4-Unit
811 W 40th, Los Angeles, CA 90037
For Sale
$1,150,000
LAR3-zoned residences include a mix of two- and three-bedroom layouts.
Property Size4,520 SF
Price / SF$270.59
Days on Market50
Property Features for 811 W 40th
General Information
Standard status
Size
Property subtype
Zoning
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Units
Listed By:
David Ramirez
Source:
Elliman
Added: Sep 26
Changed: Nov 2
Last Checked: Nov 12 at 8:18AM
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 David Ramirez
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Investment Insights
Based on property information with market context.
Built in 1916, this Los Angeles quadplex contains 4,250 square feet across four units: two with three bedrooms and two with two bedrooms. One three-bedroom unit is vacant. The property is zoned LAR3.
The property is minutes from the University of Southern California, the LA Coliseum, and Exposition Park museums. Walk Score is 85, Bike Score is 82, and Transit Score is 66.
The property is minutes from the University of Southern California, the LA Coliseum, and Exposition Park museums. Walk Score is 85, Bike Score is 82, and Transit Score is 66.
Key Highlights
- Four‑unit configuration with two 3BR residences and two 2BR residences
- 4,250 square feet of interior space
- LAR3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,007
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,140
$1.4M
Cap Rate 7%
$1,014,386
$1.0M
Cap Rate 9%
$788,967
$789.0K
Market Conditions
NOI Build-Up for 4,250 SF
Gross rent
$104.0K $24.48/SF
− Vacancy
−$2.6K −$0.61/SF
EGI
$101.4K $23.87/SF
− OpEx
−$30.4K −$7.16/SF
NOI
$71.0K $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%
$1,420,140
Cap Rate 7%
$1,014,386
Cap Rate 9%
$788,967
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.6K – $1.18M
NOI $71,007 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$901.6K
$788.9K – $1.05M
NOI $63,112 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,571 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
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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
$632,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - LAR3-zoned residences include a mix of two- and three-bedroom layouts.
Where is this quadplex located?
The property is located at 811 W 40th 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: Four‑unit configuration with two 3BR residences and two 2BR residences; 4,250 square feet of interior space; LAR3 zoning
