737 E 40th Los Angeles, CA ^$ 699,000

737 E 40th

^$ 699,000

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Recently Listed

737 E 40th

Los Angeles, CA, 90011

^$ 699,000

Bedrooms-- Baths1.0 Sq 2,229

Monthly Estimate*

^$ 4,414

Listed by Jonathan Kim, Equity Union, jonathan4re@gmail.com

737 E 40th, Los Angeles, CA 90011 - Image 1

737 E 40th, Los Angeles, CA 90011 - Image 2

737 E 40th, Los Angeles, CA 90011 - Image 3

737 E 40th, Los Angeles, CA 90011 - Image 4

737 E 40th, Los Angeles, CA 90011 - Image 5

737 E 40th, Los Angeles, CA 90011 - Image 6

737 E 40th, Los Angeles, CA 90011 - Image 7

Multi-Family Home for sale in Los Angeles, CA

for $699,000 with 1 full bath. This 2,229 square foot home was built in 1908 on a lot size of 0.1885.

Value-add 4-unit opportunity in the high-demand 90011 corridor, just east of the 110 Freeway and south of MLK Jr. Blvd. Three detached buildings sit on a large 8,208 sq ft LARD2 lot: two separate 2-bed/1-bath houses and a duplex with two studios, totaling 2,229 sq ft of living space. The property is 100% occupied and brings in $5,225/month ($62,700/year) in gross income which translates into 6.33 CAP. Rents are below market, which gives a clear path to higher NOI as units turn over. Units are separately metered, and the owner pays only water. Parking for 7 vehicles. Minutes to USC, Exposition Park, the LA Memorial Coliseum and Downtown LA, with a Walkability Score of 78. An entry-level price for a multifamily asset with cash flow today and room to grow.

Multi-Family Active

Price

^$ 699,000

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1885

Year Built

1908

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR26212793

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 0

Pool Features None

Year Built 1908

Property Subtype Quadruplex

Gross Income 62700

Community Features Urban

County Los Angeles

Net Operating Income 44266

Operating Expense 18434

Insurance Expense 2500

New Construction false

Property Type Residential Income

MaintenanceExpense 1303

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions Martin Luther King to Avalon to 40th

City Los Angeles

Entry Location 1

Senior Community Y/N false

Open Parking Spaces 7

Number Of Units Total 4

MLS Area C42 - Downtown L.A.

Lot Size Units Square Feet

Lot Size Square Feet 8210

Number of Units Leased 4

Listing Terms Cash Cash to New Loan

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 5894

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 15

Total Actual Rent 5225.08

Property Sub Type Additional Quadruplex

Taxes 8737

Interior

Total Stories 1

Common Walls 1 Common Wall

Laundry Features None

Entry Level 1

Exterior

Water Source Public

Total Parking 7

Lot Size Area 8210

Number of Buildings 3

Building Area Total 2229

Lot Size Acres 0.1885

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

* Excluded Features

List By

Jonathan Kim

Listing Agent

Equity Union

Broker

jonathan4re@gmail.com

Affordability Calculator

$4,414

Per Month

Monthly Principal & Interest: $4,414
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,878,745

Percent of Sale Price 169%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/30/2026	$699,000		Listed Price

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737 E 40th, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $699,000 with 2,229 sqft and a lot size of 0.1885. 737 E 40th has 1.0 baths and was built in 1908. The property's zip code is 90011 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 10/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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737 E 40th

Multi-Family Home for sale in Los Angeles, CA

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