737 E 40th, Los Angeles, CA 90011

• 2,229 sqft

Property 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.

Listing Status:

Active

Date Added:

September 30, 2026

Data Last Updated:

October 8, 2026 at 5:16PM

Listing Office:

Equity Union : 661-516-2064

Listing Agent:

Jonathan Kim : 818-949-8220

Contact:

661-312-2215

MLS ID:

SR26212793

Interior

• Laundry: None

Exterior

• Pool: None
• Parking: Parking spaces: 7

Construction

• General: 1

Location

• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 5114005026

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM