1291 E 40th, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
Loading property details...
1291 E 40th
Los Angeles, California 90011
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,446Sq Ft
5,191Lot Size
Property Price
LIST PRICE$1,249,000
EST. MARKET VALUE
$1,157,783
7% AboveMARKET VALUE
SUMMARY
This Quadruplex Residential Income Asset represents a Strong Value Opportunity, listed at $1,249,000—positioned well above the $1,157,784 Fair Market Value. While the price reflects a premium, the property offers immediate stability as a fully occupied, four-unit building including a legal ADU. With a Condition Rating of 2, the recent comprehensive renovations minimize immediate capital expenditure. This is a turnkey, high-density rental solution ideal for Buy-and-Hold Investors or Portfolio Managers seeking immediate cash flow in a high-demand Los Angeles market.
Estimated Market Value
$1,157,783
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1291 E 40th Subject | $1,249,000* List Price | 0 | 0 | 2,446 | $473 | - |
A 731 E 41st Place Sold | $1,045,000 | 0 | 0 | 2,080 | $502 | 0.6 mi |
B 1629 E Vernon Sold | $899,000 | 0 | 0 | 2,274 | $395 | 0.6 mi |
C 1164 E 34th Active | $1,299,999 List Price | 0 | 0 | 2,477 | $525 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1906, the property has undergone a recent comprehensive renovation within the last 5 years. The interior features modern shaker-style kitchen cabinets, updated countertops, new fixtures, and refinished hardwood floors. The exterior shows fresh paint and newer vinyl windows, indicating a move-in ready condition with minimal immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Income Potential
The property is fully occupied with four units, including a recently approved ADU, providing immediate and stable rental income for investors from day one.
- Recent Capital Improvements
The front house and the majority of the units have been recently upgraded, reducing the need for immediate renovation costs and enhancing the property's overall marketability.
- Optimized Density
With three units plus a legal ADU on a 5,191 sqft lot, the property maximizes its footprint to provide high-density housing in a high-demand Los Angeles rental market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2446, other record living area = 1742.
- Historic Infrastructure Risks
Originally built in 1906, the property may possess aging underlying systems that could require more frequent maintenance or costly repairs compared to newer constructions.
- Low Local School Ratings
The majority of the assigned and nearby public schools have low performance ratings, which may limit the appeal for long-term family tenants and impact future appreciation.
About 1291 E 40th
Four unit building. Three units and an approved ADU. All Occupied. Front house and most units have been recently upgraded. Great rent rates and fully occupied.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1906
- Lot Size
- 5,191 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Wadsworth Avenue Elementary School
Grades K-5 • 0.4 mi
3/10
Nevin Avenue Elementary School
Grades K-5 • 0.4 mi
4/10
Harmony Elementary School
Grades K-5 • 0.5 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,446 | 2,187.451 |
| Lot Size | 5,191 | 5,841.385 |
| Price | $1.25M | $841.5K |
| Price per sq ft | $511 | $385 |
| Built year | 1906 | 1928 |
| HOA | $0 | $0 |
| Days on market | 35 | 85 |
Pricing History
Listed for Sale
Aug 5, 2026
$1,249,000
Initial Listing
Sold
Jun 18, 2018
$410,000
Public Record