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.

Property details

Year built

1908

Property type

Residential Income

Lot size

8,210 sqft

Location

737 E 40th • Los Angeles, CA 90011

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Listed by

Jonathan Kim · Equity Union

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725 E 40th Place: Sold $800,000 · Sep 2026 · 0.0 mi
Compass | DRE #01817345
Buyer's agent: Edwin Rivera, Keller Williams Premier Properties | DRE #01965531
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Buyer's agent: Maria Enciso, Century 21 Allstars | DRE #01903328
814 East 41st Street: Sold $595,000 · 4 bd · 2 ba · 1,341 sqft · Sep 2026 · 0.1 mi
T.N.G. Real Estate Consultants | DRE #01093554
Buyer's agent: Maria Felix, Century 21 LOTUS | DRE #02206502
731 E 41st Place: Sold $1,045,000 · May 2026 · 0.1 mi
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4014 Mckinley Avenue: Sold $970,000 · Sep 2026 · 0.1 mi
Century 21 A Better Service | DRE #02013961
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917 E 40th: Sold $950,000 · May 2026 · 0.2 mi
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811 E 42nd: Sold $699,000 · 4 bd · 2 ba · 1,421 sqft · Aug 2026 · 0.2 mi
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3708 S San Pedro Street: Sold $500,000 · Aug 2026 · 0.3 mi
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Closed sales reported in 90011, nearest first, last 12 months. All recent sales in Los Angeles →

Residential Income - 737 E 40th, Los Angeles, CA