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552-560 W 40th Pl
Los Angeles, CA 90037
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Fully vacant five-unit apartment building with a stabilized GRM of 8.14 and stabilized cap rate of 7.88%
- Assumable bridge financing available to help buyer through lease-up phase of ownership
- Convenient surface parking and four on-site storage closets
- Two units recently renovated with fresh paint, new kitchens and new bathrooms
- Potential to build 7-8 small lot homes on the site or potentially more using AB2345 or other affordable city and state laws.
- One block south of Exposition Park
Property Facts
| No. Units | 5 | Building Size | 2,200 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 2024 |
| Building Class | C | Parking Ratio | 3.18/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | LARD1.5, TOC Tier 3 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,200 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 3.18/1,000 SF |
| Zoning | LARD1.5, TOC Tier 3 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Stainless Steel Appliances
- Yard
Site Amenities
- Fenced Lot
- Gated
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 440 |
Property Taxes
| Parcel Number | 5019-023-005 | Improvements Assessment | $369,750 |
| Land Assessment | $816,000 | Total Assessment | $1,185,750 |
Property Taxes
Parcel Number
5019-023-005
Land Assessment
$816,000
Improvements Assessment
$369,750
Total Assessment
$1,185,750
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