2440 Wabash Ave presents a value-add multifamily opportunity in the heart of Boyle Heights, one of East Los Angeles’ most dynamic and rapidly evolving neighborhoods. Located in the 90033 zip code near Downtown LA, USC, and the Arts District, the property benefits from strong renter demand and transit-oriented accessibility. Built in 1923, the asset consists of five units across three single-story buildings on an 8,066 SF lot. In-place rents are materially below market, providing immediate and quantifiable upside through rent repositioning and value-add execution. Favorable LARD3 zoning and a flexible unit mix support multiple value-creation strategies (buyer to verify), while ongoing neighborhood revitalization underpins long-term appreciation. 2440 Wabash Ave offers investors a highly executable value-add opportunity with meaningful NOI growth potential in a supply-constrained urban infill market.