879 E 40th PL, Los Angeles, CA 90011

$1,600,000

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Listed by Justin Yee, 949-759-0500 from eXp Realty of Southern California, Inc
(If provided) CoList: from

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List Price: $1,600,000
MLS#: CROC26053122
Status: ACTIVE
Lot Size: 6,309
Listing Area: C42 - Downtown L.A.

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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

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Additional Information

Amenities: Storage Area(s), Window Covering(s), Counter - Stone, Other, Screens
Cooling System: Window / Wall Unit, Central Forced Air - Electric, 9
Energy Features: Ceiling Fan(s), Storm Doors
Foundation: Concrete Slab
Garage Parking: Assigned Spaces, Carport, Common Parking Area, Other, Side By Side
Heating System: Wall Furnace
Laundry Facilities: In Laundry Room, 30, Other, 9
Levels: Three or More Stories
Lot Description: Grade - Level
Lot Size: 6,309
Neighborhood: C42 - Downtown L.A.
Numberof Units: 4
Pool Description: 31, None
Roof: Shingle
Style: Custom
Unincorporated Yn: Yes
View: Neighborhood View, View of City Lights

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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Legacy Real Estate Inc are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.