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$ 3,700,000
Est. payment /mo
New
1110 -1112 W 40th PL Los Angeles, CA 90037
24 Beds
24 Baths
6,813 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,813 sqft
Price per Sqft $543
MLS Listing ID 25611615
Bedrooms 24
HOA Y/N No
Year Built 2023
Lot Size 6,407 Sqft
Property Description
Exceptional Turn-Key Income Property Near USC & Exposition ParkDiscover an outstanding investment opportunity just minutes from USC and Exposition Park. Built in 2023, this modern, turn-key property features 24 bedrooms and 24 bathrooms across two contemporary units, each thoughtfully designed for shared living. Every resident enjoys a private bedroom and bathroom with access to stylish shared kitchens and common areas, creating a highly desirable co-living environment.Currently leased to government-subsidized tenants, the property provides stable, guaranteed rental income with low operating expensesa rare combination for investors seeking reliability and ease of management. Given its prime location near USC Village, BMO Stadium, the LA Memorial Coliseum, the Lucas Museum, and multiple Metro E-Line stations offering direct access to Downtown LA and Santa Monica, the property also presents an exceptional opportunity for future conversion to student housing.Each unit showcases modern finishes, private balconies, and includes a two-car garage. With approximately 6,813 square feet of living space on a 6,405 square foot lot, this is a high-income, low-maintenance asset positioned in one of Los Angeles' most dynamic rental markets. Rent roll details for each individual bedroom are available upon request by contacting the listing agent.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR2
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Total Parking Spaces 2
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5020018003
Special Listing Condition Standard
Listed by Mona Yadegar Christie's International Real Estate SoCal