811 W 40th, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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811 W 40th
Los Angeles, California 90037
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,520Sq Ft
5,862Lot Size
Property Price
LIST PRICE$1,150,000
EST. MARKET VALUE
$1,060,158
8% AboveMARKET VALUE
SUMMARY
This 1916 quadplex represents a High-Potential Investment Opportunity, listed at $1,150,000—positioned well above the $1,078,890 Fair Market Value by -6%. Featuring LAR3 Zoning and a spacious 4,520 sqft footprint, the property offers significant rental upside near USC. With a Condition Rating of 4, the asset requires strategic capital improvements to modernize systems and maximize yields. This is a prime acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to optimize a high-density asset in a high-demand rental corridor.
Estimated Market Value
$1,060,158
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 |
|---|---|---|---|---|---|---|
★ 811 W 40th Subject 0 bd · 0 ba · 4,520 sqft · $235 | $1,150,000* List Price | 0 | 0 | 4,520 | $235 | - |
A 458 W Vernon Sold 0 bd · 0 ba · 3,726 sqft · $216 · 0.6 mi | $805,000 | 0 | 0 | 3,726 | $216 | 0.6 mi |
B 1079 Leighton Sold 0 bd · 0 ba · 4,640 sqft · $211 · 0.4 mi | $980,000 | 0 | 0 | 4,640 | $211 | 0.4 mi |
C 443 W 49th Active 0 bd · 0 ba · 4,275 sqft · $280 · 0.9 mi | $1,199,000 List Price | 0 | 0 | 4,275 | $280 | 0.9 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 1916, this fourplex is noted as a value-add renovation opportunity. While some interior portions show recent cosmetic updates—such as newer laminate flooring, fresh paint, and a modern water heater—the property overall is dated and requires further updates to the kitchens, bathrooms, and systems to maximize rental potential.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location Near USC
Situated just minutes from the University of Southern California, LA Coliseum, and Exposition Park, the property is perfectly positioned to capture high rental demand from students, faculty, and neighborhood commuters.
- Immediate Value-Add Potential
With one 3-bedroom unit currently vacant and a second unit potentially vacating, investors have an immediate opportunity to execute renovations and reposition the asset for maximum market rents.
- Favorable LAR3 Zoning
The property features a substantial 4,520 square feet of living space on a LAR3-zoned lot, providing excellent high-density multi-family benefits and long-term optimization potential.
CONSRISKS & DEFICIENCIES
- Aging 1916 Construction
Dating back to 1916, the century-old structure will likely require significant capital expenditure for deferred maintenance, structural updates, and modernization of major systems.
- Low-Rated Local Schools
The majority of the assigned public middle and high schools in the immediate area carry low performance ratings, which may limit the property's appeal to long-term family tenants.
About 811 W 40th
Unlock incredible rental potential with this expansive multi-family property located at 811 W 40th Pl. in the heart of Los Angeles. Boasting a massive 4,250 square feet of interior living space on a LAR3-zoned lot, this 4-unit configuration features two 3BR units, and two 2BR units. Situated just minutes from the University of Southern California (USC), the LA Coliseum, and Exposition Park museums, it is positioned perfectly to attract long-term tenants, student housing, or neighborhood commuters. Clean, character-rich architectural bones from its 1916 origin provide an ideal foundation for a value-add renovation or optimization for maximum market rent. Currently one of the 3br's is vacant, and a 2nd unit (2br) may be willing to vacate as well. Whether you are looking to expand your rental portfolio or execute a premier value-add project in Metro LA, this property is ready for its next chapter.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1916
- Lot Size
- 5,862 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
Menlo Avenue Elementary School
Grades K-5 • 0.2 mi
5/10
West Vernon Avenue Elementary School
Grades K-5 • 0.6 mi
5/10
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 4,520 | 2,090.331 |
| Lot Size | 5,862 | 5,852.908 |
| Price | $1.15M | $830.9K |
| Price per sq ft | $254 | $394 |
| Built year | 1916 | 1928 |
| HOA | $0 | $0 |
| Days on market | 44 | 87 |
Pricing History
Listed for Sale
Sep 26, 2026
$1,150,000
Initial Listing
Sold
Mar 5, 2002
$333,000
Public Record
Sold
Apr 27, 2001
$185,000
Public Record