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737 E 40thLos Angeles, CA 90011

Los Angeles County

$699,000List price
2,229Sq Ft
1908Year built
0.19Acre lot
1Stories
3 days agoOn market

Description

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.

Property Information

Property type
Residential Income
Sub-type
Quadruplex
Year built
1908
Stories
1
Building area
2,229 Sq Ft
Lot size
0.19 acres
Parking spaces
7
Days on market
3
MLS® Listing#
SR26212793

Property Features

Pool
None
Laundry
None
Sewer
Public Sewer
Water source
Public
Parcel number
5114005026

Directions

Martin Luther King to Avalon to 40th

Listing Courtesy: Equity Union - 661-312-2215

Presented by: Jonathan Kim

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-30T00:00:00.000Z 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.

Licensed in the state of California.

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