Properties
Los Angeles, CA 90011 917 E 40th
$950,000
9 more
Presented By: Brian Noh with Nohco Real Estate; 9493085775
Baths • 1
SQFT • 3,600
Home Details
Only $75/sf land with huge upside. Value Add Opportunity! This fully occupied 7 unit multifamily property is comprised of four separate buildings on a big 12,567sf lot zoned RD1.5. All the units are currently tenant occupied w/ good rent histories, no delinquencies, and the property offers huge upside in the rents allowing for a local and/or savvy investor to create value and maximize rents. Built in 1924, this property totals 3,600sf in size and offers a solid unit mix with (7) 2 bed/1 bath bungalow style units each with a decent layout, full kitchen & bath, roomy bedrooms, washer/dryer hookups, and some private patio area. On a large 0.29acre double size lot, there are two driveways w/ a total of 10 open parking spaces to provide ample use by tenants & guests. Well located in Los Angeles near Downtown, Crypto Arena, & close proximity to USC and the 110 Freeway. Terrific Opportunity!
Presented By: Brian Noh with Nohco Real Estate; 9493085775
Interior Features for 917 E 40th
Other Interior Features
Air Conditioning Y/NYes
Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), All Bedrooms Down, Bedroom on Main Level
Laundry FeaturesWasher Hookup, Gas Dryer Hookup
Total Stories1
Other Rooms
Entry Level1
General for 917 E 40th
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Gas Range, Water Heater
Architectural StyleTraditional
Building Area UnitsSquare Feet
CityLos Angeles
Community FeaturesCurbs, Street Lights, Sidewalks
Construction MaterialsStucco
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsOff 110 fwy, head east on MLK, south to 40th pl, between Mckinley and Wadsworth.
Entry LocationFront
Expected Active Date 2026-02-10
Facing DirectionSouth
Garage Spaces
Garage Y/NNo
Gross Income86052
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange
Lot Size Square Feet12567
Lot Size UnitsSquare Feet
MLS AreaC37 - Metropolitan South
Net Operating Income39613
New ConstructionNo
Number Of Units Total7
Number of Units Leased7
Open Parking Spaces10
Operating Expense44718
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot7
Tenant PaysElectricity, Gas, Trash Collection
Total Actual Rent7171
Trash Expense0
UtilitiesCable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
ViewNone
Water Sewer Expense0
Year Built1924
Year Built SourceAssessor
Exterior for 917 E 40th
Building Area Total3600
FencingWood
Foundation DetailsRaised
Lot Features6-10 Units/Acre, Landscaped
Lot Size Acres0.2885
Lot Size Area12567
Lot Size SourceAssessor
Number of Buildings4
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Parking FeaturesOn Site, Uncovered
Private PoolNo
SpaNo
Total Parking10
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
