Log In/Sign Up
Your email has been sent.
917 E 40th Pl - 7 Units on Big Lot 7 Unit Apartment Building Offered at $950,000 at a 4.17% Cap Rate Los Angeles, CA 90011
Investment Highlights
- Fully Occupied w/ Huge Upside in Rents.
- Value Add Opportunity
- Big Lot Priced Below Market at $75/land SF.
Executive Summary
This fully occupied 7 unit multifamily property is
comprised of four separate buildings on a big 12,567sf
lot zoned RD1.5. All the units are currently tenant
occupied w/ good rent histories, no delinquencies, and the
property offers huge upside in the rents allowing for a
local and/or savvy investor to create value and maximize
rents.
Built in 1924, this property totals 3,600sf in size and
offers a solid unit mix with (7) 2 bed/1 bath bungalow
style units each with a decent layout, full kitchen & bath,
roomy bedrooms, washer/dryer hookups, and some
private patio area.
On a large 0.29acre double size lot, there are two
driveways w/ a total of 10 open parking spaces to
provide ample use by tenants & guests. Well located in
Los Angeles near Downtown, Crypto Arena, & close
proximity to USC and the 110 Freeway.
comprised of four separate buildings on a big 12,567sf
lot zoned RD1.5. All the units are currently tenant
occupied w/ good rent histories, no delinquencies, and the
property offers huge upside in the rents allowing for a
local and/or savvy investor to create value and maximize
rents.
Built in 1924, this property totals 3,600sf in size and
offers a solid unit mix with (7) 2 bed/1 bath bungalow
style units each with a decent layout, full kitchen & bath,
roomy bedrooms, washer/dryer hookups, and some
private patio area.
On a large 0.29acre double size lot, there are two
driveways w/ a total of 10 open parking spaces to
provide ample use by tenants & guests. Well located in
Los Angeles near Downtown, Crypto Arena, & close
proximity to USC and the 110 Freeway.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$86,052
|
$23.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,721
|
$0.48
|
| Effective Gross Income |
$84,331
|
$23.43
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$44,718
|
$12.42
|
| Net Operating Income |
$39,613
|
$11.00
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $86,052 |
| Annual Per SF | $23.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,721 |
| Annual Per SF | $0.48 |
| Effective Gross Income | |
|---|---|
| Annual | $84,331 |
| Annual Per SF | $23.43 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $44,718 |
| Annual Per SF | $12.42 |
| Net Operating Income | |
|---|---|
| Annual | $39,613 |
| Annual Per SF | $11.00 |
Property Facts
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Ceiling Fans
- Carpet
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | 514 |
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (82)
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
917 E 40th Pl - 7 Units on Big Lot
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.