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!
For sale
Listed by: eXp Realty of Southern California, Inc • Justin Yee • Contact: 949-533-1572
$1,600,000
879 E 40th Pl, Los Angeles, CA 90011
11beds
4,334sqft
Quadruplex
Built in 2006
-- sqft lot
$1,564,000 Zestimate®
$369/sqft
$-- HOA
What's special
Modern fixturesNewer paintNewer flooringNewer showersNewer windowsRecessed lightingNewer sinks
- 172 days
- 18
- 0
Zillow last checked:
Listing updated:
Listed by:
Justin Yee DRE #01904338 949-533-1572,
eXp Realty of Southern California, Inc
Source: CRMLS,MLS#: OC26056394
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & 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: $506,655
- Date on market: 3/16/2026
- Cumulative days on market: 172 days
- Listing terms: Cash,Cash to New Loan,Conventional,Cal Vet Loan,FHA,Submit,VA Loan
- Road surface type: Paved
Estimated market value
$1,564,000
$1.49M - $1.64M
$3,993/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Listed for sale | $1,600,000+23.1%$369/sqft |
Source:  CRMLS #OC26053122 Report a problem | ||
| 2/6/2019 | Listing removed | $1,299,900$300/sqft |
Source: Century 21 Powerhouse Realty #DW18203070 Report a problem | ||
| 8/21/2018 | Listed for sale | $1,299,900+63.5%$300/sqft |
Source: Century 21 Powerhouse Realty #DW18203070 Report a problem | ||
| 5/1/2009 | Listing removed | $795,000$183/sqft |
Source: Listhub #Y901471 Report a problem | ||
| 4/3/2009 | Listed for sale | $795,000+318.4%$183/sqft |
Source: Listhub #Y901471 Report a problem | ||
| 9/7/1990 | Sold | $190,000$44/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $506,655 +2% |
| 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
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Neighborhood: Southeast Los Angeles
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