737 E 40th
Los Angeles, CA 90011
4
Bed
4
Bath
8,210Sqft(Lot)
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 Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1908Building Area Total: 2229Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 8210 Lot Size Acres: 0.1885 Lot Size Source: Assessor Lot Size Square Feet: 8,210
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Listing Price Information
Listing Price: $699000Cash, CashToNewLoan
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Tax Information
Parcel Number: 5114005026 Tax Lot: 15
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Parking Information
Parking Total: 7
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Location Information
Direction: Martin Luther King to Avalon to 40th WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1472 E 23rd, Los Angeles, CA, 90011 | $908,000 | 10 | 6 | -- | 6,407 Sq. Ft |
| 1343 E 21st Street, Los Angeles, CA, 90011 | $555,000 | 5 | 4 | -- | 6,026 Sq. Ft |
| 1335 1337 E Adams, Los Angeles, CA, 90011 | $2,100,000 | 14 | -- | -- | 6,743 Sq. Ft |
| 5526 Compton Avenue, Los Angeles, CA, 90011 | $450,000 | 3 | 2 | -- | 6,400 Sq. Ft |
| 1580 E 45th Street, Los Angeles, CA, 90011 | $669,000 | 4 | 2 | -- | 5,202 Sq. Ft |
| 1352 23 Rd, Los Angeles, CA, 90011 | $977,500 | 6 | 3 | 2,146 | 5,706 Sq. Ft |
| 4427 Lima, Los Angeles, CA, 90011 | $1,120,000 | 6 | 4 | -- | 7,543 Sq. Ft |
| 1585 E 48th Place, Los Angeles, CA, 90011 | $829,000 | 6 | 4 | -- | 4,350 Sq. Ft |
| 1237 E 28th, Los Angeles, CA, 90011 | $850,000 | 9 | 3 | -- | 6,058 Sq. Ft |
| 4301 Ascot, Los Angeles, CA, 90011 | $788,000 | 8 | 4 | 2,916 | 4,439 Sq. Ft |
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Nearby For Sale
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ByOwner last updated this listing 10/03/2026 @ 20:48
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