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House
·
for sale
USD 745,000
USD 270/sq.ft
Updated
2440 Wabash Ave, Los Angeles, CA 90033 | MLS #25628
Civic Center-Little Tokyo
· 2,756 sq.ft · 5 Bedrooms · 5 Baths · House
Civic Center-Little Tokyo · 2,756 sq.ft · 5 Bedrooms · 5 Baths · House
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-bedroomu002Fone-bath units, (1) two-bedroomu002Fone-bath unit, and (2) three-bedroomu002Ftwo-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 positione
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-bedroomu002Fone-bath units, (1) two-bedroomu002Fone-bath unit, and (2) three-bedroomu002Ftwo-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 positione
USD 745,000