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For sale
    • Listed by: eXp Realty of Southern California, Inc • Justin Yee • Contact: 949-759-0500
    $1,600,000

    879 E 40th Pl, Los Angeles, CA 90011

    11beds
    4,334sqft
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    Quadruplex
    Built in 2006
    -- sqft lot
    $1,564,100 Zestimate®
    $369/sqft
    $-- HOA

    What's special

    Modern fixturesNewer paintNewer flooringNewer showersNewer windowsRecessed lightingNewer sinks
    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, Adding Additional Income). The Property Is Fully Rented, Currently Generating Approximately $7,700 Per Month In Gross Rental Income, Offering Stable Cash Flow From Day One. With The Strong Demand For Affordable Housing In The 90011 Corridor, The Asset Presents A Compelling Opportunity For Continued Rental Growth Through Strategic Rent Adjustments, Improved Management, Or Unit Upgrades. Actualize The Development And Density Potential Upside With Improving Rental Income By ADU Development (2-4 ADU Possible), Carport Conversions, Redevelopment Utilizing LA And State Housing Incentives For Higher Density Housing + Transportation Area Incentives. RD1.5-1 Zoning, Transit Oriented Communities (TOC Tier 1), ZI-2374 State Enterprise Zone LA, Transit Oriented Incentive Area 1 (TOIA). Well Positioned – Very Close To USC, Future Olympics Location, Major Transportation Corridors, Retail And Employment Hubs. Ideal For Investors, 1031 Exchange Buyers, Value-Add Builders, Developers Seeking Rental Market With Prime Unit Mix In TOC Zone (8-12 Units Possible) With Rental Pro-Forma Of Approximately $27,600 Per Month After Redevelopment. Your Investment Opportunity Is Here, Call Listing Agent NOW!
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    Zillow last checked:

    Listing updated:

    Listed by:

    Justin Yee DRE #01904338 949-533-1572,

    eXp Realty of Southern California, Inc

    Source: CRMLS,MLS#: OC26056394MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 11
      • Bathrooms: 5
      • Full bathrooms: 5
      • Main level bathrooms: 2
      • Main level bedrooms: 4
      Rooms
      • Room types: Bedroom, Family Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
      Primary bedroom
      • Features: Main Level Primary
      Bedroom
      • Features: Bedroom on Main Level
      Bathroom
      • Features: Bathroom Exhaust Fan, Bathtub, Full Bath on Main Level, Quartz Counters, Remodeled, Separate Shower, Tub Shower
      Kitchen
      • Features: Kitchen/Family Room Combo, Quartz Counters, Remodeled, Updated Kitchen
      Kitchen
      • Features: Galley Kitchen
      Heating
      • Wall Furnace
      Cooling
      • Electric, Wall/Window Unit(s), Zoned
      Appliances
      • Included: Electric Oven, Free-Standing Range, Gas Range, Microwave, Refrigerator, Range Hood
      • Laundry: Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room
      Features
      • Breakfast Bar, Breakfast Area, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Multiple Staircases, Quartz Counters, Recessed Lighting, Storage, Bedroom on Main Level, Galley Kitchen, Main Level Primary
      • Flooring: Tile, Vinyl, Wood
      • Windows: Insulated Windows, Screens
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 4,334 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: Attached Carport, Assigned, Concrete, Covered, Carport, Driveway Level, Gated, On Site, Paved, One Space
      • Carport spaces: 3
      • Uncovered spaces: 7
      Accessibility
      • Accessibility features: Safe Emergency Egress from Home, No Stairs
      Features
      • Levels: Three Or More
      • Stories: 3
      • Entry location: 1
      • Patio & porch: Concrete, Covered, Front Porch, Porch
      • Pool features: None
      • Spa features: None
      • Fencing: Block
      • Has view: Yes
      • View description: City Lights, Neighborhood
      Lot
      • Size: 6,309 Square Feet
      • Features: Level, Near Public Transit, Rectangular Lot, Street Level
      Details
      • Parcel number: 5114012007
      • Zoning: LARD1.5
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Custom
      • Property subtype: Quadruplex
      Materials
      • Concrete, Stucco
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Updated/Remodeled,Turnkey
      • New construction: No
      • Year built: 2006

      Utilities & green energy

      • Electric: Standard
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Curbs, Street Lights, Sidewalks, Urban
      • Security: Carbon Monoxide Detector(s), Fire Detection System, Security Gate, Smoke Detector(s), Window Bars
      Location
      • Region: Los Angeles

      Financial & listing details

      • Price per square foot: $369/sqft
      • Tax assessed value: $496,744
      • Annual tax amount: $6,641
      • Date on market: 3/16/2026
      • Cumulative days on market: 127 days
      • Listing terms: Cash,Cash to New Loan,Conventional,Cal Vet Loan,FHA,Submit,VA Loan
      • Road surface type: Paved

        Estimated market value

        $1,564,100

        $1.49M - $1.64M

        $3,323/mo

        Price history

        DateEventPrice
        3/13/2026Listed for sale$1,600,000+23.1%$369/sqft
        Source: CRMLS #OC26053122 Report a problem
        2/6/2019Listing removed$1,299,900$300/sqft
        Source: Century 21 Powerhouse Realty #DW18203070 Report a problem
        8/21/2018Listed for sale$1,299,900+63.5%$300/sqft
        Source: Century 21 Powerhouse Realty #DW18203070 Report a problem
        5/1/2009Listing removed$795,000$183/sqft
        Source: Listhub #Y901471 Report a problem
        4/3/2009Listed for sale$795,000+318.4%$183/sqft
        Source: Listhub #Y901471 Report a problem
        9/7/1990Sold$190,000$44/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,641 +2%$496,744 +2%
        2024$6,511 +1.8%$487,013 +2%
        2023$6,396 +4.6%$477,473 +2%
        2022$6,116 +1.6%$468,119 +2%
        2021$6,021 -0.9%$458,949 +1%
        2020$6,073 $454,248 +2%
        2019$6,073 +6.3%$445,350 +2%
        2018$5,713 $436,626 +2.1%
        2017$5,713 +2.1%$427,673 +2%
        2016$5,595 +3.1%$419,288 +1.5%
        2015$5,425 +0.6%$412,991 +2%
        2014$5,392 $404,902 +4.5%
        2011-- $387,423 +0.8%
        2010-- $384,529 -0.2%
        2009-- $385,443 -12.9%
        2008-- $442,295 +86.9%
        2003-- $236,615 +6.1%
        2000-- $222,970
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Southeast Los Angeles

        Getting around

        77 / 100
        Very Walkable
        57 / 100
        Good Transit
        82 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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