737 E 40th, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

737 E 40th

Los Angeles, CA 90011
8,210 Lot Sq Ft
Built 1908
$699,000

Property Overview

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.

Home Details

Property type
Residential Income - Quadruplex
Year built
1908
Lot size
8,210 sq ft
Parking
7 spaces
Stories
1
Days on market
1
MLS status
Active

Features & Amenities

Pool

  • None

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

737 E 40th

Los Angeles, CA 90011

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Frequently Asked Questions About 737 E 40th

Property type: Residential Income

The current asking price is $699,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 737 E 40th. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1908. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 1 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Jonathan Kim
MLS ID: F207094370

Available property

$699,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.