- | 1,950 | 1,950 SqFt |
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ByOwner last updated this listing 06/14/2026 @ 16:51
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