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712 W 40th Pl 3 Unit Apartment Building Offered at $920,000 at a 7.16% Cap Rate Los Angeles, CA 90037
Executive Summary
Prime income-producing opportunity in Los Angeles, located in the desirable Exposition Park and University Park area just south of the University of Southern California campus, about one to two miles from the heart of campus in the University Park neighborhood. 712 to 714 W 40th Pl, Los Angeles, CA 90037 is a fully occupied triplex featuring one duplex with a shared wall and a back house, with on-site parking and a detached one-car garage. The property is fully gated and features recent capital improvements, including roof, windows, security bars, and a concrete driveway. Delivered with tenants in place, this asset offers immediate and consistent rental income and is centrally located near major freeways, public transportation, and local amenities, making it an ideal investment in a strong rental market.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$88,800
|
$43.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$88,800
|
$43.44
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$22,968
|
$11.24
|
| Net Operating Income |
$65,832
|
$32.21
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $88,800 |
| Annual Per SF | $43.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $88,800 |
| Annual Per SF | $43.44 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $22,968 |
| Annual Per SF | $11.24 |
| Net Operating Income | |
|---|---|
| Annual | $65,832 |
| Annual Per SF | $32.21 |
Property Facts
| Price | $920,000 | No. Units | 3 |
| Price Per Unit | $306,667 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 2,044 SF |
| Cap Rate | 7.16% | No. Stories | 1 |
| Gross Rent Multiplier | 10.12 | Year Built | 1923 |
| Price | $920,000 |
| Price Per Unit | $306,667 |
| Sale Type | Investment |
| Cap Rate | 7.16% |
| Gross Rent Multiplier | 10.12 |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 2,044 SF |
| No. Stories | 1 |
| Year Built | 1923 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,039 | 622 |
| 2+1 | 1 | $1,272 | 672 |
| 2+2 | 1 | $2,300 | 750 |
1 1
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 5019-024-004 | Improvements Assessment | $160,768 (2025) |
| Land Assessment | $241,155 (2025) | Total Assessment | $401,923 (2025) |
Property Taxes
Parcel Number
5019-024-004
Land Assessment
$241,155 (2025)
Improvements Assessment
$160,768 (2025)
Total Assessment
$401,923 (2025)
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