737 E 40th, Los Angeles, CA 90011

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
737 E 40th,Los Angeles, CA 90011
$699,000
  • - Beds
  • - Baths
  • 2,229 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan kim
Office: equity union661-516-2064
MLS#:SR26212793
Source:CRMLS

Price summary

  • Price:$699,000
  • Price per sq. ft.:$313.59

About this home

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.

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Home facts

  • Year built:1908
  • Listing ID #:SR26212793
  • Added:43 day(s) ago
  • Updated:November 12, 2026 at 08:23 PM

Rooms and interior

  • Living area:2,229 sq. ft.

Structure and exterior

  • Year built:1908
  • Building area:2,229 sq. ft.
  • Lot area:0.19 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$699,000
  • Price per sq. ft.:$313.59

Parking

  • Total parking spaces:7
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