Log In/Sign Up
Your email has been sent.
1040 S Longwood Ave 4 Unit Apartment Building $2,425,000 ($606,250/Unit) 6.92% Cap Rate Los Angeles, CA 90019
Investment Highlights
- Two units delivered vacant
- Spacious floor plans. High ceilings, elegant archways, and abundant natural light.
- Two separate duplexes. Prime Mid-City / Longwood Highlands location. Adjacent Hancock Park and Mid-Wilshire area
Executive Summary
Situated on a tree-lined street in the coveted Mid-City and Longwood Highlands area, 1040 S. Longwood Ave. is an exceptional income property consisting of two separate duplexes on an oversized 8,922 square foot corner lot. With high ceilings, elegant archways, and abundant natural light throughout, the property reflects the timeless charm, an ideal opportunity for an owner/user, with two units delivered vacant. The Longwood building offers a 3-bedroom, 3-bath unit upstairs and a 3-bedroom, 2-bath unit downstairs. Both feature spacious, high-ceiling living rooms with decorative fireplaces and large windows overlooking the quiet street, plus a sunroom off the living room that makes an excellent home office or yoga room. A gracious formal dining room opens to the living room, and a charming breakfast nook includes built-ins. The second building on Edgewood holds two updated 2-bedroom, 2-bath units, each with a large high-ceiling living room with decorative fireplaces and floor-to-ceiling window, a sunroom home office or yoga room, a formal dining room with large windows, and a breakfast nook overlooking the courtyard. Between the buildings, a lush gated courtyard offers a tranquil sitting area perfect for entertaining, accessible to all four units. Two attached garages complete the property. Miracle Mile and Hancock Park adjacent. Just minutes from Larchmont Village, Koreatown, Downtown LA, and the Westside. Nearby attractions include LACMA, the Academy Museum, the Petersen Automotive Museum, The Grove, the Larchmont Farmers Market, and the Wilshire/La Brea Metro D Line station. Pro Forma Cap Rate, income details are scheduled
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$235,080
|
$29.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,052
|
$0.89
|
| Effective Gross Income |
$228,028
|
$28.64
|
| Taxes |
$30,313
|
$3.81
|
| Operating Expenses |
$30,022
|
$3.77
|
| Total Expenses |
$60,335
|
$7.58
|
| Net Operating Income |
$167,693
|
$21.06
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $235,080 |
| Annual Per SF | $29.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,052 |
| Annual Per SF | $0.89 |
| Effective Gross Income | |
|---|---|
| Annual | $228,028 |
| Annual Per SF | $28.64 |
| Taxes | |
|---|---|
| Annual | $30,313 |
| Annual Per SF | $3.81 |
| Operating Expenses | |
|---|---|
| Annual | $30,022 |
| Annual Per SF | $3.77 |
| Total Expenses | |
|---|---|
| Annual | $60,335 |
| Annual Per SF | $7.58 |
| Net Operating Income | |
|---|---|
| Annual | $167,693 |
| Annual Per SF | $21.06 |
Property Facts
| Price | $2,425,000 | Building Class | C |
| Price Per Unit | $606,250 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 7,962 SF |
| Cap Rate | 6.92% | Average Occupancy | 50% |
| Gross Rent Multiplier | 10.3 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1926 |
| Property Type | Multifamily | Parking Ratio | 0.38/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R1-1-O | ||
| Price | $2,425,000 |
| Price Per Unit | $606,250 |
| Sale Type | Investment |
| Cap Rate | 6.92% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 7,962 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 0.38/1,000 SF |
| Zoning | R1-1-O |
Amenities
Unit Amenities
- Dishwasher
- Fireplace
- Washer/Dryer Hookup
- Hardwood Floors
- Sunroom
- Carpet
- Breakfast Nook
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $4,350 | - |
| 3+2 | 1 | $5,200 | - |
| 3+3 | 1 | $5,450 | - |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5083-005-017 | Total Assessment | $2,677,500 (2025) |
| Land Assessment | $1,606,500 (2025) | Annual Taxes | $30,313 ($3.81/SF) |
| Improvements Assessment | $1,071,000 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5083-005-017
Land Assessment
$1,606,500 (2025)
Improvements Assessment
$1,071,000 (2025)
Total Assessment
$2,677,500 (2025)
Annual Taxes
$30,313 ($3.81/SF)
Tax Year
2026
1 of 44
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
1040 S Longwood Ave