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

1220 E 40th Place, Los Angeles, California 90011 home-pic-0

1220 E 40th Place

Los Angeles, California 90011

ACTIVE
CONDITION: POOR
2Beds
1Baths
1,080Sq Ft
5,220Lot Size

Property Price

LIST PRICE$599,000
EST. MARKET VALUE
$571,531
4% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$571,531
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1220 E 40th Place
Subject
$599,000*
List Price
211,080$529-
A
455 E 28th Street
Sold
$675,000311,116$6051.0 mi
B
1626 E Martin Luther King Jr Boulevard
Sold
$550,000311,069$5140.5 mi
C
1447 E 22nd Street
Sold
$627,777321,380$4550.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

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

3/10

Harmony Elementary School

Grades K-5 • 0.4 mi

2/10

Nevin Avenue Elementary School

Grades K-5 • 0.5 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
38%
Baths1.02.0
47%
Square foot1,0801,118
47%
Lot Size5,2204,568.5
62%
Price$599.0K$575.0K
59%
Price per sq ft$555$514
65%
Built year19041909
18%
HOA$0$0
50%
Days on market14174
3%

Pricing History

Listed for Sale

Feb 20, 2026

$599,000

Initial Listing

Sold

Jun 10, 2005

$183,000

Public Record

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