4-Unit Multifamily
New
For Sale
$699,000
737 E 40th, Los Angeles, CA 90011
Three residential buildings contain two two-bedroom houses and a duplex with two studio apartments.
Property Size2,229 SF
Lot Size0.19 Acres
Price / SF$313.59
Days on Market2
Property Features for 737 E 40th
General Information
Standard status
Active
Size
2,229 SF
Total Parking Spaces
7
Lot size
0.19 Acres
Property subtype
Investment
Zoning
LARD2
Occupancy
100%
Financials
Cap Rate
6.33%
Gross Income
$62,700
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 2 x studio
Multifamily Units
4
Building Details
Building Size
2,229 SF
Year Built
1908
Buildings
3
Units
4
Listed By:
Jonathan Kim · License #01419100
(818) 949-8220
Source:
Elliman
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 2 at 2:17AM
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 Jonathan Kim
Investment Insights
Based on property information with market context.
Built in 1908, this four-unit property comprises three detached structures: two houses, each with two bedrooms and one bathroom, plus a duplex containing two studio apartments. The buildings provide 2,229 square feet of living space on an 8,208-square-foot lot zoned LARD2. All units are occupied, and the property has a 6.33 cap rate. Each unit is separately metered; the owner covers water. On-site parking accommodates seven vehicles.
At 737 E 40th in Los Angeles, the property is east of the 110 Freeway and south of Martin Luther King Jr. Boulevard. USC, Exposition Park, the Los Angeles Memorial Coliseum, and Downtown Los Angeles are described as minutes away. The property has a Bike Score of 82 and a Transit Score of 66.
At 737 E 40th in Los Angeles, the property is east of the 110 Freeway and south of Martin Luther King Jr. Boulevard. USC, Exposition Park, the Los Angeles Memorial Coliseum, and Downtown Los Angeles are described as minutes away. The property has a Bike Score of 82 and a Transit Score of 66.
Key Highlights
- Three detached buildings configured as two houses and a duplex
- Two houses each have 2 bedrooms and 1 bathroom; duplex includes two studio apartments
- 2,229 square feet of living space on an 8,208‑square‑foot LARD2 lot
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,813
Businesses Nearby
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Three residential buildings contain two two-bedroom houses and a duplex with two studio apartments.
Where is this quadplex located?
The property is located at 737 E 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: Three detached buildings configured as two houses and a duplex; Two houses each have 2 bedrooms and 1 bathroom; duplex includes two studio apartments; 2,229 square feet of living space on an 8,208‑square‑foot LARD2 lot
