418 418 E 40th Place, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$549,000
418 418 E 40th Place, Los Angeles, California 90011
4Beds
1Bath
1,932Sqft
7,082Lot
Year Built
1903
Close
-
List price
$549K
Original List price
$549K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
TR25226976
Home ConditionPoor
Features
Patio
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!
Price History
Date
Event
Price
09/27/25
Listing
$549,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (31 Listings) | |
|---|---|---|---|
| Beds | 4 | 3 | 66% |
| Baths | 1 | 2 | 47% |
| Square foot | 1,932 | 1,219 | 91% |
| Lot Size | 7,082 | 5,189 | 94% |
| Price | $549K | $545K | 50% |
| Price per square foot | $284 | $498 | 6% |
| Built year | 1903 | 9550956 | 13% |
| HOA | |||
| Days on market | 39 | 194 | 3% |
Condition Rating
Poor
Built in 1903, this property is explicitly marketed as a 'fixer opportunity,' which is evident throughout the images. The kitchen features extremely outdated cabinets, an old gas range covered in foil, and unhygienic carpet flooring, indicating a complete renovation is needed. The bathroom is equally dilapidated with an old vanity, worn fixtures, and dirty, dated tiles. Windows appear old and unmaintained. The overall condition suggests significant deferred maintenance and a property that is likely uncomfortable or unsafe to live in its current state, requiring substantial repairs and rehabilitation.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as an 'investor opportunity or first-time buyer fixer opportunity,' this property offers significant upside potential through renovation and customization.
ADU Development Potential: The generous 7,082 sq. ft. lot combined with RD2-1 zoning provides a strong opportunity to add an Accessory Dwelling Unit (ADU), enhancing rental income or multi-generational living options.
Large Lot Size: A substantial 7,082 sq. ft. lot offers ample space for outdoor living, potential expansion, or ADU development, a valuable asset in urban Los Angeles.
Strategic Location: Conveniently located with easy access to Downtown Los Angeles, USC, beaches, and major freeways (10 and 110), appealing to commuters and those seeking urban amenities.
Spacious Interior: With 4 bedrooms and 1,932 sq. ft. of living space, the property offers a substantial footprint suitable for a large family, providing a solid foundation for renovation.
Cons
Extensive Renovation Required: Explicitly described as a 'fixer opportunity,' the property requires significant investment and work to modernize and bring it to current standards, which may deter some buyers.
Historic Age & Potential Issues: Built in 1903, the property's age suggests potential for outdated infrastructure, systems, and deferred maintenance, which could lead to unforeseen repair costs.
Limited Bathroom Count: A 4-bedroom home with only 1 bathroom presents a significant functional limitation for larger families or multiple occupants, likely requiring an additional bathroom installation during renovation.