917 E 40th Los Angeles, CA $ 950,000
917 E 40th
$ 950,000
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917 E 40th

Los Angeles, CA, 90011
$ 950,000
Baths1.0 Sq 3,600

Monthly Estimate*

$ 5,849

Listed by Nohco Real Estate
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $950,000 with 1 full bath. This 3,600 square foot home was built in 1924 on a lot size of 0.2885.

Only $75/sf land with huge upside. Value Add Opportunity! This fully occupied 7 unit multifamily property is comprised of four separate buildings on a big 12,567sf lot zoned RD1.5. All the units are currently tenant occupied w/ good rent histories, no delinquencies, and the property offers huge upside in the rents allowing for a local and/or savvy investor to create value and maximize rents. Built in 1924, this property totals 3,600sf in size and offers a solid unit mix with (7) 2 bed/1 bath bungalow style units each with a decent layout, full kitchen & bath, roomy bedrooms, washer/dryer hookups, and some private patio area. On a large 0.29acre double size lot, there are two driveways w/ a total of 10 open parking spaces to provide ample use by tenants & guests. Well located in Los Angeles near Downtown, Crypto Arena, & close proximity to USC and the 110 Freeway. Terrific Opportunity!

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Multi-Family Active

Price

$ 950,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2885

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

OC26029405

Days on Market

14

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Available Natural Gas Available Phone Available Sewer Available Water Available
Possession Close Of Escrow
Roof Composition
Appliances Dishwasher Disposal Gas Range Water Heater
HOA Fee 0
Garage Spaces 0
Architectural Style Traditional
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Stucco
Year Built 1924
Tenant Pays Electricity Gas Trash Collection
View None
Stories Count 1
Levels One
Property Subtype Apartment
Gross Income 86052
Community Features Curbs Street Lights Sidewalks
County Los Angeles
Net Operating Income 39613
Operating Expense 44718
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Facing Direction South
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Off 110 fwy head east on MLK south to 40th pl between Mckinley and Wadsworth.
City Los Angeles
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 10
Number Of Units Total 7
MLS Area C37 - Metropolitan South
Lot Size Units Square Feet
Lot Size Square Feet 12567
Number of Units Leased 7
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 7
Total Actual Rent 7171
Property Sub Type Additional Apartment
Expected Active Date 2026-02-10
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Interior
Interior Amenities Ceiling Fan(s) All Bedrooms Down Bedroom on Main Level
Flooring Carpet Tile
Fireplace Features None
Total Stories 1
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Washer Hookup Gas Dryer Hookup
Entry Level 1
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Exterior
Fencing Wood
Parking Features On Site Uncovered
Lot Features 6-10 Units/Acre Landscaped
Water Source Public
Total Parking 10
Lot Size Area 12567
Foundation Details Raised
Number of Buildings 4
Spa false
Building Area Total 3600
Lot Size Acres 0.2885
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
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* Excluded Features
List By
Nohco Real Estate

Broker

brian@nohco.com

Email

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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/10/2026$950,000 Listed Price

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917 E 40th, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $950,000 with 3,600 sqft and a lot size of 0.2885. 917 E 40th is a studio with 1.0 baths and was built in 1924. The property's zip code is 90011 which is in Los Angeles, CA