Log In/Sign Up
Your email has been sent.
714 W 40th Pl 3 Unit Apartment Building Offered at $690,000 at a 9.96% 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. **There is an active Tenant Improvement Program with the City of L.A. An application to pass through tenant improvement costs to the tenants is currently under review by Housing. Approval may result in an increase to the rent roll.**
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$88,800
|
$30.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$88,800
|
$30.65
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,343
|
$7.37
|
| Net Operating Income |
$67,457
|
$23.28
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $88,800 |
| Annual Per SF | $30.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $88,800 |
| Annual Per SF | $30.65 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $21,343 |
| Annual Per SF | $7.37 |
| Net Operating Income | |
|---|---|
| Annual | $67,457 |
| Annual Per SF | $23.28 |
Property Facts
| Price | $690,000 | Property Type | Multifamily |
| Price Per Unit | $230,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 2,897 SF |
| Cap Rate | 9.96% | No. Stories | 1 |
| Gross Rent Multiplier | 7.77 | Year Built | 1923 |
| No. Units | 3 |
| Price | $690,000 |
| Price Per Unit | $230,000 |
| Sale Type | Investment |
| Cap Rate | 9.96% |
| Gross Rent Multiplier | 7.77 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.12 AC |
| Building Size | 2,897 SF |
| No. Stories | 1 |
| Year Built | 1923 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,094 | 622 |
| 2+1 | 1 | $1,327 | 672 |
| 2+2 | 1 | $2,355 | 750 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
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)
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
714 W 40th Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.