206 E Avenue 40, Los Angeles, CA 90031
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
206 E Avenue 40,Los Angeles, CA 90031
$865,000
- 7 Beds
- 7 Baths
- 2,864 sq. ft.
- Multi-family
- Pending
Listed by: robert leveen
Office: robert leveen213-995-6684
MLS#:26662129
Source:CRMLS
Price summary
- Price:$865,000
- Price per sq. ft.:$302.03
About this home
We are pleased to present Avenue 40 Apartments located at 206 E. Avenue 40 in Los Angeles. The property is located on a quiet residential street nestled between Cypress Park and Highland Park. The charming seven unit complex was originally constructed in 1921 and had a major renovation in 2011. Significant upgrades were completed to the plumbing and electrical systems. New roofs were installed on three of the bungalows. Further, 206, 206 , and 208 have had major remodels since that time when the units became vacant. Total capex exceeds $150,000. The 2,864 SF property is comprised of six x studio/one bath, and one x one bedroom/one bath detached bungalows. There are individual water heaters (5 are tankless) and the property is separately metered and ownership only pays for water and sewer. The property is subject to city of Los Angeles Rental Stabilization Ordinance. Highland Park has enjoyed a renaissance over the last decade as a hip place to live. New restaurants and shopping have created a local economic engine, driving up property values and rents. The property is ideally situated to take advantage of the local burgeoning economy, and also has easy access to I-110 and I-5. Further, Metro's Heritage Square A Line station is less than a 10 minute walk from the property. The offering is an ideal opportunity for an investor to take advantage of a turnkey bungalow property. The property is 100% occupied. Priced at a 6.54% CAP upon acquisition, and major capital expenditures completed, this is an excellent low maintenance opportunity with approximately 40% rental upside....
Contact an agent
Home facts
- Year built:1921
- Listing ID #:26662129
- Added:91 day(s) ago
- Updated:June 09, 2026 at 07:32 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:7
- Kitchen Description:Oven, Refrigerator
- Living area:2,864 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
Structure and exterior
- Year built:1921
- Building area:2,864 sq. ft.
- Lot area:0.17 Acres
- Architectural Style:Bungalow
- Levels:1 Story
Finances and disclosures
- Price:$865,000
- Price per sq. ft.:$302.03
Features and amenities
- Amenities:Carbon Monoxide (CO2) Detector
Parking
- Total parking spaces:1
- Parking description:Driveway
New listings near 206 E Avenue 40
- New
$828,000Active2 beds 2 baths1,088 sq. ft.10535 Wilshire Boulevard #1610, Los Angeles, CA 90024
MLS# 26843437Listed by: BEVERLY & COMPANY LUXURY PROPERTIES - New
$1,695,000Active2 beds 2 baths1,945 sq. ft.10445 Wilshire Boulevard #905, Los Angeles, CA 90024
MLS# 26843545Listed by: HILTON & HYLAND - New
$3,800,000Active36 beds 36 baths9,560 sq. ft.3754 S Harvard Boulevard, Los Angeles, CA 90018
MLS# 26843729Listed by: LYON STAHL INVESTMENT REAL ESTATE, INC. - Coming Soon
$1,825,000Coming Soon4 beds 2 baths15431 Milbank Street, Encino, CA 91436
MLS# 26844027Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - Open Sat, 1 to 4pmNew
$1,899,000Active5 beds 3 baths2,610 sq. ft.22935 Sylvan Street, Woodland Hills, CA 91367
MLS# 26845019Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE SOCAL - Coming Soon
$975,000Coming Soon2 beds 2 baths8238 W Manchester Avenue #206, Playa Del Rey, CA 90293
MLS# 26845027Listed by: DEL REY URBAN BROKERAGE INC - New
$985,000Active2 beds 2 baths1,260 sq. ft.10260 Marcus, Tujunga, CA 91042
MLS# BB26124234Listed by: BERKSHIRE HATHAWAY HOMESEVICES CREST REAL ESTATE - New
$499,900Active1 beds 1 baths830 sq. ft.1731 Colby Avenue #104, Los Angeles, CA 90025
MLS# SB26124390Listed by: AMBERWOOD REAL ESTATE, INC. - Coming Soon
$1,250,000Coming Soon-- beds -- baths11234 Hatteras, North Hollywood, CA 91601
MLS# SB26124609Listed by: LYON STAHL INVESTMENT REAL ESTATE, INC. - Coming Soon
$999,000Coming Soon2 beds 1 baths5567 W West 79th Street, Los Angeles, CA 90045
MLS# SR26122460Listed by: COLLIN ST. JOHNS REAL ESTATE, INC.