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1040 S Longwood Ave
Los Angeles, CA 90019 Miracle Mile

$2,795,000 USD

Apartments For Sale  •  7,962 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,962 SF
  • Lot Size 0.2 AC
  • Building Class C
  • Year Built 1926
  • Cap Rate 5.20 %
  • Zoning R1-1-O
64 Transit Score
73 Walk Score

Highlights

4 units on a quiet tree lined street
TWO UNITS WILL DELIVERED VACANT
Huge units with lots of upside in the rents
Low cost per unit - $350/SF
Hardwood floors & fireplaces
Located on a large corner lot - 8,916/SF

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $145,333 USD (2026)
Cap Rate: 5.20 %
Total Expenses: $49,163 USD

Amenities

  • Dishwasher
  • Fireplace
  • Washer/Dryer Hookup
  • Hardwood Floors
  • Sunroom
  • Carpet
  • Breakfast Nook
  • Dining Room

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 13 min - 6.8 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 15 min - 7.0 mi
AirportDriveWalkDistance
Los Angeles International 20 min - 10.3 mi
Bob Hope 22 min - 11.7 mi
Long Beach (Daugherty Field) 36 min - 25.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: AttachedGarage
Included in Rent: Yes
Michael Salerno 213-866-9801 Lee & Associates
Michael Salerno 213-866-9801 Lee & Associates