737 E 40th, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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737 E 40th
Los Angeles, California 90011
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,229Sq Ft
8,210Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$754,427
7% BelowMARKET VALUE
SUMMARY
This Quadruplex Residential Income Asset represents a Strong Value Opportunity, listed at $699,000—positioned well below the $754,427 Fair Market Value by 7%. This valuation gap offers $55,427 in Instant Equity. With a Condition Rating of 4, the property provides immediate cash flow from 100% occupancy while offering significant upside through rent optimization. Featuring a large 8,208 sq ft LARD2 lot and parking for 7 vehicles, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking stable income in a high-demand corridor.
Estimated Market Value
$754,427+$55,427 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 737 E 40th Subject 0 bd · 0 ba · 2,229 sqft · $338 | $699,000* List Price | 0 | 0 | 2,229 | $338 | - |
A 725 E 40th Place Sold 0 bd · 0 ba · 2,135 sqft · $375 · 0.0 mi | $800,000 | 0 | 0 | 2,135 | $375 | 0.0 mi |
B 661 E 43rd Place Sold 0 bd · 0 ba · 1,985 sqft · $327 · 0.4 mi | $650,000 | 0 | 0 | 1,985 | $327 | 0.4 mi |
C 4161 Dorsey Sold 0 bd · 0 ba · 2,053 sqft · $301 · 0.8 mi | $617,500 | 0 | 0 | 2,053 | $301 | 0.8 mi |
D 288 E 43rd Sold 0 bd · 0 ba · 1,740 sqft · $395 · 0.5 mi | $686,734 | 0 | 0 | 1,740 | $395 | 0.5 mi |
E 1139 E 42nd Sold 0 bd · 0 ba · 1,500 sqft · $367 · 0.5 mi | $550,000 | 0 | 0 | 1,500 | $367 | 0.5 mi |
F 300 E 42nd Place Active 0 bd · 0 ba · 2,205 sqft · $294 · 0.5 mi | $649,000 List Price | 0 | 0 | 2,205 | $294 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1908, this multi-unit property is functional and fully occupied but is explicitly marketed as a 'value-add' opportunity with below-market rents. The age of the structures and the lack of mentioned upgrades to kitchens, baths, or major systems suggest the property is dated and requires cosmetic and potentially system updates to reach its full market potential.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Immediate Cash Flow
The property offers a robust 6.33% CAP rate with 100% occupancy, generating a steady gross annual income of $62,700 from day one.
- Significant Value-Add Potential
Current rents are positioned below market value, providing a clear opportunity for investors to increase Net Operating Income (NOI) as units naturally turn over.
- Favorable Site Density and Parking
The large 8,208 sq ft LARD2 lot features three detached buildings and rare parking for seven vehicles, a highly desirable configuration that maximizes tenant privacy and utility.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1908, the property likely requires ongoing maintenance and capital improvements to address century-old systems and structural components.
- Regulatory Rent Restrictions
As a fully occupied multi-family asset in Los Angeles, the path to market-rate rents is subject to local rent stabilization ordinances, which may limit the speed of income growth.
About 737 E 40th
Value-add 4-unit opportunity in the high-demand 90011 corridor, just east of the 110 Freeway and south of MLK Jr. Blvd. Three detached buildings sit on a large 8,208 sq ft LARD2 lot: two separate 2-bed/1-bath houses and a duplex with two studios, totaling 2,229 sq ft of living space. The property is 100% occupied and brings in $5,225/month ($62,700/year) in gross income which translates into 6.33 CAP. Rents are below market, which gives a clear path to higher NOI as units turn over. Units are separately metered, and the owner pays only water. Parking for 7 vehicles. Minutes to USC, Exposition Park, the LA Memorial Coliseum and Downtown LA, with a Walkability Score of 78. An entry-level price for a multifamily asset with cash flow today and room to grow.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1908
- Lot Size
- 8,210 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 • 0.3 mi
3/10
Harmony Elementary School
Grades K-5 • 0.3 mi
2/10
Quincy Jones Elementary School
Grades K-5 • 0.3 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.7 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,229 | 2,148.648 |
| Lot Size | 8,210 | 5,855.757 |
| Price | $699.0K | $831.8K |
| Price per sq ft | $314 | $387 |
| Built year | 1908 | 1928 |
| HOA | $0 | $0 |
| Days on market | 24 | 87 |
Pricing History
Listed for Sale
Sep 30, 2026
$699,000
Initial Listing
Sold
Aug 22, 2014
$447,000
Public Record
Sold
Oct 11, 2013
$305,000
Public Record
Sold
Dec 2, 1998
$149,000
Public Record