879 E 40th Place, Los Angeles, CA 90011
Local realty services provided by:ERA North Orange County Real Estate
879 E 40th Place,Los Angeles, CA 90011
$1,600,000
- 11 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: justin yee
Office: exp realty of southern california, inc
MLS#:OC26053122
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,600,000
About this home
Exceptional Investment Opportunity To Acquire A Large Income-Producing 4-Unit Property In The High-Demand South Los Angeles / Downtown LA Rental Market. Well-Maintained Quadplex Offers 11 Bedrooms, 5 Bathrooms And Approximately 4,700 Square Feet Of Total Living Space On A 6,300 Square Foot Lot in LARD1.5-1 Zoning, Making It One Of The Larger Multifamily Assets In The Immediate Area. Unit1: 4Bed/2Bath Unit2: 3Bed/1Bath Unit3: 2Bed/1Bath Unit4: 2 Bed/1Bath. Additionally, With Rare Amenities Of 9 Total Private Parking Spaces (3 Covered Car Port Parking + 6 Private Uncovered This Improves Tenant Retention And Value As Parking Is Sparse In The Area. Individually Separately Metered For Gas And Electricity. The Property Was Fully Rebuilt In 2006 And Has Received Recent Minor Updates, Providing Investors With The Benefit Of Modernized Construction Relative To Surrounding Vintage Housing Stock, Improved Structural Integrity, And Reduced Capital Expenditure Requirements. Interior Features: Shaker Kitchen Cabinets, Newer Paint, Newer Flooring, Newer Windows, Newer Sinks, Newer Bathroom Vanities, Newer Showers, Recessed Lighting, And Modern Fixtures. Ground Floor Laundry Area In Ground Floor Unit #879 With Access To Exterior (Could Be Transformed Into Shared Laundry With Coin-op Laundry, Adding Additional Income). The Property Is Fully Rented, Currently Generating Approximately $7,700 Per Month In Gross Rental Income, Offering Stable Cash Flow From Day One. With The Strong Demand For Affordable Housing In The 90011 Corridor, The Asset Presents A Compelling Opportunity For Continued Re...
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Home facts
- Listing ID #:OC26053122
- Added:196 day(s) ago
- Updated:September 26, 2026 at 01:52 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:5
Heating and cooling
- Cooling:Wall/Window, Zoned Area(s)
Structure and exterior
- Construction Materials:Stucco
- Levels:3 Story
Finances and disclosures
- Price:$1,600,000
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