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Listed by: Tony Azzi (310) 909-5454 DRE #00910513 | Tony Azzi (310) 909-5454
$745,000
Monthly Est:$3,708
6 Beds
5 Baths
2,756sqft
2440 Wabash Ave, Los Angeles, CA 90033
$745,000
$3,708/moEst:
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Multi Family
Built in 1923
$-- HOA
8,066 sqft lot
$270/sq.ft
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.
- Houzeo last checked: 1 minute ago
- Listing updated: August 26, 2026 at 5:53 pm
- Source: California Regional MLS-CA | MLS#: 25628211
Part of
Property Details
Status
Active Under Contract
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1923
HOA Fees
-
Finished Area
2,756 sqft
Lot Size
8,066 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25628211
MLS Status
ActiveUnderContract
Days on Market
303
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 5
Utilities & Energy
Parking Features
Driveway
Price History
| Date | Event | Price |
|---|---|---|
08/25/2026 Source: | Contingent (Active Under Contract) | $745,000 $270/sqft |
08/04/2026 Source: | Listed for Sale | $745,000 -6.29% $270/sqft |
06/25/2026 Source: | Contingent (Active Under Contract) | $795,000 $288/sqft |
06/02/2026 Source: | Listed for Sale | $795,000 -3.05% $288/sqft |
05/08/2026 Source: | Contingent (Active Under Contract) | $820,000 $298/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 11, 2026, 09:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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