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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Los Angeles / 879 E 40th Place
879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 879 E 40th Place Los Angeles, CA 90011 View All Photos

$1,600,000

| Active

879 E 40th Place

Los Angeles, CA 90011

4,334
Square Feet
11
Beds
5
Baths
0.15
Acres
176
Days on Market
OC26056394
MLS#
Townhouse
Structure
Residential
Zone
Contact
Listing OfficeeXp Realty of Southern California, Inc

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!

Property Details
Interior
Breakfast Bar, Breakfast Area, Ceiling Fans, Eat In Kitchen, Granite Counters, Multiple Staircases, Quartz Counters, Recessed Li
Cooling
1
Heating
Wall Furnace
Cooling Features
Electric, Wall Window Units, Zoned
Bedrooms
11
Bathrooms
5.0
Full Baths
5
View
City Lights,Neighborhood
Lot Features
Level, Near Public Transit, Rectangular Lot, Street Level
Stories
3
Lot Description
Level, Near Public Transit, Rectangular Lot, Street Level
Acres
0.145
Square Feet
4334.0
Lot Size (sqft)
6309.0
Parking Features
Attached Carport, Assigned, Concrete, Covered, Carport, Driveway Level, Gated, On Site, Paved, One Space
Parking Spaces
10.0
Parking Type
Garage
Parking Garage Spaces
0.0
Parking Carport Spaces
3.0
Property Type
Purchase
Style
Custom
Property Subtype Additional
Quadruplex
Year Built
2006
Foundation
Slab
Roof
Shingle
Sewer Information
Public Sewer
Utility Source
Public
Utility Features
Electricity Connected, Sewer Connected, Water Connected
Appliances
Electric Oven, Free Standing Range, Gas Range, Microwave, Refrigerator, Range Hood
Community Features
Curbs, Street Lights, Sidewalks, Urban
School District
Los Angeles Unified
County
Los Angeles
Region
Los Angeles
Zoning
LARD1.5
Original List Price
$1,600,000
Days on Market (Cumulative)
176
HOA Fees
0.0
MLS #
OC26056394
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by Justin Yee (#OCYEEJUS)
Listing Office: eXp Realty of Southern California, Inc (#OC16026)

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