1110 W 40th Pl
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Sold

1110 W 40th Pl

1110 W 40th Pl, Los Angeles, CA 90037

$3,650,000

NOW LEASING

This property is now available for lease at $12,000/mo.
VIEW NOW
$3,650,000

1110 W 40th Pl

24 Beds 24 Baths 6,813 Sq.Ft.

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.

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Location

1110 W 40th Pl, Los Angeles, CA 90037

Status

Sold
Mona Yadegar

Mona Yadegar

Kirby Gillon

Kirby Gillon

Features & Amenities

Interior

  • total bedrooms24
  • Total bathrooms24
  • APPLIANCES Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Microwave, Washer, Range/Oven, Refrigerator

Area & Lot

  • Status Sold
  • Living Area6,813 Sq.Ft.
  • Lot Area6,406 Sq.Ft.
  • MLS® ID25611615
  • TypeMulti-Family
  • YEAR BUILT2023
  • NeighborhoodLos Angeles

Exterior

  • STORIES3
  • parkingAttached
  • HEAT TYPECentral
  • AIR CONDITIONINGAir Conditioning, Central

Financial

  • Sales Price$3,650,000
  • Zoning LAR2

Living

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