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$ 900,000
Est. payment | /mo
5 Beds
5 Baths
2,756 SqFt
$ 900,000
Est. payment | /mo
5 Beds
5 Baths
2,756 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,756 sqft
Price per Sqft $326
MLS Listing ID 25628211
Bedrooms 5
HOA Y/N No
Year Built 1923
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
Listed by Tony Azzi Tony Azzi
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
3020 Old Ranch Parkway Suite 250, Seal Beach, CA, 90740, US