1245 E 40th Place, Los Angeles, CA 90011

About this property

1245 & 1247 E40th Pl is a charming five unit apartment building in the heart of South Los Angeles. The property is comprised of two structures, including a 3 bedroom 1 bath front house and four 2 bedroom 1 bath apartment units. The current owner has upgraded each of the five units to the highest standard by adding hardwood floors to the 2 bedroom units, new kitchen cabinets, counter tops, and recessed lighting. Two of the units offer washer and dryer hookups. Other features include custom stone and tile placements in the kitchens, bathrooms, and breakfast nooks. Three (3) of the units house section 8 tenants, providing extremely reliable rate rental collections. The property is conveniently located just a short drive to the 10 and 110 freeways allowing tenants access to all of the major employment hubs in Los Angeles including the University of Southern California and Downtown Los Angeles nearby . Tenants benefit from a walk score of 76 allowing most errands to be performed by foot.

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$1,092,000

Sold February 2023 · listed $1,125,000, orig. $1,150,000, on market October 2022 · MLS #22216851 · Source: CRMLS

Listing Agent: Robert Narchi · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Robert Narchi · Marcus & Millichap

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