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917 E 40th Pl - 7 Units on Big Lot 7 Unit Apartment Building Offered at $1,292,484 CAD at a 4.17% Cap Rate Los Angeles, CA 90011
Investment Highlights
- Fully Occupied w/ Huge Upside in Rents.
- Value Add Opportunity
- Big Lot Priced Below Market at $75/land SF.
Executive Summary
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.
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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$117,075
|
$32.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,341
|
$0.65
|
| Effective Gross Income |
$114,733
|
$31.87
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$60,839
|
$16.90
|
| Net Operating Income |
$53,894
|
$14.97
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $117,075 |
| Annual Per SF | $32.52 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,341 |
| Annual Per SF | $0.65 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $114,733 |
| Annual Per SF | $31.87 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $60,839 |
| Annual Per SF | $16.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $53,894 |
| Annual Per SF | $14.97 |
Property Facts
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Ceiling Fans
- Carpet
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | 514 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5114-012-028 | Improvements Assessment | $442,000 CAD |
| Land Assessment | $337,406 CAD | Total Assessment | $779,407 CAD |
Property Taxes
Parcel Number
5114-012-028
Land Assessment
$337,406 CAD
Improvements Assessment
$442,000 CAD
Total Assessment
$779,407 CAD
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917 E 40th Pl - 7 Units on Big Lot
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