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Listed by Equity Union, Jonathan Kim, Listing Contact: 818-949-8220

$699,000

737 E 40th, Los Angeles CA, 90011

Price per sqftN/A
Built in1908
Property typeResidential

Overview

Active

Listed Sep 30, 2026

Updated 5 days ago

Value-add 4-unit opportunity in the high-demand 90011 corridor, just east of the 110 Freeway and south of MLK Jr. Blvd. Three detached buildings sit on a large 8,208 sq ft LARD2 lot: two separate 2-bed/1-bath houses and a duplex with two studios, totaling 2,229 sq ft of living space. The property is 100% occupied and brings in $5,225/month ($62,700/year) in gross income which translates into 6.33 CAP. Rents are below market, which gives a clear path to higher NOI as units turn over. Units are separately metered, and the owner pays only water. Parking for 7 vehicles. Minutes to USC, Exposition Park, the LA Memorial Coliseum and Downtown LA, with a Walkability Score of 78. An entry-level price for a multifamily asset with cash flow today and room to grow.

$4,650/mo

Est. mortgage payment based on a $699,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CRSR26212793

Interior Features

Basement
No

Exterior Features

Lot Size
0.19 Acres
MLS provider logo

Listed by Equity Union, Jonathan Kim DRE:01419100,
Listing Contact: 818-949-8220 

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Data last updated 4:50 AM UTC, 10/2/2026

 

 

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