879 E 40th Place, Los Angeles, CA 90011

• 11 beds |
• 5 baths |
• 4,334 sqft

Property 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 Re

Listing Status:

Active

Date Added:

March 16, 2026

Data Last Updated:

April 2, 2026 at 4:13AM

Listing Office:

eXp Realty of Southern California, Inc : 888-584-9427

Listing Agent:

Justin Yee : 949-533-1572

MLS ID:

OC26056394

Interior

• General: 2 StaircasesCopper Plumbing PartialGranite CountersRecessed Lighting
• Appliances: MicrowaveRefrigeratorElectric OvenGas Range
• Laundry: ElectricWasher Hookup
• Flooring: Linoleum/VinylTileWood
• A/C: Wall/WindowZoned Area(s)Electric
• Heating: Wall/Gravity
• Fireplace: N/K
• Disability Feature: 2+ Access ExitsNo Interior Steps

Exterior

• General: N/K
• Style: Custom Built
• Pool: N/K
• Parking: AssignedGatedParking spaces: 10

Construction

• Roofing: Shingle
• General: StuccoConcrete3

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: LARD1.55114012007
• View: NeighborhoodCity Lights

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: California Regional MLS