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714 W 40th Pl
Los Angeles, CA 90037
Multifamily Property For Sale
·
3 Units
Executive Summary
Prime income-producing opportunity in Los Angeles, located in the desirable Exposition Park and University Park area just south of the University of Southern California campus, about one to two miles from the heart of campus in the University Park neighborhood. 712 to 714 W 40th Pl, Los Angeles, CA 90037 is a fully occupied triplex featuring one duplex with a shared wall and a back house, with on-site parking and a detached one-car garage. The property is fully gated and features recent capital improvements, including roof, windows, security bars, and a concrete driveway. Delivered with tenants in place, this asset offers immediate and consistent rental income and is centrally located near major freeways, public transportation, and local amenities, making it an ideal investment in a strong rental market.
Property Facts
| Price Per Unit | $361,504 CAD | Property Type | Multifamily |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 8.54% | Building Size | 2,897 SF |
| Gross Rent Multiplier | 8.9 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1923 |
| Price Per Unit | $361,504 CAD |
| Sale Type | Investment |
| Cap Rate | 8.54% |
| Gross Rent Multiplier | 8.9 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.12 AC |
| Building Size | 2,897 SF |
| No. Stories | 1 |
| Year Built | 1923 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,799 CAD | 622 |
| 2+1 | 1 | $1,746 CAD | 672 |
| 2+2 | 1 | $3,157 CAD | 750 |
Property Taxes
| Parcel Number | 5019-024-004 | Improvements Assessment | $218,694 CAD |
| Land Assessment | $328,046 CAD | Total Assessment | $546,740 CAD |
Property Taxes
Parcel Number
5019-024-004
Land Assessment
$328,046 CAD
Improvements Assessment
$218,694 CAD
Total Assessment
$546,740 CAD
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