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Listed by: Jonathan Kim (818) 949-8220 DRE #01419100 | Equity Union (661) 516-2064
$699,000
Monthly Est:$3,479
4 Beds
4 Baths
2,229sqft
737 East 40th, Los Angeles, CA 90011
$699,000
$3,479/moEst:
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Quadruplex
Built in 1908
$-- HOA
8,210 sqft lot
$314/sq.ft
Description
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.
- Houzeo last checked: 3 minutes ago
- Listing updated: October 1, 2026 at 1:10 pm
- Source: California Regional MLS-CA | MLS#: SR26212793
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1908
HOA Fees
-
Finished Area
2,229 sqft
Lot Size
8,210 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SR26212793
MLS Status
Active
Days on Market
34
Cumulative Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Interior
Sewer
Public Sewer
Utilities & Energy
Water Source
Public
Pool Features
None
Laundry Features
None
Other Features
Community Features
Urban
Price History
| Date | Event | Price |
|---|---|---|
09/30/2026 Source: | Listed for Sale | $699,000 $314/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 04, 2026, 05:15AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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