7
See all 7 photos
$699,000
Est. payment /mo
4 Beds
4 Baths
8,210 Sqft Lot
New
737 E 40th Los Angeles, CA 90011
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26212793
Bedrooms 4
Lot Size 8,210 Sqft
Property Sub-Type Res Income 2-4 Units
Property 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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Martin Luther King to Avalon to 40th
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5114005026
Acceptable Financing Cash
Listing Terms Cash
Listed by Jonathan Kim, DRE#01419100 Equity Union
NEARBY SCHOOL & BUSINESS
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