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879 E 40th Pl , Los Angeles, CA 90011
$1,600,000
Est. Payment: $8,019.89/mo
11 Bed
5 Bath
4334 Sqft
Status: active | Days on site: 26
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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!
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Highlights

Listed by Justin Yee , 949-759-0500 eXp Realty of Southern California, Inc , 888-584-9427. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential
Lot/Acreage
0.14

Year Built

2006

County

Los Angeles

Area

C42 - Downtown L.A.

 School District

Los Angeles Unified

Listing ID

OC26056394

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:11
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:5
Appliances:Electric Oven, Free-Standing Range, Gas Range, Microwave, Refrigerator, Range Hood
Air Cond:Electric,Wall/Window Unit(s),Zoned
Fireplaces:
Floor:Tile,Vinyl,Wood
Other:Breakfast Bar,Breakfast Area,Ceiling Fan(s),Eat-in Kitchen,Granite Counters,Multiple Staircases,Quartz Counters,Recessed Lighting,Storage,Bedroom on Main Level,Galley Kitchen,Main Level Primary
Other:Public

Exterior Features

Lot:Level,Near Public Transit,Rectangular Lot,Street Level,No Land Lease
Garage Capacity:10
Zoning:LARD1.5
Roof:Shingle
Others:Updated/Remodeled,Turnkey,Concrete,Stucco,2+ Total Units
Sewer:Public Sewer
Parking Features:Attached Carport,Assigned,Concrete,Covered,Carport,Driveway Level,Gated,On Site,Paved,One Space
Principal Interest
$8,020
Taxes
$1,020

Home Price

$1,600,000

Loan Details

30 yrs
6.416%

Down Payment

20%
$320,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,019.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,019.89 $1,020.00 $0.00 $9,039.89
Yearly $96,238.68 $12,240.00 $0.00 $108,478.68
Total $2,887,160.40 $367,200.00 $0.00 $3,254,360.40
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

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Data last updated: 2026-06-26T01:40:03.000Z

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