2440 Wabash Avenue
Los Angeles, CA 90033
5
Bed
5
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 beds: 5Bathroom Information
Total Baths: 5
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Building Information
Year Built: 1923Building Area Total: 2756Stories: 1Private Pool: No
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Lot Information
Lot Dimensions: 50x159 Main Square Feet: 8066 Lot Size Acres: 0.1852 Lot Size Source: Other Lot Size Square Feet: 8,066
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Listing Price Information
Listing Price: $795000Original Price: $900000
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Tax Information
Parcel Number: 5177015003
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Virtual Tour
Parking Information
Parking Total: 3 DrivewayGarage Information
Has Attached Garage: Yes
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Location Information
Direction: 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.
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 | $1,288,000 | -- | -- | 4,836 | 4,836 SqFt |
| 1517 Ricardo, Los Angeles, CA, 90033 | $975,000 | 2 | 1 | 794 | 794 SqFt |
| 1450 Ricardo #1450, Los Angeles, CA, 90033 | $449,000 | 2 | 1 | 800 | 800 SqFt |
| 2746 Wabash Avenue, Los Angeles, CA, 90033 | $790,000 | 5 | 4 | 2,249 | 2,249 SqFt |
| 2532 1/2 Ganahl Street, Los Angeles, CA, 90033 | $399,000 | 2 | 2 | 850 | 850 SqFt |
| 2530 Ganahl, Los Angeles, CA, 90033 | $1,549,000 | 8 | 8 | 3,360 | 3,360 SqFt |
| 2853 Cincinnati Street, Los Angeles, CA, 90033 | $2,292,000 | 18 | 15 | 7,168 | 7,168 SqFt |
| 1151 1153 Cornwell Street, Los Angeles, CA, 90033 | $1,170,000 | -- | -- | 3,682 | 3,682 SqFt |
| 701 N Fickett, Los Angeles, CA, 90033 | $1,250,000 | -- | -- | -- | |
| 620 N Fickett, Los Angeles, CA, 90033 | $725,000 | 4 | 3 | -- |
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ByOwner last updated this listing 08/04/2026 @ 05:16
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