Income-Producing Quadplex in South Los
For Sale
$1,600,000
879 E 40th Place, 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 Market203
Property Features for 879 E 40th Place
General Information
Standard status
Active
Size
4,700 SF
Lot size
0.15 Acres
Property subtype
Quadruplex
Building Details
Building Size
4,700 SF
Year Built
2006
Listing Agency:
eXp Realty of Southern California, Inc
Listed By:
Justin Yee · License #01904338
(949) 572-2100
Source:
Archetyperealty
Added: Mar 13
Changed: Sep 20
Last Checked: Sep 30 at 6:30PM
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 eXp Realty of Southern California, Inc
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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,409
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 - Well-maintained 4-unit property with 11 bedrooms and 5 bathrooms.
Where is this quadplex located?
The property is located at 879 E 40th Place 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.
