Robert Narchi

Situated within the bustling Indianapolis MSA, this property is strategically located along the heavily trafficked US 421, benefiting from prime visibility and sharing an entrance with a Marathon Gas station.​ It enjoys proximity to major local retailers including Home Depot, Kohl’s, Costco, and Target, enhancing its appeal in a vibrant retail corridor.​ The location boasts a fully operational drive-thru and an exterior patio, offering versatility for various commercial uses.​ With direct access to I-465, it also provides excellent regional connectivity.​ Carmel, Indiana, where the property is located, has earned prestigious rankings in recent years, including Niche 2024's #1 Best Suburb to Live in America and WalletHub 2023's #1 Best Small City in America, reflecting its high-quality living standards.​ The property is leased to the Arechiga Restaurant Group, a notable operator with nine locations in the Indianapolis area and five in Illinois, including popular chains such as Verde Flavors of Mexico and Los Agaves Grill.​ The tenant, with over 9 years remaining on a 10-year lease, is committed to growth and is developing an upscale Mexican restaurant, Piedra, set to open in 2026.​ The lease features 10% rent increases every five years, a strong personal guaranty, and a tenant responsible for taxes and insurance through CAM charges.​ Landlord responsibilities are limited to roof and structure maintenance, ensuring a stable investment with a reliable tenant and promising future developments.​

By use code: Residential - Five or More Units or Apartments (Any Combination) - 4 Stories or Less

1245 & 1247 E40th Pl is a charming five unit apartment building in the heart of South Los Angeles. The property is comprised of two structures, including a 3 bedroom 1 bath front house and four 2 bedroom 1 bath apartment units. The current owner has upgraded each of the five units to the highest standard by adding hardwood floors to the 2 bedroom units, new kitchen cabinets, counter tops, and recessed lighting. Two of the units offer washer and dryer hookups. Other features include custom stone and tile placements in the kitchens, bathrooms, and breakfast nooks. Three (3) of the units house section 8 tenants, providing extremely reliable rate rental collections. The property is conveniently located just a short drive to the 10 and 110 freeways allowing tenants access to all of the major employment hubs in Los Angeles including the University of Southern California and Downtown Los Angeles nearby . Tenants benefit from a walk score of 76 allowing most errands to be performed by foot.

Real Estate Broker lowering fees of real estate transactions 

Rene Perez Jr

A 20-year real estate veteran focusing on helping the individuals and families of Southern California navigate the real estate market.  Whether buying or selling, trust experience.  My expertise is residential real estate and multi-family investments.  

Robert Narchi

About Robert Narchi

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Recent property sales & transaction history

3 properties

Los Angeles

Family Home

$1,850,000 to $3,450,000

4,500 ft² to 7,100 ft²

Properties for sale by listing agent Robert Narchi

$1,500,000

$4,210,500

$1,092,000

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Robert Narchi

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