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879 E 40th Place Los Angeles, CA $ 1,600,000
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879 E 40th Place
$ 1,600,000
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879 E 40th Place

Los Angeles, CA, 90011
$ 1,600,000
Baths1.0 Sq 4,700

Monthly Estimate*

$ 9,851

Listed by eXp Realty of Southern California, Inc
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,600,000 with 1 full bath. This 4,700 square foot home was built in 2006 on a lot size of 0.1448.

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 Rental Growth Through Strategic Rent Adjustments, Improved Management, Or Unit Upgrades. Actualize The Development And Density Potential Upside With Improving Rental Income By ADU Development (2-4 ADU Possible), Carport Conversions, Redevelopment Utilizing LA And State Housing Incentives For Higher Density Housing + Transportation Area Incentives. RD1.5-1 Zoning, Transit Oriented Communities (TOC Tier 1), ZI-2374 State Enterprise Zone LA, Transit Oriented Incentive Area 1 (TOIA). Well Positioned – Very Close To USC, Future Olympics Location, Major Transportation Corridors, Retail And Employment Hubs. Ideal For Investors, 1031 Exchange Buyers, Value-Add Builders, Developers Seeking Rental Market With Prime Unit Mix In TOC Zone (8-12 Units Possible) With Rental Pro-Forma Of Approximately $27,600 Per Month After Redevelopment. Your Investment Opportunity Is Here, Call Listing Agent NOW!

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Multi-Family Active

Price

$ 1,600,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1448

Year Built

2006

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

OC26053122

Days on Market

1
Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Electric Wall/Window Unit(s) Zoned
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow Negotiable
Roof Shingle
Appliances Electric Oven Free-Standing Range Gas Range Microwave Refrigerator Range Hood
HOA Fee 0
Garage Spaces 0
Architectural Style Custom
Pool Features None
Security Features Carbon Monoxide Detector(s) Fire Detection System Security Gate Smoke Detector(s) Window Bars
Construction Materials Concrete Stucco
Year Built 2006
Electric Electricity - On Property Standard
Tenant Pays All Utilities Electricity Gas Sewer Trash Collection Telephone
View City Lights Neighborhood
Levels Three Or More
Property Subtype Quadruplex
Gross Income 92400
Community Features Curbs Gutter(s) Street Lights Sidewalks Urban
Accessibility Safe Emergency Egress from Home No Stairs
County Los Angeles
Net Operating Income 84600
Operating Expense 7800
Insurance Expense 3800
New Construction false
Property Type Residential Income
HOA false
Contingency No Contingencies
MaintenanceExpense 4000
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions From MARTIN LUTHER KING JR BLVD Heading EAST Go SOUTH on MCKINLEY AVE Then Go EAST on 40th PL SUBJECT PROPERTY Located Middle of 40TH PL on LEFT SIDE
City Los Angeles
Disclosures City Inspection Required Rent Control
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 6
Number Of Units Total 4
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 6309
Carport Spaces 3
Carport Y/N true
Number of Units Leased 4
Listing Terms Cash Cash to New Loan Conventional FHA Submit
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Current Financing Conventional
Property Condition Additions/Alterations Updated/Remodeled Turnkey
Trash Expense 0
Walk Score 78
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 Builder
Tax Lot 15
Total Actual Rent 7700
Property Sub Type Additional Quadruplex
Cap Rate 5.2
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Interior
Interior Amenities Block Walls Ceiling Fan(s) Granite Counters Multiple Staircases Quartz Counters Recessed Lighting Storage Bedroom on Main Level Galley Kitchen Main Level Primary
Flooring Tile Vinyl Wood
Fireplace Features None
Total Stories 3
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Screens
Fireplace Y/N false
Laundry Features Washer Hookup Electric Dryer Hookup Inside Laundry Room
Entry Level 1
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Exterior
Fencing Block
Parking Features Attached Carport Assigned Concrete Driveway Level On Site Side By Side
Lot Features Level Near Public Transit Rectangular Lot Street Level
Water Source Public
Total Parking 9
Lot Size Area 6309
Foundation Details Slab
Number of Buildings 1
Spa false
Building Area Total 4700
Lot Size Acres 0.1448
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Door Features Storm Door(s)
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 5
Road Frontage Type City Street
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* Excluded Features
List By
Exp Realty Of Southern California, Inc

Broker

justinyeerealty@gmail.com

Email

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$9,851
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Monthly Principal & Interest
$9,851
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/13/2026$1,600,000 Listed Price

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879 E 40th Place, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $1,600,000 with 4,700 sqft and a lot size of 0.1448. 879 E 40th Place is a studio with 1.0 baths and was built in 2006. The property's zip code is 90011 which is in Los Angeles, CA

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