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540 W 118th Street, Los Angeles, California 90044, Los Angeles, 90044 - 3 bed, 2 bath

540 W 118th Street, Los Angeles, California 90044 home-pic-0
ACTIVE$1,300,000
540 W 118th Street, Los Angeles, California 90044
3Beds
2Baths
1,340Sqft
9,323Lot
Year Built
1954
Close
-
List price
$1.3M
Original List price
$140K
Price/Sqft
$970
HOA
-
Days on market
-
Sold On
-
MLS number
IG25145826
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.30M(99th), sqft - 1340(59th), beds - 3(50th), baths - 2(50th).

Two Homes On ONE LOT. Tons of income potential! Discover an incredible multi-residence property in the heart of Los Angeles—ideal for investors, multi-generational living, or anyone seeking style, comfort, and flexibility. Just minutes from SoFi Stadium, the Kia Forum, and major freeways, this property offers two distinct homes on one spacious lot, each with its own character and opportunity. Front Home – 540 W. 118th Street Step into timeless charm with 1,340 sq ft, featuring 3 bedrooms and 2 baths. You’ll love the warm hardwood flooring, recessed lighting, and a cozy fireplace perfect for relaxing evenings. Each bedroom is generously sized, offering comfort and versatility. A three-car garage provides ample parking and storage—rare for the area. This front home beautifully balances classic design with everyday functionality. ?? Rear Home – 538 W. 118th Street (Built 2025) Brand-new and built with modern living in mind, this 1,193 sq ft residence showcases contemporary design, efficiency, and sophistication. Enjoy the state-of-the-art kitchen with bold navy cabinetry, quartz countertops and backsplash, stainless-steel appliances, and recessed lighting throughout. The bathrooms are equally stunning—spa-inspired with quartz counters, matte-black fixtures, and marble-style tile surrounds. With paid-off solar, washer/dryer hookups, and abundant natural light, this home delivers both luxury and sustainability. Bonus Opportunity The expansive lot still has space to build an additional 600 sq ft one-bedroom, one-bath dwelling, with contractor-drafted plans already available. Whether you envision multi-family living or additional rental income, the potential is already mapped out for you. Prime Location Centrally located near freeways, local schools, SoFi Stadium, and the growing Inglewood entertainment district, this property offers convenience, opportunity, and style all on one lot!

Nearby schools

5/10
Figueroa Street Elementary School
Public,•K-5•0.6mi
3/10
West Athens Elementary School
Public,•K-5•0.6mi
5/10
One Hundred Eighteenth Street School
Public,•K-5•0.7mi
5/10
Woodcrest Elementary School
Public,•K-5•1.1mi
4/10
Charles W. Barrett Elementary School
Public,•K-5•1.5mi
3/10
Ninety-Fifth Street Elementary School
Public,•K-5•1.7mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•2.1mi
4/10
Manchester Avenue Elementary School
Public,•1-6•2.3mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•2.3mi
2/10
Samuel Gompers Middle School
Public,•6-8•0.6mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.8mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•3.6mi
9/10
Middle College High School
Public,•9-12•2.2mi
3/10
John C. Fremont Senior High School
Public,•9-12•3.2mi

Price History

Date
Event
Price
11/04/25
Price Change
$1,300,000-7.1%
10/15/25
Price Change
$1,400,000
06/29/25
Listing
$140,000
01/03/22
Sold
$550,000
Condition Rating
Excellent
This property features two distinct homes on one lot. The rear home, built in 2025, is brand new with a state-of-the-art kitchen featuring bold navy cabinetry, quartz countertops, stainless steel appliances, and recessed lighting. Its bathrooms are spa-inspired with quartz counters, matte-black fixtures, and modern tile surrounds. The front home, built in 1954, is described as having 'warm hardwood flooring' and 'recessed lighting,' indicating it is well-maintained and updated. The images confirm the pristine, modern condition of the new unit and the clean, updated appearance of the older unit, justifying an 'excellent' rating for the overall property.
Pros & Cons

Pros

Dual-Unit Income Potential: The property features two distinct homes on one lot, offering significant income potential through rental or multi-generational living arrangements.
Brand-New, Modern Rear Unit: The rear home, built in 2025, boasts contemporary design, a state-of-the-art kitchen, spa-inspired bathrooms, and paid-off solar, appealing to modern tenants or residents.
Expansion Opportunity: The expansive lot includes pre-drafted plans for an additional 600 sq ft dwelling, providing immediate potential for further income generation or increased living space.
Prime Location: Strategically located minutes from major attractions like SoFi Stadium, the Kia Forum, and major freeways, enhancing its appeal for both residents and potential renters.
Excellent Overall Condition: Despite the front home's age, the property has an 'excellent' condition score, indicating both units are well-maintained or newly constructed to a high standard.

Cons

Age of Front Home: While described with charm, the 1954 build year for the front home suggests potential for older systems or maintenance needs not explicitly detailed, contrasting with the brand-new rear unit.
Lack of Specified Cooling System: Neither the front nor the rear home description explicitly mentions a cooling system (like central AC), which can be a significant drawback in Los Angeles's climate.
Recent Price Reduction: The property has seen a recent price drop from $1.4M to $1.3M, which could indicate initial overpricing or a slower-than-expected market response.

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