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851 40th Place
Los Angeles, CA 90037
Sold
This property is still available for purchase and accepting offers, as the previous buyers were unable to perform. Situated in Exposition Park, it's conveniently located within walking distance of shopping centers and some of Los Angeles' top cultural attractions, including the Lucas (Star Wars) Museum, USC Coliseum, and BMO Stadium. This incredible property has the potential to generate significant income and boasts an impressive value-add opportunity. Its prime location makes it ideal for short-term rentals or seasonal student rentals. Additionally, there's a detached garage at the back that could be converted into an ADU or replaced with a larger one to increase your return on investment. The building is currently vacant, providing a rare opportunity to renovate the existing units and achieve market rates. Alternatively, you could live in one unit and rent out the other to substantially reduce your mortgage costs. The lot features two side-by-side units that are currently assessed as 2 bedrooms and 2 bathrooms but show as 3 bedrooms and 2 baths, with the potential to add a fourth bedroom in one of the units. The property is gated with front and back yards, and alley access for additional parking or entertaining guests. Please check out the virtual tour for further details. The owner is highly motivated to sell, and with some tender loving care, this property could be a goldmine. Don't miss out on this amazing opportunity, and send us your offer today!
PROPERTY INFORMATION
| MLS # | OC23023329 | Lot Size | 5,742 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Duplex |
| Price | $ 875,000
Price Per SqFt: $ 339 |
DOM | 814 Days |
| Address | 851 40th Place | Type | Residential |
| City | Los Angeles | Sq.Ft. | 2,582 Sq. Ft. |
| Postal Code | 90037 | Garage | N/A |
| County | Los Angeles | Year Built | 1920 |
| Bed / Bath | 4 / 4 | Parking | N/A |
| Built In | 1920 | Status | Closed |
| Sold Date | 2023-06-06 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Inside |
| Has Fireplace | Yes |
| Fireplace Information | Living Room |
| Has Heating | No |
| Heating Information | None |
| Room Information | Kitchen, Laundry, Living Room |
| Has Cooling | No |
| Cooling Information | None |
| Main Level Bedrooms | 4 |
| Main Level Bathrooms | 4 |
EXTERIOR FEATURES
| Roof | Shingle |
| Has Pool | No |
| Pool | None |
| Has Patio | Yes |
| Patio | Front Porch |
| Has Fence | Yes |
| Fencing | Fair Condition |
WALKSCORE
Walk Score: 88 (Very Walkable)
Transit Score: 73 (Excellent Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $933
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/06/2023 | Sold | $905,000 |
| 03/20/2023 | Active | $875,000 |
| 02/10/2023 | Listed | $875,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Drew Dunn, Four Brothers Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
