1291 E 40th, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE UNDER CONTRACT$1,150,000
1291 E 40th, Los Angeles, California 90011
0Bed
0Bath
2,445Sqft
5,191Lot
Year Built
1906
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$470
HOA
-
Days on market
-
Sold On
-
MLS number
RS25255624
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
We found 4 Cons,5 Pros. Rank: price - $1.15M(88th), sqft - 2445(85th), beds - undefined(50th), baths - undefined(50th).
Excellent opportunity to live in one house and collect rents in the three other units. Single family home with 3 bedrooms, one unit is a 2 bedroom, one unit is a single and one unit is a 1 bedroom. Great income producing units.
Nearby schools
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.4mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.4mi
2/10
Harmony Elementary School
Public,•K-5•0.5mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.6mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.6mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.7mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.8mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.8mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.0mi
2/10
Hooper Avenue Elementary School
Public,•1-5•1.0mi
2/10
Aurora Elementary School
Public,•K-5•1.1mi
2/10
Holmes Avenue Elementary School
Public,•K-6•1.2mi
5/10
Lillian Street Elementary School
Public,•K-6•1.8mi
5/10
Estrella Elementary School
Public,•K-5•1.8mi
5/10
Pacific Boulevard School
Public,•K-5•2.1mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.4mi
3/10
George Washington Carver Middle School
Public,•6-8•0.7mi
6/10
Vernon City Elementary School
Public,•K-7•1.3mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.5mi
3/10
Thomas A. Edison Middle School
Public,•6-8•2.0mi
3/10
Henry T. Gage Middle School
Public,•6-8•2.8mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.1mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.1mi
5/10
Santee Education Complex
Public,•9-12•1.4mi
4/10
Huntington Park Senior High School
Public,•9-12•2.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•3.0mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•3.0mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•3.0mi
Price History
Date
Event
Price
11/07/25
Listing
$1,150,000
06/18/18
Sold
$410,000
Condition Rating
Fair
The property, built in 1906, has undergone significant cosmetic updates, particularly in the kitchen and bathroom, which feature modern cabinets, countertops, fixtures, and tile. The flooring appears to be refinished hardwood, and the interior has fresh paint. However, the kitchen is missing essential appliances (stove, refrigerator), making it not fully move-in ready. The heating system relies on a wall-mounted unit, indicating an older HVAC setup. While visually appealing due to recent renovations, the advanced age of the structure suggests that major underlying systems (plumbing, electrical) may still be outdated and require future attention, aligning with the 'Fair' condition criteria of needing minor updates/repairs and having functional but outdated major components.
Pros & Cons
Pros
Strong Income Potential: The property is a quadruplex with a diverse unit mix (3-bed SFH, 2-bed, 1-bed, single), offering excellent income-producing opportunities for investors or owner-occupants.
Multi-Unit Configuration: As a quadruplex, it provides multiple streams of rental income, which can offer greater financial stability and a hedge against vacancies compared to single-unit properties.
Desirable Los Angeles Location: Situated in Los Angeles, the property benefits from a high-demand rental market and potential for long-term property value appreciation.
Generous Lot Size: With a 5191 sqft lot, there's potential for outdoor amenities, tenant parking, or even future expansion possibilities, subject to local zoning.
Historic Charm: Built in 1906, the property likely possesses architectural character and a sense of history that can appeal to tenants and buyers seeking unique properties.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2445, other record living area = 1742.
Advanced Age of Structure: A 1906 build suggests potential for significant deferred maintenance, outdated infrastructure (plumbing, electrical), and the need for substantial capital expenditures for renovations or system upgrades.
Currently Active Under Contract: The property's 'Active Under Contract' status means it is not immediately available for new offers, potentially requiring interested parties to wait or submit backup offers.
Mixed School Ratings: While numerous schools are nearby, several have lower ratings (e.g., Thomas Jefferson Senior High School rated 2, Harmony Elementary School rated 2), which could be a deterrent for families prioritizing highly-rated public education.