725 E 40th Place, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90011
This triplex represents a High-Potential Investment Opportunity, listed at $849,995—positioned slightly above the $846,833 Fair Market Value. While the property is priced at market, it offers significant stability and long-term growth potential. With a Condition Rating of 4, the units provide a solid foundation for value-add cosmetic updates. The 8,223 sqft lot offers rare development potential for an additional unit, while the separate utility metering ensures efficient expense management. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange buyers seeking a stable, income-producing asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 725 E 40th Place Subject | $849,995* List Price | 0 | 0 | 2,135 | $397 | - |
A 288 E 43rd Sold | $686,734 | 0 | 0 | 1,740 | $395 | 0.5 mi |
B 1545 E 41st Sold | $840,000 | 4 | 3 | 1,974 | $426 | 1.0 mi |
C 401 E 46th Street Sold | $745,000 | 0 | 0 | 1,460 | $510 | 0.7 mi |
D 300 E 42nd Place Pending | $649,000 List Price | 0 | 0 | 2,205 | $294 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, the property is approximately 27 years old and appears to retain many original finishes. While the description notes it is well-maintained, the interiors feature dated oak cabinetry, popcorn ceilings, and older fixtures that require cosmetic updates to meet modern standards.
The property sits on an expansive 8,223 sqft lot, providing a significant value-add opportunity to construct an additional unit or ADU at the rear to increase total rental yield.
Located just minutes from Downtown Los Angeles, the Arts District, and USC, the property is positioned in a high-demand rental corridor with strong potential for long-term appreciation.
With tenants responsible for their own gas and electricity, the owner benefits from reduced operating overhead and more predictable monthly cash flow.
Several nearby schools have low performance ratings (2/10 and 3/10), which may limit the property's appeal to families seeking high-quality public education.
The total building size of 2,135 sqft across three units suggests relatively small living quarters, which could cap the maximum rental premium compared to larger multi-family residences.
Don't miss this rare opportunity to acquire a well-maintained, income-producing triplex in the heart of Los Angeles. Ideally situated just minutes from Downtown Los Angeles, the Arts District, and USC, this property offers investors a compelling combination of stable rental income, future appreciation, and value-add potential. The property features an attractive unit mix consisting of two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each residence has been meticulously cared for, providing a solid foundation for long-term ownership. Situated on a generously sized lot with ample off-street parking, the property may offer the opportunity to add an additional unit at the rear of the lot (buyer to verify with the City of Los Angeles), creating even greater income potential. Tenants are responsible for their own gas and electricity, helping to minimize operating expenses and maximize cash flow. Properties of this caliber, in this location, and with this level of upside rarely come to market. Whether you're looking to expand your investment portfolio or complete a 1031 exchange, this is an opportunity you won't want to miss.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,135 | 2,250 |
| Lot Size | 8,223 | 5,864 |
| Price | $850.0K | $826.7K |
| Price per sq ft | $398 | $395 |
| Built year | 1997 | 1925 |
| HOA | $0 | $0 |
| Days on market | 3 | 83 |
Jul 20, 2026
$849,995
Initial Listing