725 E 40th Place, Los Angeles, CA 90011
- $849,995
- List Price
- $849,995
- Status
- ACTIVE
- MLS#
- SB26146543
- Year Built
- 1997
- Lot Size
- 8,223
- Acres
- 0.19
- Lot Location
- Front Yard
- Days on Market
- 7
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Triplex
- Stories
- Two Levels
Property 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.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- Neighborhood
- Exterior Construction
- Stucco
- Roof
- Composition, Shingle
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Laminate Counters, All Bedrooms Up, All Bedrooms Down, Walk-In Closet(s)
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $62,724
- Operating Expense
- 15605
Listing courtesy of Listing Agent: Jason Lowery (jason@thelowerygroupre.com) from Listing Office: Compass.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.