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Legacy Real Estate Inc
879 E 40th PL, Los Angeles, CA 90011
- $1,600,000
- 11
- BD
- 5
- BA
Listed by Justin Yee, 949-759-0500 from eXp Realty of Southern California, Inc
(If provided) CoList: from
- List Price
- $1,600,000
- MLS#
- CROC26056394
- Status
- ACTIVE
- Levels
- Three or More Stories
- Bedrooms
- 11
- Total Bathrooms
- 5
- Full Bathrooms
- 5
- Lot Size
- 6,309
- Listing Area
- C42 - Downtown L.A.
- Year Built
- 2006
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
Additional Information
- Acres
- 0.14
- Amenities
- Storage Area(s), Double Pane Windows(s), Counter - Stone, Other, Screens
- Bedroom Description
- Primary Suite / Retreat, Ground Floor Bedroom
- Cooling System
- Window / Wall Unit, Central Forced Air - Electric, 9
- Energy Features
- Ceiling Fan(s)
- Family Room
- Other
- Fence
- 2
- Fireplace Description
- None
- Foundation
- Concrete Slab
- Garage Parking
- Assigned Spaces, Carport, Covered Parking, Common Parking Area, Gate / Door Opener, Other, Parking Area
- 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.
- Pool Description
- 31, None
- Roof
- Shingle
- Style
- Custom
- Unincorporated Yn
- Yes
- View
- Neighborhood View, View of City Lights
- Zoning
- LARD1.5
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