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879 E 40th Place Los Angeles, CA $ 1,600,000
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$ 1,600,000 Get more info
879 E 40th Place
$ 1,600,000
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Open House 3/21 1pm - 2pm
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879 E 40th Place

Los Angeles, CA, 90011
$ 1,600,000
Bedrooms11 Baths5.0 Sq 4,334

Monthly Estimate*

$ 9,851

Listed by eXp Realty of Southern California, Inc
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Multi-Family Home for sale in Los Angeles, CA

for $1,600,000 with 11 bedrooms and 5 full baths. This 4,334 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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Open House

3/21/2026 1:00 PM - 2:00 PM
879 E 40th Place Los Angeles, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
Multi-Family Active

Price

$ 1,600,000

Bedrooms

11

Full Bath

5

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

OC26056394

Days on Market

3
Features
General
Living Area 4334
Sewer Public Sewer
Heating Wall Furnace
Cooling Electric Wall/Window Unit(s) Zoned
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow Negotiable
Roof Shingle
Appliances Electric Oven Free-Standing Range Gas Range Microwave Refrigerator Range Hood
Zoning LARD1.5
HOA Fee 0
Garage Spaces 0
Patio/Porch Features Concrete Covered Front Porch Porch
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 Standard
View City Lights Neighborhood
Levels Three Or More
Property Subtype Quadruplex
Community Features Curbs Street Lights Sidewalks Urban
Accessibility Safe Emergency Egress from Home No Stairs
County Los Angeles
New Construction false
Property Type Residential
HOA false
Contingency N/A
Garage Y/N false
Full Baths 5
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
High School District Los Angeles Unified
Open Parking Spaces 7
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
Listing Terms Cash Cash to New Loan Conventional Cal Vet Loan FHA Submit VA Loan
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Current Financing Conventional
Property Condition Updated/Remodeled Turnkey
Walk Score 77
Additional Parcels Y/N false
Lease Considered Y/N false
Rent Control Y/N true
Structure Type Quadruplex
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Year Built Source Builder
Tax Lot 15
Property Sub Type Additional Quadruplex
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Interior
Interior Amenities Breakfast Bar Breakfast Area Ceiling Fan(s) Eat-in Kitchen 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 Insulated Windows Screens
Fireplace Y/N false
Laundry Features Washer Hookup Electric Dryer Hookup Inside Laundry Room
Total Bedrooms 11
Entry Level 1
Main Level Bedrooms 4
Main Level Bathrooms 2
Total Baths 5
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Exterior
Fencing Block
Parking Features Attached Carport Assigned Concrete Covered Carport Driveway Level Gated On Site Paved One Space
Lot Features Level Near Public Transit Rectangular Lot Street Level
Water Source Public
Total Parking 10
Lot Size Area 6309
Foundation Details Slab
Spa false
Lot Size Acres 0.1448
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
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
3/16/2026$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 4,334 sqft and a lot size of 0.1448. 879 E 40th Place has 11 bedrooms, 5.0 baths, and was built in 2006. The property's zip code is 90011 which is in Los Angeles, CA

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