725 E 40th PL, Los Angeles, CA 90011
725 E 40th PL, Los Angeles, CA 90011
725 E 40th PL, Los Angeles, CA 90011
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$849,995
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8,224 Sqft Lot
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725 E 40th PL Los Angeles, CA 90011

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Sean Glaze

Sean Glaze

+1(626) 975-4104

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26146543

HOA Y/N No

Year Built 1997

Lot Size 8,224 Sqft

Property Sub-Type Triplex

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD2

Interior

Interior Features Laminate Counters, All Bedrooms Up, All Bedrooms Down, Walk-In Closet(s)

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate, Tile

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Parking Features None, Uncovered

Fence Wrought Iron

Pool None

Community Features Curbs, Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available

View Y/N Yes

View Neighborhood

Roof Type Composition,Shingle

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5114006013

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Submit

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jason Lowery Compass 310.409.5374, DRE #01817345

NEARBY SCHOOLS & PROPERTIES

Sean Glaze

Sean Glaze

Broker | License ID: 01394201

+1(626) 975-4104

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