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2440 Wabash Ave, Los Angeles, CA 90033
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2440 Wabash Ave Los Angeles, CA 90033

$825,000 Sold Price as of 08/31/2021
  • 9 Beds
  • 6 Baths
  • 3,116 Sq.Ft.
Sold
$825,000 Sold Price as of 08/31/2021 Refinance Your Mortgage
Map preview of 2440 Wabash Ave, Los Angeles, CA 90033

Property Overview: 2440 Wabash Ave Los Angeles, CA has 9 bedrooms, 6 bathrooms, 3,116 living square feet and 8,066 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention Investors: 5-unit apartment building in Boyle Heights. Near USC Medical Campus and the new USC hotel. The property is situated on top of a hill so terrific spot for future development to take advantage of great views. Easy to manage property: 2- stand alone houses (3 BD/2 BA & 2/1 BA) with 3 other units on property. Front house built in 1938, Back House built in the 60's (per previous owner). Easy to maintain with low maintenance. Work done in recent years include 2 water heaters replaced (good quality); sewer repaired in 2 key areas; water main repaired. Tenants pay for electricity, gas and trash. Owner Pays for water and sewage.

Listed by Nick Layana | BRE #01048041 | Family Discount Realty
Last checked: 15 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
8,066
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
PW21083119
City
Los Angeles
County
Los Angeles
Time on Site
1224 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,551
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,048
  • Total Rent: $0
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,056
  • Total Rent: $0
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $898
  • Total Rent: $0
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,346
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $70,788
  • Net Operating Income: $63,588
  • Gross Operating Income: $70,788
  • Vacancy Allowance: $0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $7,200
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 2440 Wabash Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
  • Security Features: Smoke Detector(s), Window Bars
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Tandem Uncovered
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Total # of Units: 5
  • Parcel Number: 5177015003
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Near Wasbash/Soto
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 2440 Wabash Ave

Last sold for $825,000 on August 31st, 2021

  • March, 2022

  • Mar 1, 2022

    Date

    Expired

    CRMLS: 21104507

    $990,000

    Price

  • Nov 11, 2021

    Date

    Active

    CRMLS: 21104507

    $990,000

    Price

  • Listing provided courtesy of CRMLS

    We proudly present 2440 Wabash Ave, a 5 unit property located in Boyle Heights, just east of Downtown. The property is gated with above ground parking for tenants. 2440 Wabash Ave is ideally situated a few blocks north of Cesar Chavez Ave (the prime retail corridor of Boyle Heights), 10 minutes east of employers and attractions in DTLA and just 5 minutes from Cal State LA. Tenants enjoy ease of access to the I-10 and I-5 Freeways, the primary connectors to greater Los Angeles.

  • September, 2021

  • Sep 15, 2021

    Date

    Sold

    CRMLS: PW21083119

    $825,000

    Price

  • Sep 1, 2021

    Date

    Hold

    CRMLS: PW21083119

    $895,000

    Price

  • Jul 7, 2021

    Date

    Pending

    CRMLS: PW21083119

    $895,000

    Price

  • Jun 30, 2021

    Date

    Active Under Contract

    CRMLS: PW21083119

    $895,000

    Price

  • May 27, 2021

    Date

    Active

    CRMLS: PW21083119

    $895,000

    Price

  • May 8, 2021

    Date

    Price Change

    CRMLS: PW21083119

    $895,000

    Price

  • Apr 29, 2021

    Date

    Hold

    CRMLS: PW21083119

    $875,000

    Price

  • Apr 29, 2021

    Date

    Active

    CRMLS: PW21083119

    $875,000

    Price

  • Apr 21, 2021

    Date

    Active Under Contract

    CRMLS: PW21083119

    $875,000

    Price

  • Apr 21, 2021

    Date

    Active

    CRMLS: PW21083119

    $875,000

    Price

  • April, 2021

  • Apr 10, 2021

    Date

    Expired

    CRMLS: PW20054541

    $895,000

    Price

  • Apr 9, 2021

    Date

    Active

    CRMLS: PW20054541

    $895,000

    Price

  • Nov 24, 2020

    Date

    Pending

    CRMLS: PW20054541

    $895,000

    Price

  • Nov 16, 2020

    Date

    Active Under Contract

    CRMLS: PW20054541

    $895,000

    Price

  • Oct 23, 2020

    Date

    Price Change

    CRMLS: PW20054541

    $895,000

    Price

  • Oct 9, 2020

    Date

    Price Change

    CRMLS: PW20054541

    $915,000

    Price

  • Sep 15, 2020

    Date

    Price Change

    CRMLS: PW20054541

    $920,000

    Price

  • Aug 4, 2020

    Date

    Price Change

    CRMLS: PW20054541

    $925,000

    Price

  • Jul 17, 2020

    Date

    Price Change

    CRMLS: PW20054541

    $930,000

    Price

  • Jul 16, 2020

    Date

    Price Change

    CRMLS: PW20054541

    $944,000

    Price

  • Jul 8, 2020

    Date

    Price Change

    CRMLS: PW20054541

    $945,000

    Price

  • May 17, 2020

    Date

    Price Change

    CRMLS: PW20054541

    $950,000

    Price

  • Mar 17, 2020

    Date

    Active

    CRMLS: PW20054541

    $999,999

    Price

  • Listing provided courtesy of CRMLS

    Attention Investors: 5-unit apartment building in Boyle Heights. Near USC Medical Campus and the new USC hotel. The property is situated on top of a hill so terrific spot for future development to take advantage of great views. Easy to manage property: 2- stand alone houses (3 BD/2 BA & 2/1 BA) with 3 other units on property. Front house built in 1938, Back House built in the 60's (per previous owner). Easy to maintain with low maintenance. Work done in recent years include 2 water heaters replaced (good quality); sewer repaired in 2 key areas; water main repaired. Tenants pay for electricity, gas and trash. Owner Pays for water and sewage. Bring all offers!!

  • August, 2013

  • Aug 30, 2013

    Date

    Sold (Public Records)

    Public Records

    $545,000

    Price

  • January, 1995

  • Jan 6, 1995

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2440 Wabash Ave

Assessed Value (2020): $610,882
Year Land Value Improved Value Assessed Value
2020 $201,758 $409,124 $610,882

Home Value Compared to the Market

This property vs the competition

2440 Wabash Ave sold on August 31, 2021 for 20.09% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $287.23 per/sqft which puts the price per square foot 60.33% lower than the current median sale per square foot for the city of Los Angeles.

About 2440 Wabash Ave

Detailed summary of property

2440 Wabash Ave is a apartment that recently sold in Los Angeles, CA 90033. This apartment offered 9 bedrooms, 6 bathrooms, roughly 3,116 living square feet, and sits on an approximately 8,066 square foot lot. 2440 Wabash Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $825,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 20.09% lower than the current median priced home. Local homes that are currently for sale include 923 N Alma Ave, 673 N Boyle Ave and 127 S Evergreen Ave. While the average home in Los Angeles, CA is selling in 106 days, 2440 Wabash Ave has a days on market of 44 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2440 Wabash Ave Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2440 Wabash Ave

Public county record property details
Beds
5
Baths
5
Year built
1923
Sq. Ft.
2,756
Lot Size
8,065
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5177-015-003

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$444
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$700
Total Inventory
8
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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