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1940 S La Salle Avenue, Los Angeles, California 90018, Los Angeles, 90018 - 6 bed, 5 bath

1940 S La Salle Avenue, Los Angeles, California 90018 home-pic-0
ACTIVE$1,899,000
1940 S La Salle Avenue, Los Angeles, California 90018
6Beds
5Baths
3,681Sqft
7,501Lot
Year Built
1939
Close
-
List price
$1.9M
Original List price
$2.05M
Price/Sqft
$516
HOA
-
Days on market
-
Sold On
-
MLS number
OC25097887
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.90M(85th), sqft - 3681(85th), beds - 6(85th), baths - 5(92th).

Design your own dream house 5 minutes from DTLA, 10 minutes from USC, BMO Stadium, and LAX. 1940 S. La Salle can either be 1-3 bedrooms and a full bathroom downstairs with a large, 2 bed, 1 bath, plus sunroom/office upstairs or combined into one home. Property comes with 1942 and 1942 1/2 S. La Salle which are fully remodeled 1 and 2 bedroom apartments with new kitchens, bathrooms, flooring, and paint that sit above two oversized 2 car garages with storage areas. One of the garages can also be converted to a 2 bedroom ADU and plans were previously approved. Take up to 1% off your interest rate for the first year through the seller's preferred lender Crestline Funding. Seller will pay for this concession on qualified offers. 3D tour and floor plan available at: https://www.homes.com/property/1940-s-la-salle-ave-los-angeles-ca/4cjts3csh29dg/

Price History

Date
Event
Price
08/07/25
Price Change
$1,899,000
05/02/25
Listing
$2,049,000
08/08/24
Sold
$1,080,000
Condition Rating
Excellent
Despite being built in 1939, the property features extensively renovated units as explicitly stated in the description ('fully remodeled 1 and 2 bedroom apartments with new kitchens, bathrooms, flooring, and paint'). The images strongly support this, showcasing modern, virtually new kitchens with stainless steel appliances and white cabinetry, and bathrooms with contemporary marble-look tiling, new vanities, and black fixtures. The flooring throughout is new dark hardwood, and mini-split AC units indicate updated cooling/heating systems. The overall condition, particularly in the key areas of kitchen and bathroom, reflects a very recent and high-quality renovation, making it move-in ready with no immediate updates required.
Pros & Cons

Pros

Significant Income Potential: The property includes two fully remodeled income-generating units (1942 & 1942 1/2 S. La Salle) in addition to the main residence, offering immediate cash flow and investment diversification.
Approved ADU Conversion Opportunity: Previously approved plans for converting one oversized garage into a 2-bedroom ADU provide a clear path for further income generation or expanded living space, adding substantial value with reduced development hurdles.
Exceptional Central Location: Strategically located just minutes from Downtown LA, USC, BMO Stadium, and LAX, ensuring high demand for rentals and strong appreciation potential due to unparalleled accessibility.
Flexible Property Configuration: The main residence offers versatile layout options (separate units or combined home), catering to various needs from owner-occupancy with rental income to multi-generational living.
Attractive Buyer Incentive: The seller's offer of up to 1% off the interest rate for the first year through a preferred lender provides a direct financial benefit, enhancing affordability for qualified buyers.

Cons

Age of Main Residence: Built in 1939, the primary structure may require substantial renovation or modernization to meet contemporary standards, potentially incurring significant additional costs for the buyer.
Unspecified Condition of Main House: The phrase 'Design your own dream house' for the main residence suggests it may need extensive work beyond cosmetic updates, implying a potentially large renovation budget and effort.
Lack of Noted Premium Features/Views: The property description does not highlight any premium features like specific views (stated as 'None'), high-end finishes in the main house, or modern amenities, which might be expected at this price point.

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