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...
Contact an agent
Home facts
- Listing ID #:OC26053122
- Added:150 day(s) ago
- Updated:August 11, 2026 at 02:07 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
New listings near 879 E 40th Place
- New
$570,000Active2 beds 3 baths1,203 sq. ft.18550 Hatteras Street #100, Tarzana, CA 91356
MLS# 26860293Listed by: UNIQUELY REAL ESTATE - New
$739,000Active3 beds 2 baths1,210 sq. ft.1515 S Beverly Drive #101, Los Angeles, CA 90035
MLS# SB26174608Listed by: REDFIN CORPORATION - New
$699,999Active4 beds -- baths1237 E 76th, Los Angeles, CA 90001
MLS# SR26175233Listed by: CAL STATE REALTY SERVICES - Open Sun, 2 to 4pmNew
$369,000Active1 beds 1 baths610 sq. ft.5500 Owensmouth #218, Woodland Hills, CA 91367
MLS# SR26171555Listed by: RODEO REALTY - New
$2,590,000Active4 beds 3 baths2,450 sq. ft.3701 Royal Meadow, Sherman Oaks, CA 91403
MLS# SR26130601Listed by: KELLER WILLIAMS REALTY-STUDIO CITY - New
$250,000Active1 beds 1 baths565 sq. ft.12601 Van Nuys Boulevard #119, Pacoima, CA 91331
MLS# SR26146185Listed by: REAL BROKER - Open Sat, 1 to 4pmNew
$689,000Active3 beds 2 baths1,232 sq. ft.1132 55th Street, Los Angeles, CA 90037
MLS# WS26174663Listed by: RE/MAX 2000 REALTY - New
$1,695,000Active8 beds 8 baths3,178 sq. ft.6826 Whitman Avenue, Van Nuys, CA 91406
MLS# CV26174973Listed by: COMPASS - New
$675,000Active4 beds 3 baths357 E 116th Street, Los Angeles, CA 90061
MLS# OC26175078Listed by: PROPERTY LEADERS - New
$609,900Active2 beds 1 baths816 sq. ft.24524 S Avalon, Wilmington, CA 90744
MLS# PW26175150Listed by: REO PRO REALTY