Listing provided courtesy of Jonathan Kim of Equity Union. Last updated 2026-10-14 08:10:59.000000. Listing information © 2026 Sandicor.
Asking Price: $699,000 |
737 40th, Los Angeles CA 90011
Community: C42 - Downtown L.A.
This Quadruplex property was built in 1908 and is priced at $699,000. Please see the additional details below.
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.
