$1,600,000
879 E 40th Place, Los Angeles CA 90011
Multi-Family (Fourplex)
Property type
84 days
On market
$340
Price per sqft
0 cars
Garage
2006
Year built
6,309 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Justin Yee DRE #01904338 949-759-0500, eXp Realty of Southern California, Inc
Listing updated: Apr 11, 2026 at 09:52pm.
Last checked: Jun 4, 2026 at 10:31pm
Source: CRMLS #OC26053122
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 4 | 2 | — | $2,400 | $2,400 | $3,900 | Unfurnished |
| 1 | 3 | 1 | — | $1,700 | $1,700 | $3,300 | Unfurnished |
| 1 | 2 | 1 | — | $2,000 | $2,000 | $2,500 | Unfurnished |
| 1 | 2 | 1 | — | $1,600 | $1,600 | $2,500 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 5
Separate Gas Meters: 4
Separate Water Meters: 1
Ranges: 4
Refrigerator: 4
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $7,700
Tenant Pays: All Utilities, Electricity, Gas, Sewer, Trash Collection, Telephone
Financial Snapshot
Gross Rent Multiplier
17.3x
List Price / Annual Gross Rent
Cap Rate
5.2%
NOI / List Price
Gross Scheduled Income: $92,400
Vacancy Allowance Rate: 100%
Operating Expense: $7,800
Net Operating Income: $84,600
Annual Operating Expenses
Electric: $0
Insurance: $3,800
Maintenance: $4,000
Trash: $0
Water / Sewer: $0
Interior
Interior Features: Block Walls, Ceiling Fans, Granite Counters, Multiple Staircases, Quartz Counters, Recessed Lighting, Storage, Main Floor Bedroom, Galley Kitchen, Main Level Primary
Room Type: Bedroom, Family Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Flooring: Tile, Vinyl, Wood
Cooling: Electric, Wall Window Units, Zoned
Heating: Wall Furnace
Appliances: Electric Oven, Free Standing Range, Gas Range, Microwave, Refrigerator, Range Hood
Fireplace: None
Laundry: Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room
Accessibility: Safe Emergency Egress From Home, No Stairs
Entry Location: 1
Exterior
Architectural Style: Custom
Property Attached: No
Stories Total: 3
Levels: Three Or More
Door Features: Storm Doors
Roof: Shingle
Foundation: Slab
Window Features: Blinds, Screens
Construction Materials: Concrete, Stucco
Property Condition: Additions Alterations, Updated Remodeled, Turnkey
Common Walls: No Common Walls
Security Features: Carbon Monoxide Detectors, Fire Detection System, Security Gate, Smoke Detectors, Window Bars
Lot Features: Level, Near Public Transit, Rectangular Lot, Street Level
Pool: None
Spa: None
Fencing: Block
Water Source: Public
Sewer: Public Sewer
Electric: Electricity On Property, Standard
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: City Lights, Neighborhood
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Attached Carport, Assigned, Concrete, Driveway Level, On Site, Side By Side
Garage Spaces: 0
Uncovered Spaces: 6
Carport Spaces: 3
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5114012007
Additional Parcels: No
Tax Lot: 15
Tax Block: F
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Gutters, Street Lights, Sidewalks, Urban
Nearby Schools
Nearby schools around the 879 E 40th Place, Los Angeles, CA 90011. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,280,000
Total Interest
$1,632,569
Total Payment
$2,912,569
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$9,907
per month
Property History for 879 E 40th Place
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90011.
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