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$900,000

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
See This Home
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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.

Full Property Details for 2440 Wabash Ave

General

  • Price: $900,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25628211
  • Updated: 12/12/2025
  • Added to Site: 46 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Other Features: None

Parking

  • Garage Description: Driveway, Attached

Location

  • Area: Boyle Heights
  • County: Los Angeles
  • Driving 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.

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other

Structural Information

  • # Buildings: 3
  • Stories/Levels: 1
  • Square Feet: 2,756
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1923
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 5
  • Unit Type: 2106, 2107, 2108

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 2
  • Bedrooms: 3

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1852
  • Lot Size: 8066
  • Lot Size Source: Other
  • Lot Dimensions: 50 x 159
  • Alley: Yes
  • Zoning: LARD3

Financial Considerations

  • Price Per Sq. Ft.: $326.56
  • Assessment Year: 1923

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 5177-015-003

Listed by Tony Azzi, Tony Azzi

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Listing agent

— 2440 Wabash Ave —

  • Tony Azzi

    Tony Azzi

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2440 Wabash Ave

School District:Los Angeles Unified School District
NameGradesDistance
Evergreen Avenue Elementary School
2730 Ganahl Street, Los Angeles, CA 90033
K-60.3 mi
Belvedere Middle School
312 North Record Avenue, Los Angeles, CA 90063
6-81.5 mi
Theodore Roosevelt Senior High
456 South Mathews Street, Los Angeles, CA 90033
9-121 mi
Felicitas And Gonzalo Mendez High
1200 Plaza Del Sol East, Los Angeles, CA 90033
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2440 Wabash Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/01/2025
Listed
$900,000
-4.66%
MLS
12/01/2021
Sold
$944,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2440 Wabash Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,923
3%
$1,001,778
4%
2023
$12,538
18%
$962,880
17%
2022
$10,598
29%
$825,000
34%
2021
$8,215
-1%
$617,210
1%
2020
$8,300
4%
$610,882
2%
2019
$8,001
6%
$598,904
2%
2018
$7,521
2%
$587,162
2%
2017
$7,362
3%
$575,650
2%
2016
$7,179
1%
$564,364
2%
2015
$7,079
-1%
$555,888
2%
2014
$7,133
65%
$545,000
74%
2013
$4,332
—
$313,712
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Tony Azzi, Tony Azzi

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2440 Wabash Ave, Los Angeles, CA 90033 (MLS# 25628211) is a Multi-Family property with units containing 5 bedrooms and 0 full bathrooms. 2440 Wabash Ave is currently listed for $900,000 and was received on December 01, 2025. Want to learn more about 2440 Wabash Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles Southwest? You can browse all Los Angeles Southwest real estate or contact a Coldwell Banker agent to request more information.

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