418 E 40th Place, Los Angeles, California 90011, Los Angeles, 90011 - 4 bed, 1 bath
ACTIVE$625,000
418 E 40th Place, Los Angeles, California 90011
4Beds
1Bath
1,932Sqft
7,082Lot
Price Vs. Estimate
The estimated value ($427,130.655) is $197,869.345 (31%) lower than the list price ($625,000). This property may be overpriced.
Key pros and cons
Top Pros:
Development Potential: The RD2-1 zoning on a large 7,080 sq. ft. lot provides significant potential for an Accessory Dwelling Unit (ADU) or multi-unit development, enhancing future value.
Top Cons:
Extensive Renovation Required: Built in 1903 and described as a 'fixer opportunity,' the property will demand significant investment for modernization, repairs, and updating outdated systems.
Compared to the nearby listings
Price:$625.0K vs avg $560.0K (+$65,000)68%
Size:1,932 sqft vs avg 1,216 sqft87%
Price/sqft:$323 vs avg $50913%
More Insights
Built in 1903 (122 years old).
Condition: Built in 1903, this property is explicitly marketed as a 'fixer opportunity' and a 'probate sale,' indicating significant deferred maintenance. The images reveal an extremely outdated and worn interior, particularly in the kitchen and the single bathroom, which both require complete gut renovations. Walls show peeling paint and damage, flooring is old and worn (carpet, linoleum, or damaged hardwood), and fixtures are original or very old. Major systems are likely at the end of their lifespan, and the property is not move-in ready, requiring substantial repairs and rehabilitation to be safe and comfortable.
Year Built
1903
Close
-
List price
$625K
Original List price
$625K
Price/Sqft
$323
HOA
-
Days on market
-
Sold On
-
MLS number
TR25062839
Home ConditionPoor
Features
View-
About this home
Probate Sale-Investor opportunity or first-time home buyer fixer opportunity could be something special. 4 bedrooms 1 bathroom property has a great size, living space is 1,932 sq. ft. Zoning is RD2-1 on a large size lot 7,080 sq. ft. This property is in a wonderful location close to downtown Los Angeles and easy access to the 10 and 110 Freeways. Because this is a probate property don't let this opportunity pass you by probate is easier than you think, let me help you! Call me today!
Nearby schools
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.0mi
3/10
Trinity Street Elementary School
Public,•K-5•0.2mi
/10
Maple Primary Center
Public,•K-1•0.4mi
2/10
Harmony Elementary School
Public,•K-5•0.5mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.5mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.5mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.7mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.7mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.8mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.9mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.3mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.3mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.3mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.3mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.5mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.5mi
4/10
Norwood Street Elementary School
Public,•K-5•1.9mi
2/10
John W. Mack Elementary School
Public,•K-5•1.9mi
3/10
George Washington Carver Middle School
Public,•6-8•0.6mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.7mi
4/10
John Adams Middle School
Public,•6-8•0.9mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.2mi
2/10
John Muir Middle School
Public,•6-8•2.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.5mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.0mi
5/10
Santee Education Complex
Public,•9-12•1.3mi
3/10
Manual Arts Senior High School
Public,•9-12•1.4mi
4/10
West Adams Preparatory High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
02/25/70
Sold
$2,000
Condition Rating
Poor
Built in 1903, this property is explicitly marketed as a 'fixer opportunity' and a 'probate sale,' indicating significant deferred maintenance. The images reveal an extremely outdated and worn interior, particularly in the kitchen and the single bathroom, which both require complete gut renovations. Walls show peeling paint and damage, flooring is old and worn (carpet, linoleum, or damaged hardwood), and fixtures are original or very old. Major systems are likely at the end of their lifespan, and the property is not move-in ready, requiring substantial repairs and rehabilitation to be safe and comfortable.
Pros & Cons
Pros
Development Potential: The RD2-1 zoning on a large 7,080 sq. ft. lot provides significant potential for an Accessory Dwelling Unit (ADU) or multi-unit development, enhancing future value.
Strategic Location & Accessibility: The property boasts excellent proximity to downtown Los Angeles and easy access to major freeways (10 & 110), offering convenient commuting and access to city amenities.
Generous Interior Space: With 1,932 sq. ft. of living area and 4 bedrooms, the property offers substantial room, providing a strong foundation for a spacious renovated home.
Value-Add Opportunity: Explicitly marketed as a 'fixer opportunity' and probate sale, it appeals to investors or first-time buyers looking to build significant equity through renovation.
Proximity to Highly-Rated Schools: Ricardo Lizarraga Elementary School (4/5) is exceptionally close (0.04 miles), and Santee Education Complex (High School, 5/5) is within 1.34 miles, appealing to families.
Cons
Extensive Renovation Required: Built in 1903 and described as a 'fixer opportunity,' the property will demand significant investment for modernization, repairs, and updating outdated systems.
Limited Bathroom Functionality: The presence of only one bathroom for a four-bedroom home is a major functional deficiency, likely requiring a costly addition or remodel to meet modern living standards.
Significant Price Discrepancy: The list price of $625,000 is considerably higher than the estimated property value of $427,130.655, indicating a potential overvaluation in its current 'as-is' condition.