737 E 40th, Los Angeles, CA 90011

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Beds

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Baths

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Sq ft

About this home

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.

Type

Quadruplex

Year built

1908

Lot

8,210 sq ft

Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$4,408/mo

Principal & interest$3,535
Property tax (est.)$670
Home insurance (est.)$204

Down payment: 20% ($139,800)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Jonathan Kim, Equity Union, 661-312-2215. MLS# SR26212793. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 7:26 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.