2440 Wabash Avenue, Los Angeles, CA 90033
2440 Wabash Avenue, Los Angeles, CA 90033
2440 Wabash Avenue, Los Angeles, CA 90033
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Maya Hiersoux

Maya Hiersoux

+1(415) 971-3559
$745,000
Est. payment /mo
2,756 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 2,756 sqft

Price per Sqft $270

MLS Listing ID CL25628211

HOA Y/N No

Year Built 1923

Lot Size 8,066 Sqft

Acres 0.1852

Property Sub-Type Other

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

Zoning LARD3

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 5177015003

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Listed by Tony Azzi • Tony Azzi

NEARBY SCHOOL & BUSINESS

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Maya Hiersoux

Maya Hiersoux

+1(415) 971-3559

Agent | License ID: 01450016

Agent License ID: 01450016

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