2440 Wabash Ave — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90033

Investment Figures

Cap rate
5.64%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus and Millichap is pleased to present the opportunity to acquire 2440 Wabash Ave, a five-unit investment opportunity located in the rapidly evolving 90033 zip code of Los Angeles. Investment Highlights: • With current rents significantly below market, 2440 Wabash offers a compelling opportunity for interior upgrades, operational enhancements, and strategic repositioning to capture immediate rent upside • Situated near Downtown Los Angeles, USC, and major employment centers, the property benefits from strong renter demand and consistent absorption in one of LA's most stable rental corridors. • Located close to major bus lines, Metro stations, and key freeways, residents enjoy seamless access throughout the city, supporting high occupancy and convenience-driven demand. • Minutes from USC, Downtown's expanding tech and creative sectors, and major medical institutions, the location provides access to a deep and stable tenant pool. • The surrounding community offers a blend of residential stability, improving infrastructure, and growing urban energy, making it attractive to long-term renters seeking value and location. • Walkable access to everyday amenities, public transit, parks, and local services enhances livability and increases the property's appeal to urban renters seeking both affordability and convenience.

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.6% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 5.6% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

Contact

Explore this market

Similar Multifamily Property for Sale in Los Angeles, CA