879 E 40th PL, Los Angeles, CA 90011
879 E 40th PL, Los Angeles, CA 90011
879 E 40th PL, Los Angeles, CA 90011
879 E 40th PL, Los Angeles, CA 90011
879 E 40th PL, Los Angeles, CA 90011
879 E 40th PL, Los Angeles, CA 90011
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Jim Black

Jim Black

+1(925) 285-4898
Listed by Justin Yee, DRE #01904338 • eXp Realty of Southern California, Inc
$ 1,600,000
Est. payment | /mo

6,309 Sqft Lot

Save
$ 1,600,000
Est. payment | /mo
Save

6,309 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC26053122

Style Custom

Year Built 2006

Lot Size 6,309 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property 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

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Rooms

Kitchen Hood Over Range, Microwave, Other, Oven Range - Gas, Oven Range, Refrigerator, Oven - Electric

Interior

Heating Wall Furnace

Cooling Window / Wall Unit, Central Forced Air - Electric, 9

Laundry In Laundry Room, 30, Other, 9

Exterior

Parking Features Assigned Spaces, Carport , Common Parking Area, Other, Side By Side

Garage Spaces 9.0

Pool 31, None

View Local/Neighborhood, City Lights

Roof Type Shingle

Building

Lot Description Grade - Level

Story Three or More Stories

Foundation Concrete Slab

Water District - Public

Architectural Style Custom

Others

Tax ID 5114012007

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
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Jim Black
Jim Black

Chief Lending Officer : Founder License ID: NMLS633511/1065732 DRE02089890

+1(925) 285-4898

www.meetjimblack.com

2571 S Main St., Ste D, Soquel, CA 95073, USA

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879 E 40th PL