879 E 40th Place

Los Angeles, CA 90011
Property listed by eXp Realty of Southern California, Inc, Justin Yee 949-533-1572
$1,600,000
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 OneRead MoreRead Less
Listing Snapshot
Days Online
22
Last Updated
Property Type
Quadruplex
Lot Size
0.14 Acres
Year Built
2006
MLS Number
OC26053122
Property Location Map
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Appliances & Equipment
ElectricOven, FreeStandingRange, GasRange, Microwave, Refrigerator, RangeHood
Building
Built in 2006, 1 building, 3 stories, Levels: ThreeOrMore, Entry level: 1, Entry location: 1, Construction Materials: Concrete, Stucco
Community
Curbs, Gutters, StreetLights, Sidewalks, Urban
Cooling
Electric, WallWindowUnits, Zoned
Disclosures
CityInspectionRequired, RentControl
Doors
StormDoors
Accessibility Features
SafeEmergencyEgressFromHome, NoStairs
Expenses
Insurance: $3,800, Maintenance: $4,000, Operating: $7,800
Fence
Block
Fireplaces
None
Floors
Tile, Vinyl, Wood
Foundation
Slab
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross Income: $92,400, Gross ScheduledIncome: $92,400, Net Operating Income: $84,600
Interior Features
BlockWalls, CeilingFans, GraniteCounters, MultipleStaircases, QuartzCounters, RecessedLighting, Storage, BedroomOnMainLevel, GalleyKitchen, MainLevelPrimary
Laundry
WasherHookup, ElectricDryerHookup, Inside, LaundryRoom
Lot
0.1448 acres, Level, NearPublicTransit, RectangularLot, StreetLevel
Parking
3 carport spaces, 6 open parking spaces, 9 total parking spaces, AttachedCarport, Assigned, Concrete, DrivewayLevel, OnSite, SideBySide
Pool
None
Property
AdditionsAlterations, UpdatedRemodeled, Turnkey, CityLights, Neighborhood
Roof
Shingle
Security Features
CarbonMonoxideDetectors, FireDetectionSystem, SecurityGate, SmokeDetectors, WindowBars
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 5114012007, Tax Block: F, Lot: 15
Tenant Pays
AllUtilities, Electricity, Gas, Sewer, TrashCollection, Telephone
Utilities
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, ElectricityOnProperty, Standard, 5 separate electric meters, 4 separate gas meters
Windows
Blinds, Screens
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Francisco J. Ortiz
CEO | Broker Associate
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.