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879 E 40th Pl , Los Angeles, CA 90011
$1,600,000
Est. Payment: $8,474.65/mo
11 Bed
5 Bath
4334 Sqft
Status: ACTIVE | Days on site: 179
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CR-OC16026 - CR-OCYEEJUS
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Chris Heller
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House Description

Exceptional Investment Opportunity To Acquire A Large Income-Producing 4-Unit Property In The High-Demand South Los Angeles / Downtown LA Rental Market. Well-Maintained Quadplex Offers 11 Bedrooms, 5 Bathrooms And Approximately 4,700 Square Feet Of Total Living Space On A 6,300 Square Foot Lot in LARD1.5-1 Zoning, Making It One Of The Larger Multifamily Assets In The Immediate Area. Unit1: 4Bed/2Bath Unit2: 3Bed/1Bath Unit3: 2Bed/1Bath Unit4: 2 Bed/1Bath. Additionally, With Rare Amenities Of 9 Total Private Parking Spaces (3 Covered Car Port Parking + 6 Private Uncovered This Improves Tenant Retention And Value As Parking Is Sparse In The Area. Individually Separately Metered For Gas And Electricity. The Property Was Fully Rebuilt In 2006 And Has Received Recent Minor Updates, Providing Investors With The Benefit Of Modernized Construction Relative To Surrounding Vintage Housing Stock, Improved Structural Integrity, And Reduced Capital Expenditure Requirements. Interior Features: Shaker Kitchen Cabinets, Newer Paint, Newer Flooring, Newer Windows, Newer Sinks, Newer Bathroom Vanities, Newer Showers, Recessed Lighting, And Modern Fixtures. Ground Floor Laundry Area In Ground Floor Unit #879 With Access To Exterior (Could Be Transformed Into Shared Laundry With Coin-op Laundry, Adding Additional Income). The Property Is Fully Rented, Currently Generating Approximately $7,700 Per Month In Gross Rental Income, Offering Stable Cash Flow From Day One. With The Strong Demand For Affordable Housing In The 90011 Corridor, The Asset Presents A Compelling Opportunity For Continued Re
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Highlights

Listed by Justin Yee , 949-533-1572 eXp Realty of Southern California, Inc , 888-584-9427. San Diego County Multiple Listing Service mls logo

Property Type

Condo/Townhome
Lot/Acreage
0.14

Year Built

2006

County

Los Angeles

Listing ID

OC26056394

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:11
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:5
Appliances:Microwave, Refrigerator, Electric Oven, Gas Range
Air Cond:Electric,Wall/Window,Zoned Area(s)
Fireplaces:N/K
Floor:Linoleum/Vinyl,Tile,Wood
Other:
  • ▪ Additional:2 Staircases, Copper Plumbing Partial, Granite Counters, Recessed Lighting
Water:Public

Exterior Features

Garage Capacity:10
Zoning:LARD1.5
Roof:Shingle
Others:
  • ▪ Additional:Turnkey, Updated/Remodeled
Sewer:Public Sewer
Parking Features:Assigned,Gated
Principal Interest
$8,475
Taxes
$1,020

Home Price

$1,600,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$320,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,474.65

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,474.65 $1,020.00 $0.00 $9,494.65
Yearly $101,695.79 $12,240.00 $0.00 $113,935.79
Total $3,050,873.67 $367,200.00 $0.00 $3,418,073.67

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the San Diego MLS, Inc.. Real estate listings held by brokerage firms other than Heller Real Estate Group | eXp Realty of Southern California | PLACE are marked with the IDX logo. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS.

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Data last updated: 2026-09-23T05:30:00.000Z

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