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879 E 40th PlaceLos Angeles, CA 90011

Single Family · 11 Beds · 5 Full Baths · 4,334 Sq. ft. | 0.14 Acres
$1,600,000 Active

879 E 40th Place Overview

Time on Site:
105 days
Visits:
0

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!

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879 E 40th Place Facts & Features

  • Type Single Family
  • Sq. ft. 4,334
  • Price/Sq.ft. $369
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

School Information

  • School District: Los Angeles Unified

Listing Information

  • Contingency: N/A

Building Information

  • New Construction: No
  • Year Built: 2006

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C42 - Downtown L.A.
  • Postal City: LOS ANGELES
  • Walk Score: 77

Community/Development

  • Community Features: Curbs,Street Lights,Sidewalks,Urban

Rent/Lease Information

  • Land Lease: No
  • Lease Considered: No

General Information

  • Disclosures: City Inspection Required,Rent Control
  • Listing Terms: Cash,Cash to New Loan,Conventional,Cal Vet Loan,FHA,Submit,VA Loan
  • Parcel Number: 5114012007
  • Property Condition: Updated/Remodeled,Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: LARD1.5

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 5
  • Bathrooms Total: 5
  • Bedrooms Total: 11

General Information

  • Accessibility Features: Safe Emergency Egress from Home,No Stairs
  • Appliances: Electric Oven,Free-Standing Range,Gas Range,Microwave,Refrigerator,Range Hood
  • Common Walls: No Common Walls
  • Electric: Standard
  • Entry Level: 1
  • Entry Location: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Tile,Vinyl,Wood
  • Foundation Details: Slab
  • Interior Features: Breakfast Bar,Breakfast Area,Ceiling Fan(s),Eat-in Kitchen,Granite Counters,Multiple Staircases,Quartz Counters,Recessed Lighting,Storage,Bedroom on Main Level,Galley Kitchen,Main Level Primary
  • Laundry Features: Washer Hookup,Electric Dryer Hookup,Inside,Laundry Room
  • Levels: Three Or More
  • Living Area: 4334.0
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Security Features: Carbon Monoxide Detector(s),Fire Detection System,Security Gate,Smoke Detector(s),Window Bars
  • Spa Features: None
  • Spa: No
  • Stories Total: 3
  • Window Features: Insulated Windows,Screens

Exterior

Parking Information

  • Open Parking Spaces: 7.0
  • Parking Features: Attached Carport,Assigned,Concrete,Covered,Carport,Driveway Level,Gated,On Site,Paved,One Space
  • Parking Total: 10.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Level,Near Public Transit,Rectangular Lot,Street Level
  • Lot Size Acres: 0.1448
  • Lot Size Area: 6309.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6309.0
  • Lot Size Units: Square Feet
  • Road Surface Type: Paved
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Architectural Style: Custom
    • Construction Materials: Concrete,Stucco
    • Patio And Porch Features: Concrete,Covered,Front Porch,Porch
    • Property Attached: No
    • Roof: Shingle
    • Structure Type: Quadruplex

    General Information

    • Carport Spaces: 3.0
    • Carport: Yes
    • Fencing: Block
    • Number Of Units Total: 4
    • Pool Features: None
    • Pool Private: No
    • Road Frontage Type: City Street
    • Sewer: Public Sewer
    • Utilities: Electricity Connected,Sewer Connected,Water Connected

    879 E 40th Place Neighborhood

    Community

    90011 (LOS ANGELES) Demographics

    30
    Median Age
    25,839
    Population Density (per sq. mile)
    11%
    College Educated
    $44,616
    Estimated Median Income
    6,904
    Estimated Total Home Owners
    17,923
    Estimated Total Renters
    28% / 72%
    Estimated Owner / Renter Divide
    4
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    879 E 40th Place Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    879 E 40th Place Market Data

    Based on the last 30 days in this zip code

    $806,529
    Average List Price
    $435
    Average Price per Square Foot
    5
    Properties Sold
    126
    Average Days on Market
    81
    Properties for Sale
    Calculations provided by Reliance Network

    879 E 40th Place History

    Date Event Value Agent
    3/16/2026Source: CRMLS Added to Database
    March 16, 2026
    3/13/2026Source: CRMLS Added to Database
    March 13, 2026
    Listing provided courtesy of eXp Realty of Southern California, IncJustin Yee- MLS# OC26056394MLS ProviderContact Information: [email protected] - 888-584-9427