418 E 40th Place, Los Angeles, California 90011, Los Angeles, 90011 - 4 bed, 1 bath
ACTIVE$549,000$1,932/sqft
Est. Value: $549,000
%
FairlyEstimate
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:
Investment & Value Opportunity: Positioned as a probate sale with a recently lowered appraisal price, offering significant value and potential for investors or first-time homebuyers willing to undertake renovations.
Top Cons:
Inadequate Bathroom Count: The property features only one bathroom for four bedrooms, which is a significant functional deficiency and will likely necessitate a costly bathroom addition or reconfiguration.
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, this property is a significant 'fixer opportunity' as described in the listing. The images reveal extensive deferred maintenance and severe disrepair throughout. The kitchen is extremely outdated, lacking proper cabinetry and featuring an unsanitary carpeted floor. The single bathroom is also severely outdated with old fixtures and visible signs of neglect. There is significant wall damage and exposed wiring, indicating potential safety and structural concerns. The exterior shows widespread peeling paint and general dilapidation. The property requires substantial repairs and rehabilitation, making it likely unsafe and uncomfortable to live in its current state, aligning with the 'poor' condition criteria.
Year Built
1903
Close
-
List price
$549K
Original List price
$625K
Price/Sqft
$284
HOA
-
Days on market
-
Sold On
-
MLS number
TR25141311
Home ConditionPoor
Features
View-
About this home
GREAT VALUE PROBATE COURT LOWERED THE APPRAISAL PRICE! Probate Sale-Investor opportunity or first-time home buyer fixer opportunity, make this home into something special! 4 bedrooms and 1 bathroom. This home has plenty of room for big family living and a large lot 7,080 sq. ft. for entertainment or maybe an ADU (buyer to verify), zoning is RD2-1. This home is in a convenience location close to downtown L.A. 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
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 a significant 'fixer opportunity' as described in the listing. The images reveal extensive deferred maintenance and severe disrepair throughout. The kitchen is extremely outdated, lacking proper cabinetry and featuring an unsanitary carpeted floor. The single bathroom is also severely outdated with old fixtures and visible signs of neglect. There is significant wall damage and exposed wiring, indicating potential safety and structural concerns. The exterior shows widespread peeling paint and general dilapidation. The property requires substantial repairs and rehabilitation, making it likely unsafe and uncomfortable to live in its current state, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Investment & Value Opportunity: Positioned as a probate sale with a recently lowered appraisal price, offering significant value and potential for investors or first-time homebuyers willing to undertake renovations.
Prime Los Angeles Location: Highly convenient location with excellent access to Downtown LA and major freeways (10 and 110), enhancing commute times and access to city amenities.
Generous Lot Size with ADU Potential: Features a substantial 7,080 sq. ft. lot, providing ample space for outdoor living, entertainment, and the potential to add an Accessory Dwelling Unit (ADU) given the RD2-1 zoning.
Spacious Interior Layout: With 4 bedrooms and 1932 sq. ft., the property offers a sizable footprint suitable for a large family, providing ample living space.
Significant Price Reduction: The list price has been substantially reduced from the original, indicating a motivated seller and increased value proposition for potential buyers.
Cons
Inadequate Bathroom Count: The property features only one bathroom for four bedrooms, which is a significant functional deficiency and will likely necessitate a costly bathroom addition or reconfiguration.
Extensive Renovation Required: Built in 1903 and explicitly marketed as a 'fixer opportunity,' the home will require substantial investment in repairs, modernization, and upgrades to meet contemporary living standards.
Probate Sale Complexities: While presented as simplified, probate sales can inherently involve longer closing periods, court confirmation processes, and specific legal requirements that may deter some buyers seeking a quick transaction.