$1.60M
879 40th Place, LOS ANGELES, CA 90011
Quadruplex
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!
Property Details
Bedrooms
11
Bathrooms
5
Living Area
4,334 sqft
Lot Size
6,309 sqft
Year Built
2006
View
Yes
Price History
Listed
Mar 16, 2026
$1.60M
Location
Location Scores
What's Nearby
Restaurants, parks, schools, and more within 3 km. Powered by Google Places.
Chick-fil-A
3758 South Figueroa Street, Los Angeles
Five Guys
530 West 27th Street #101, Los Angeles
Sam's Hofbrau
1751 East Olympic Boulevard, Los Angeles
McDonald's
2810 South Figueroa Street, Los Angeles
Chipotle Mexican Grill
3748 South Figueroa Street, Los Angeles
901 Bar and Grill
2902 South Figueroa Street, Los Angeles
Little Caesars
1900 San Pedro Street, Los Angeles
Taqueria Vista Hermosa
3655 South Grand Avenue C-5, Los Angeles
8 places within 3 km · Google Places
Listed by Justin Yee — eXp Realty of Southern California, Inc (MLS# OCYEEJUS)
MLS# OC26056394
Listing data provided by CRMLS (California Regional Multiple Listing Service). Based on information from CRMLS as of 4/12/2026. 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Rose District — DRE# 02356332
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Estimated Monthly Payment
$9,868.72
per month
Loan Amount
$1,280,000
Down Payment
$320,000
Total Interest
$1,708,740
Total Cost
$3,552,740
Rose District
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$1.60M
879 40th Place, LOS ANGELES, CA 90011