Duplex with Bonus
For Sale
$1,150,000
232 W 40th PL, Los Angeles, CA 90037
A permitted two-unit property includes an additional flex room for varied household or work needs.
Property Size2,060 SF
Lot Size0.15 Acres
Price / SF$558.25
Days on Market53
Property Features for 232 W 40th PL
General Information
Standard status
Active
Size
2,060 SF
Lot size
0.15 Acres
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
South Los Angeles
Highway Access
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
2,060 SF
Year Built
1916
Listing Agency:
Compass
Listed By:
The Carrabba Group
(323) 899-2900
Source:
Carrabbagroup
Added: Sep 5
Changed: Oct 26
Last Checked: Oct 26 at 1:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1916, this permitted duplex contains two living units and an additional bonus room that can serve as flexible space. The 6,529-square-foot lot provides the property’s overall setting, while the two-unit configuration supports separate household arrangements within one property.
USC, Downtown Los Angeles, major freeways, shopping, dining, and sports and entertainment destinations are described as nearby. The property is located at 232 W 40th Pl in Los Angeles.
USC, Downtown Los Angeles, major freeways, shopping, dining, and sports and entertainment destinations are described as nearby. The property is located at 232 W 40th Pl in Los Angeles.
Key Highlights
- Permitted duplex with two living units
- Bonus room offers additional flex space
- 6,529‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,418
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,360
$688.4K
Cap Rate 7%
$491,686
$491.7K
Cap Rate 9%
$382,422
$382.4K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$50.4K $24.48/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$49.2K $23.87/SF
− OpEx
−$14.8K −$7.16/SF
NOI
$34.4K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,360
Cap Rate 7%
$491,686
Cap Rate 9%
$382,422
Alternative Uses
Best Use
Multifamily LT 5
$491.7K
$430.2K – $573.6K
NOI $34,418 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$437.0K
$382.4K – $509.9K
NOI $30,591 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$807.2K
$706.3K – $941.7K
NOI $56,503 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A permitted two-unit property includes an additional flex room for varied household or work needs.
Where is this duplex located?
The property is located at 232 W 40th PL Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Permitted duplex with two living units; Bonus room offers additional flex space; 6,529‑square‑foot lot
