Five-Unit Investment
For Sale
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2440 Wabash Ave, Los Angeles, CA 90033
Five-unit property in the evolving Boyle Heights neighborhood of Los Angeles.
Property Size2,756 SF
Price / SF$326.56
Days on Market166
Property Features for 2440 Wabash Ave
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Multifamily
Zoning
LARD3
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$53,214
Building Details
Year Built
1923
Buildings
3
Stories
1
Units
5
Listing Agency:
Marcus & Millichap - Los Angeles
(310) 909-5454
Listed By:
Tony Azzi · License #00910513
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 8 at 6:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Located in the rapidly evolving 90033 zip code of Los Angeles, 2440 Wabash Ave presents a five-unit investment opportunity in Boyle Heights. This historically significant and culturally vibrant neighborhood, located just east of Downtown Los Angeles, is known for its Latino heritage, colorful murals, and community-focused spirit. Boyle Heights is undergoing revitalization, blending tradition with new development, making it an attractive destination for residents and investors. The neighborhood features local eateries, traditional panaderías, and iconic taco stands, as well as grassroots art galleries and community theaters. With close proximity to the Arts District, Little Tokyo, and major employment hubs like the USC Medical Center, Boyle Heights provides convenient access to culture, education, and opportunity. The property is located at the crossroads of three distinctive Eastside neighborhoods: Lincoln Heights, El Sereno and the Arts District. Lincoln Heights offers a mix of historic homes, hillside views, and a growing arts scene. El Sereno offers a laid-back atmosphere while maintaining easy access to the city’s core. Just across the LA River, the Arts District is a thriving creative hub known for its industrial-chic lofts, contemporary galleries, and trendsetting restaurants. The property size is 2756 square feet.
Key Highlights
- Five‑unit investment opportunity in the rapidly evolving 90033 zip code of Los Angeles.
- Prime location at the crossroads of three distinctive Eastside neighborhoods (Boyle Heights, Lincoln Heights, El Sereno) with convenient access to Downtown Los Angeles.
- Located in Boyle Heights, a historically significant and culturally vibrant neighborhood undergoing revitalization.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit property in the evolving Boyle Heights neighborhood of Los Angeles.
Where is this apartment building located?
The property is located at 2440 Wabash Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Five‑unit investment opportunity in the rapidly evolving 90033 zip code of Los Angeles.; Prime location at the crossroads of three distinctive Eastside neighborhoods (Boyle Heights, Lincoln Heights, El Sereno) with convenient access to Downtown Los Angeles.; Located in Boyle Heights, a historically significant and culturally vibrant neighborhood undergoing revitalization.
