1220 E 40th Place, Los Angeles, California 90011, Los Angeles, 90011 - 2 bed, 1 bath

1220 E 40th Place
Los Angeles, California 90011
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1220 E 40th Place Subject | $599,000* List Price | 2 | 1 | 1,080 | $529 | - |
A 455 E 28th Street Sold | $675,000 | 3 | 1 | 1,116 | $605 | 1.0 mi |
B 1626 E Martin Luther King Jr Boulevard Sold | $550,000 | 3 | 1 | 1,069 | $514 | 0.5 mi |
C 1447 E 22nd Street Sold | $627,777 | 3 | 2 | 1,380 | $455 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
While the front residence features a recently remodeled kitchen and bathroom with modern cabinetry and stainless steel appliances, the overall property is rated poor due to a detached rear structure in a severely deteriorated and unsafe condition. The property requires substantial rehabilitation or demolition of the rear unit, is sold strictly as-is, and is unsuitable for traditional financing.
PROSSTRENGTHS & OPPORTUNITIES
- R-2 Development Potential
The R-2 zoning allows for low-density multi-unit residential development, providing a significant value-add opportunity for investors to build additional units or ADUs.
- Strategic Location
Positioned directly across from the Historic Ralph Bunche residence, the property is located in a watched area with strong long-term upside and neighborhood prestige.
- Partial Modernization
The main residence features a remodeled kitchen and bathroom, offering immediate functionality and reducing the initial renovation burden for the primary living area.
CONSRISKS & DEFICIENCIES
- Severe Structural Hazards
The detached rear structure is in a severely deteriorated and unsafe condition, likely requiring costly demolition or a complete structural overhaul.
- Restrictive Financing Requirements
Sold strictly as-is with no seller credits or repairs, the property's condition necessitates cash, hard money, or renovation-specific financing, limiting the pool of eligible buyers.
About 1220 E 40th Place
Investor / Developer Opportunity – Los Angeles R-2 Property features a front single-family residence and a detached two-story rear structure (1520 Sqft) in severely deteriorated condition. The rear building will likely require removal or major rehabilitation. Property is being sold **strictly as-is**. Seller will make no repairs and provide no credits. Zoned R-2 this is not just single-family zoning. The zoning allows low-density multi-unit residential development potential (buyer to verify with the City of Los Angeles). Ideal for redevelopment, value-add, ADU configuration, or multi-unit investment strategy. Buyer to verify all permits and Zoning information. The interior offers a flexible floor plan with multiple enclosed rooms, creating a layout you can do a lot with depending on your needs. While tax records show 2 bedrooms, the property currently features several additional rooms with windows and exterior access (buyer to verify legality, permits, and use). The kitchen and bathroom have both been remodeled, providing immediate functionality while future plans are explored. Located directly across the street from the Historic Ralph Bunche residence — a location many investors have watched for years — offering strong long-term upside potential. Owner previously occupied and tenant free Cash, hard-money, or renovation financing strongly recommended. *Safety Notice & Entry Warning:* The detached rear structure is in unsafe condition and may present serious hazards. *No person is permitted to enter the rear building prior to an accepted offer.** Access, if granted during escrow, will be coordinated through the listing agent and shall be at buyer and buyer’s representatives’ own risk and subject to a signed hold-harmless waiver. Seller and brokers make no representations regarding structural integrity or safety. Cameras are installed. Do not disturb occupants. Showings by appointment only.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1904
- Lot Size
- 5,220 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Wadsworth Avenue Elementary School
Grades K-5 • 0.3 mi
Harmony Elementary School
Grades K-5 • 0.4 mi
Nevin Avenue Elementary School
Grades K-5 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 38% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 1,080 | 1,118 | 47% |
| Lot Size | 5,220 | 4,568.5 | 62% |
| Price | $599.0K | $575.0K | 59% |
| Price per sq ft | $555 | $514 | 65% |
| Built year | 1904 | 1909 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 174 | 3% |
Pricing History
Listed for Sale
Feb 20, 2026
$599,000
Initial Listing
Sold
Jun 10, 2005
$183,000
Public Record














































