125 W 40th Place Los Angeles, CA 90037

$3,700,000
125 W 40th Place, Los Angeles, CA 90037
IV18164112

Single Family Home for sale in Los Angeles, CA

for $3,700,000. This home was built in 1914 on a lot size of 14974.00 Sqft..

Property Information

  • $3,700,000
  • Single Family
  • Active
  • Lot size of 14974.00 Sqft.
  • Built in 1914
  • Los Angeles, CA
  • Southeast Los Angeles Neighborhood
  • Los Angeles County
  • MLS/Web ID is IV18164112
  • Just Listed

Description

Highlight; Huge Upside in Potential Rental Income - Excellent ProForma CAP Rate of 5.85 % / ProForma GRM of 11.12 / Rental Comparables Illustrate a 100% Occupancy Area / Gated Entry / High Infill Location / The apartments located 126 W Martin Luther King Jr. Blvd / 125 W 40th Place Los Angeles, CA are situated on a 0.35 acre lot . This sixteen unit apartment community has an attractive unit mix of 6 one bedroom / one bathroom units, 6 two bedroom / one bathroom units, and four large three bedroom / one bathroom units. The one bedroom units are approximately 775 sq. ft. , the two bedroom units are very large at 875 sq. ft. With the three bedroom units being over 1, 000 sq. ft. The property is centrally located in the Vernon-Main multi-family submarket of Los Angeles, CA.

Interior 2

Building Amenities

  • Laundry

Water Source

  • Public Water

Exterior 1

Land Improvements

  • Curbs

Miscellaneous 1

Commercial

  • Street Parking

† Excluded Feature

Listed By

Broker: LE INVESTMENT GROUP

125 W 40th Place, Los Angeles, CA, 90037 is a Single Family Home for sale at $3,700,000 with a lot size of 14974.00 Sqft.. 125 W 40th Place has 0.0 baths and was built in 1914. The property's zip code is 90037 which is in Los Angeles, CA

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Market Pricing

Average % of sale price Median % of sale price
All listings in Los Angeles $2,266,663 39 % below $1,088,888 71 % below
Single family listings in Los Angeles $2,573,826 30 % below $1,254,500 66 % below

Get the facts about Los Angeles, CA!

Population 3,923,251
Population Growth (since 2000) 6 %
Median Income $52,600
Median Age 35.79
Households w/ Children 29 %

Residential Dwellings

  • Owned 531178
  • Vacant 89476
  • Rented 838663

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