917 E 40th Place Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated payment $5,903/month
Highlights
- 0.29 Acre Lot
- No HOA
- Laundry Room
- Traditional Architecture
- Living Room
- Tile Flooring
About This Home
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!
Listing Agent
Nohco Real Estate Brokerage Phone: 9493085775 License #01438155 Listed on: 12/15/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 0.29 Acre Lot
- 1 Common Wall
- South Facing Home
- Wrought Iron Fence
- Wood Fence
- Landscaped
- Front Yard
- Density is 6-10 Units/Acre
Home Design
- Traditional Architecture
- Apartment
- Entry on the 1st floor
- Raised Foundation
- Composition Roof
- Stucco
Interior Spaces
- 3,600 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room
Kitchen
- Gas Range
- Range Hood
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Parking Available
- Driveway
- Paved Parking
Outdoor Features
- Exterior Lighting
Utilities
- Wall Furnace
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 7 / F
- Assessor Parcel Number 5114012028
- $1,276 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 7 Units
Building Details
- 7 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $45,736
- Gross Income $85,728
- Net Operating Income $37,420
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,968 | $568,910 | $246,282 | $322,628 |
| 2024 | $7,968 | $557,755 | $241,453 | $316,302 |
| 2023 | $7,835 | $546,819 | $236,719 | $310,100 |
| 2022 | $7,516 | $536,098 | $232,078 | $304,020 |
| 2021 | $7,418 | $525,587 | $227,528 | $298,059 |
| 2020 | $7,479 | $520,198 | $225,195 | $295,003 |
| 2019 | $7,225 | $509,999 | $220,780 | $289,219 |
| 2018 | $6,969 | $500,000 | $216,451 | $283,549 |
| 2016 | $6,614 | $480,587 | $208,047 | $272,540 |
| 2015 | $6,529 | $473,369 | $204,922 | $268,447 |
| 2014 | $6,596 | $464,097 | $200,908 | $263,189 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2025 12/15/25 | For Sale | $999,900 | -- | $278 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Provident Title Company | |
| Grant Deed | -- | Fidelity National Title Co | |
| Trustee Deed | $481,200 | None Available | |
| Grant Deed | $380,000 | Ticor Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | Commercial | |
| Previous Owner | $380,000 | Seller Take Back |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25262442
APN: 5114-012-028
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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