Income-Producing Quadplex in South Los
For Sale
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879 E 40th Pl, Los Angeles, CA 90011
Well-maintained 4-unit property with 11 bedrooms and 5 bathrooms.
Property Size4,700 SF
Lot Size0.15 Acres
Price / SF$340.43
Days on Market147
Property Features for 879 E 40th Pl
General Information
Standard status
Active
Size
4,700 SF
Class
C
Total Parking Spaces
10
Lot size
0.15 Acres
Property subtype
Multifamily
Zoning
LARD1.5
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$83,160
Building Details
Year Built
2006
Year Renovated
2006
Buildings
1
Stories
3
Units
4
Listing Agency:
CENTURY 21 Masters
(949) 572-2100
Listed By:
Justin Yee · License #01904338
Source:
Crexi
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 18 at 5:58AM
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 CENTURY 21 Masters
Investment Insights
Based on property information with market context.
This well-maintained quadplex in South Los Angeles presents an investment opportunity in a high-demand rental market. Constructed in 2006 and recently updated, the property features 11 bedrooms and 5 bathrooms within approximately 4,700 square feet of living space, situated on a 6,300 square foot lot. The unit mix includes one 4-bedroom/2-bath unit, one 3-bedroom/1-bath unit, and two 2-bedroom/1-bath units. The property has LARD1.5-1 zoning. Ten private parking spaces are available, including 3 covered carport spaces and 7 uncovered spaces. Each unit is individually metered for gas and electricity. Interior features include shaker kitchen cabinets, newer paint, flooring, windows, sinks, bathroom vanities, showers, recessed lighting, and modern fixtures. A ground floor laundry area is located in ground floor unit #879 with access to the exterior. The property is fully rented and generating approximately $7,700 per month in gross rental income. The property is located close to USC, the future Olympics location, major transportation corridors, retail, and employment hubs. The property is located in a Transit Oriented Communities (TOC Tier 1), ZI-2374 State Enterprise Zone LA, and Transit Oriented Incentive Area 1 (TOIA).
Key Highlights
- High‑income producing 4‑unit property generating approximately $7,700 per month.
- Built in 2006 offering modernized construction.
- Rare amenity of 10 total private parking spaces.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
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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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained 4-unit property with 11 bedrooms and 5 bathrooms.
Where is this quadplex located?
The property is located at 879 E 40th Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High‑income producing 4‑unit property generating approximately $7,700 per month.; Built in 2006 offering modernized construction.; Rare amenity of 10 total private parking spaces.
