For sale

Listing Provided by:

Brian Noh DRE #01438155 9493085775,

Nohco Real Estate

$999,900

917 E 40th Pl, Los Angeles, CA 90011

14beds

7baths

3,600sqft

Est.:

Multi Family

Built in 1924

-- sqft lot

$-- Zestimate^®

$278/sqft

$-- HOA

What's special

Some private patio areaDecent layoutRoomy bedroomsTwo drivewaysFull kitchen and bath

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!

3 days

214

15

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 7

Rooms

Room types: Bedroom, Kitchen, Living Room

Bedroom

Features: All Bedrooms Down

Heating

Wall Furnace

Cooling

None

Appliances

Included: Disposal, Gas Range, Range Hood, Water Heater
Laundry: Washer Hookup, Gas Dryer Hookup

Features

Ceiling Fan(s), All Bedrooms Down
Flooring: Carpet, Tile
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 3,600
Total interior livable area: 3,600 sqft

Property

Parking

Total spaces: 10
Parking features: Concrete, Driveway, On Site, Uncovered
Uncovered spaces: 10

Features

Levels: One
Stories: 1
Entry location: Front
Pool features: None
Spa features: None
Fencing: Wood,Wrought Iron
Has view: Yes
View description: None

Lot

Size: 0.29 Acres
Features: 6-10 Units/Acre, Front Yard, Landscaped

Details

Parcel number: 5114012028
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Stucco
Foundation: Raised
Roof: Composition

Condition

New construction: No
Year built: 1924

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Community & HOA

Community

Features: Curbs, Street Lights, Sidewalks
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $278/sqft
Tax assessed value: $568,910
Annual tax amount: $8,087
Date on market: 12/15/2025
Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Total actual rent: 7144
Tenant pays: Electricity, Gas, Trash Collection

Estimated market value

Not available

Estimated sales range

Not available

$4,114/mo

Price history

Date	Event	Price
12/15/2025	Listed for sale	$999,900+107.8%$278/sqft
Source: CRMLS #OC25262442 Report a problem
10/3/2012	Sold	$481,200+26.6%$134/sqft
Source: Public Record Report a problem
10/23/2003	Sold	$380,000$106/sqft
Source: Public Record Report a problem