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    Los Angeles Duplex Near USC Title is generated by Realmo AI

    708 W 40th, Los Angeles, CA 90037

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    Claim this Listing
    Pending
    $699,000

    Craftsman, Duplex - Los Angeles, CA

    Type:Duplex
    Property size:
    2,295 SF
    Lot size:
    5,400.00 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    30
    Last Refresh:
    May 23 at 3:06 am

    Property Features for 708 W 40th

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    7
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Interior features
    Balcony, Copper Plumbing Partial, Ceiling Fan(s), Storage, Granite Counters, Carbon Monoxide Detector(s), Window Features: Screens
    Exterior features
    Fence, Community Features Included: Street Lights, Sidewalks, Suburban, Park, 0-1 Unit/Acre, Front Yard, Back Yard
    Fencing
    Fenced
    Appliances
    Oven - Gas, Range, Range - Gas
    Standard status
    Pending
    APN
    5019024005
    Size
    2,295 SF
    Lot size
    5,400.00 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Marina Burgos
    Marina Burgos

    Listing agent Marina Burgos License #01818048

    Listing office Park Regency Realty 9275 Corbin Ave., Granada Hills, CA

    Listing date Apr 24, 2026

    MLS# SR26089504 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location: Walking distance to BMO Stadium, Coliseum (2028 Olympics venue), Lucas Museum, Natural History Museum, California Science Center, USC, and Expo Line.
    • High‑demand rental market in a Qualified Opportunity Zone (LARD1.5) offering potential for expansion or modernization.
    • Two units: Downstairs unit with 4 bedrooms, 2 bathrooms, and in‑unit laundry; Upstairs unit with 3 bedrooms, 1 bathroom, and in‑unit laundry area.
    • Recent upgrades: New roof (2024), exterior paint (2024), and updated electrical panels (2023).
    • Secure property: Iron fence and controlled access via remote entry.
    • Ample parking: 7 car spaces available in the rear.

    Overview

    This well-maintained duplex is located in a Qualified Opportunity Zone. The property offers the flexibility to grow or modernize the building further. The roof was replaced in 2024, and copper plumbing is installed throughout. The exterior was painted in 2024, and the electrical panels in both apartments were updated in 2023. Separate gas and electric meters are present. The property is within walking distance of several attractions, including the BMO soccer stadium and the Coliseum (5-minute walk), the Lucas Museum of Narrative Art, the Natural History Museum, and the California Science Center (7-minute walk), and USC and the Expo Line Station (10-minute walk). The Coliseum will be one of the venues for the 2028 Olympics. Quick access to the 10 & 110 Freeways facilitates commuting, and LAX is 20 minutes away. The downstairs unit (708 W. 40th Pl) features a spacious and bright living room, 4 large-sized bedrooms, 2 full bathrooms, and in-unit laundry. The upstairs unit (708 ½ W. 40th Pl) includes 3 large-sized bedrooms, 1 full and spacious bathroom, and an in-unit laundry area. Efficient ceiling fans are installed in every bedroom. Seven car spaces are available in the rear. The building is secured with an iron fence and controlled access via remote entry.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $426.0K
    NOI $38,344 @ 9.00% cap · cautious / downside scenario
    Moderate
    $547.8K
    NOI $38,344 @ 7.00% cap · market / base-case scenario
    Aggressive
    $766.9K
    NOI $38,344 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $56.2k $24.48
    − Vacancy −$1.4k −$0.61
    EGI $54.8k $23.87
    − OpEx −$16.4k −$7.16
    NOI $38.3k $16.71
    2,295 SF · lease $24.48/SF/yr · vacancy 2.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $547.8K
    $479.3K – $639.1K (±1% cap)
    NOI $38,344 @ 7.0% cap · market cap 5.49%
    Second Best
    Apartment 5plus
    $486.9K
    $426.0K – $568.0K (±1% cap)
    NOI $34,080 @ 7.0% cap · market cap 4.88%
    Theoretical Best
    Office A
    $899.3K
    $786.9K – $1.05M (±1% cap)
    NOI $62,949 @ 7.0% cap · market cap 9.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2862
    Latitude
    34.0104

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex near USC and multiple attractions.
    Where is this duplex located?
    The property is located at 708 W 40th Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Prime location: **Walking distance to BMO Stadium, Coliseum (2028 Olympics venue), Lucas Museum, Natural History Museum, California Science Center, USC, and Expo Line**.; High‑demand rental market in a Qualified Opportunity Zone (LARD1.5) offering potential for expansion or modernization.; Two units: Downstairs unit with 4 bedrooms, 2 bathrooms, and in‑unit laundry; Upstairs unit with 3 bedrooms, 1 bathroom, and in‑unit laundry area.
    (818) 312-4291
    We can help!
    Listing Contact
    Marina Burgos
    Marina Burgos
    Real Estate License ID: 01818048
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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