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Listed by Brian Noh • Nohco Real Estate
$999,900
Est. payment /mo
0.29 Acres Lot
Active
917 E 40th Los Angeles, CA 90011
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25262442
Style Traditional
Year Built 1924
Lot Size 0.288 Acres
Source California Regional MLS
Property Description
This fully occupied 7 unit multifamily property is comprised of four separate buildings on a big 12,567sf lot zoned RD1.5. All the units are currently tenant occupied w/ good rent histories, no delinquencies, and the property offers huge upside in the rents allowing for a local and/or savvy investor to create value and maximize rents. Built in 1924, this property totals 3,600sf in size and offers a solid unit mix with (7) 2 bed/1 bath bungalow style units each with a decent layout, full kitchen & bath, roomy bedrooms, washer/dryer hookups, and some private patio area. On a large 0.29acre double size lot, there are two driveways w/ a total of 10 open parking spaces to provide ample use by tenants & guests. Well located in Los Angeles near Downtown, Crypto Arena, & close proximity to USC and the 110 Freeway. This is a true Value Add Opportunity!
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Rooms
Kitchen Garbage Disposal, Hood Over Range, Oven Range - Gas
Interior
Heating Wall Furnace
Cooling None
Laundry Gas Hookup, 30
Exterior
Parking Features Common Parking Area, Other, Uncovered Parking
Garage Spaces 10.0
Pool 31, None
View None
Roof Type Composition
Building
Story One Story
Foundation Raised
Water Hot Water, District - Public
Architectural Style Traditional
Others
Tax ID 5114012028
Special Listing Condition Not Applicable

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