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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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