Compass
Listed by Compass
$849,995
725 E 40th Place
Details
APN 5114006013
Property Type Multifamily
Sub Type Apartment Building
Units 3
Cap Rate 5.54%
Buildings 3
Acreage 0.189
Zoning Assessor
Multifamily | 5.54% CAP | 3 Units
Marketing description
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.
Listing Contacts
Compass
Listed by Compass
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