$795,000
-$25,0002440 Wabash Avenue, Los Angeles CA 90033
Multi-Family (5 Units)
Property type
186 days
On market
$288
Price per sqft
N/A
Garage
1923
Year built
8,066 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Tony Azzi DRE #00910513 310-909-5454, Tony Azzi
Listing updated: Jun 2, 2026 at 11:37pm.
Last checked: Jun 14, 2026 at 07:30pm
Source: CRMLS #25628211
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 1 | 1 | — | $1,629 | $3,257 | $3,800 | Unfurnished |
| 2 | 2 | 1 | — | $1,138 | $2,276 | $5,250 | Unfurnished |
| 1 | 3 | 2 | — | $1,628 | $1,682 | $3,100 | Unfurnished |
# of Buildings: 3
# of Units Total: 5
Financial Snapshot
Gross Rent Multiplier
9.2x
List Price / Annual Gross Rent
Cap Rate
5.91%
NOI / List Price
Vacancy Allowance: $2,597
Net Operating Income: $53,214
Exterior
Stories Total: 1
Levels: One
Garage and Parking
Parking: Driveway
Garage: Attached
Parking Total: 3
Lot Information
Land Lease: No
Parcel #: 5177015003
Zoning: LARD3
Lot Size Dimensions: 50x159
Community
HOA: No
Senior Community: No