418 418 E 40th Place, Los Angeles, California 90011, Los Angeles, 90011 - 4 bed, 1 bath
ACTIVE UNDER CONTRACT$549,000$1,932/sqft
Est. Value: $549,000
%
FairlyEstimate
418 418 E 40th Place, Los Angeles, California 90011
4Beds
1Bath
1,932Sqft
7,082Lot
Price Vs. Estimate
The estimated value ($549,000) is $0 (0%) lower than the list price ($549,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Urban Location: Strategically located near Downtown Los Angeles, USC, beaches, and major freeways (10 & 110), offering excellent accessibility and convenience for residents.
Top Cons:
Extensive Renovation Required: Described as a 'fixer opportunity' and a 'probate sale,' indicating the property is in need of significant repairs, updates, and modernization, requiring substantial capital investment.
Compared to the nearby listings
Price:$549.0K vs avg $562.5K ($-13,500)41%
Size:1,932 sqft vs avg 1,162.5 sqft94%
Price/sqft:$284 vs avg $5186%
More Insights
Built in 1903 (123 years old).
Condition: Built in 1903 and explicitly described as a 'fixer opportunity,' this property is in very poor condition. The kitchen features extremely old, worn cabinets, outdated countertops, a dirty sink, and old appliances, all sitting on worn carpet. The single bathroom for four bedrooms is highly outdated with a stained vanity, old tiles, and general disrepair. Throughout the home, carpets are worn and dirty, walls show significant wear and potential water damage, and windows are old and dirty. The exterior is neglected with unkempt grounds and makeshift structures. Major systems and components are likely original or very old, requiring substantial repairs and rehabilitation to be safe and comfortable.
Year Built
1903
Close
-
List price
$549K
Original List price
$549K
Price/Sqft
$284
HOA
-
Days on market
-
Sold On
-
MLS number
TR25226976
Home ConditionPoor
Features
View-
About this home
Probate Sale-investor opportunity or first-time buyer fixer opportunity make this home into something special! This home has plenty of room for big family living. A large lot 7082 Sq. ft. for family entertainment or may be add an ADU? zoning is RD2-1. This home is in a convenient location close to downtown Los Angeles, USC, beaches and easy access to the 10 and 110 freeways. Don't let this opportunity pass you by probate is easier than you think, let me help you! Call me today!
J
Jeffrey Milner
Listing Agent
Condition Rating
Poor
Built in 1903 and explicitly described as a 'fixer opportunity,' this property is in very poor condition. The kitchen features extremely old, worn cabinets, outdated countertops, a dirty sink, and old appliances, all sitting on worn carpet. The single bathroom for four bedrooms is highly outdated with a stained vanity, old tiles, and general disrepair. Throughout the home, carpets are worn and dirty, walls show significant wear and potential water damage, and windows are old and dirty. The exterior is neglected with unkempt grounds and makeshift structures. Major systems and components are likely original or very old, requiring substantial repairs and rehabilitation to be safe and comfortable.
Pros & Cons
Pros
Prime Urban Location: Strategically located near Downtown Los Angeles, USC, beaches, and major freeways (10 & 110), offering excellent accessibility and convenience for residents.
Large Developable Lot: A substantial 7,082 sq. ft. lot with RD2-1 zoning provides significant potential for expansion, outdoor amenities, and the addition of an Accessory Dwelling Unit (ADU).
Strong Investment Potential: Marketed as a probate sale and fixer opportunity, it's ideal for investors or first-time buyers looking to add substantial value through renovation and customization.
Generous Living Space: The property boasts 4 bedrooms and 1932 sq. ft., offering ample room for a large family or flexible living arrangements.
Future Income Generation: The RD2-1 zoning and large lot size open up possibilities for adding an ADU, which can provide future rental income or multi-generational living options.
Cons
Extensive Renovation Required: Described as a 'fixer opportunity' and a 'probate sale,' indicating the property is in need of significant repairs, updates, and modernization, requiring substantial capital investment.
Limited Bathroom Facilities: With only one bathroom for four bedrooms, the property lacks the modern convenience and functionality typically desired by families, potentially requiring an expansion.
Historic Age: Built in 1903, the property is over a century old, which often implies outdated systems (plumbing, electrical), potential structural issues, and higher maintenance costs.