Open House 6/22 12pm - 2:30pm
232 W 40th Place
Los Angeles, CA, 90037 $ 1,224,995
Bedrooms4 Baths2.0 Sq 2,407 Monthly Estimate*
$ 8,142
for $1,224,995 with 4 bedrooms and 2 full baths. This 2,407 square foot home was built in 1916 on a lot size of 0.1499.
This motivated seller is willing to help buyers with closing costs. The property can be both a place for you to live and enjoy AND an produce rental income to help you make the mortgage payment!! This gem has TONS to offer! This stunning property boasts an impressive 8 bedrooms and 4 bathrooms in total, providing lots of space for your family, loved ones, and guests. As you step inside, you'll immediately notice the open floor plan and extra loft / bonus flex space (currently staged as a room), perfect for creating personalized areas for work, play, or relaxation. The HUGE front house has 4 beds, 2 baths, a formal dining and living area, and LARGE size rooms! The second unit hosts an additional 3 beds, and 1 baths with kitchenettes, ensuring both style and functionality for years to come. AND the converted garage has an additional bed, bath, and kitchenette. Both units and garage underwent major facelifts. Parking will never be an issue with ample spaces available, making hosting gatherings and accommodating multiple vehicles a breeze. Conveniently located near major highways, this property is ideal for commuters looking for easy access to all parts of the city. Plus, its proximity to USC, sports stadiums, shopping centers, and restaurants ensures you'll always be just moments away from entertainment and amenities. AND the perks don't stop there! This garage conversion also comes with approved permits for an ADU (Accessory Dwelling Unit), providing additional rental income potential. PLANS THAT ARE APPROVED BY THE CITY OF LOS ANGELES AND CLEARED BY THE DEPARTMENT OF WATER AND POWER ARE SOLD WITH THE PROPERTY. OR keep that property as is and start getting rental income NOW! Tons of options are available with this property. Don't miss out on the opportunity to make this incredible property your own!
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Open House
6/22/2024 12:00 PM - 2:30 PM
6/23/2024 1:00 PM - 5:00 PM
232 W 40th Place Los Angeles, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralInterior Features HighCeilings TwoStoryCeilings AllBedroomsDown BedroomonMainLevel Loft MainLevelPrimary PrimarySuite
Sewer PublicSewer
Heating ENERGYSTARQualifiedEquipment SeeRemarks
Cooling WallWindowUnits
Roof Shingle
Appliances DoubleOven Freezer Refrigerator TanklessWaterHeater
Zoning LARD2
Garage Spaces 0.0
Pool Features None
Year Built 1916
Property SubType Duplex
Gross Income 99600.0
Community Features Curbs StormDrains StreetLights Sidewalks
County Los Angeles
Net Operating Income 99600.0
Operating Expense 0.0
Insurance Expense 3500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions 40th Pl and Broadway
City Los Angeles
Entry Location 1
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 3
MLS Area C42 - Downtown L.A.
Lot Size Units SquareFeet
Lot Size Square Feet 6529.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Listing Terms Conventional
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 6000.0
Home Warranty Y/N N
Fuel Expense 6200.0
Trash Expense 1500.0
Water Sewer Expense 1500.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 28
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 20
Property Sub Type Additional Duplex
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InteriorFlooring Laminate
Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features WasherHookup GasDryerHookup
Entry Level 1
Electric On Property Y/N N
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ExteriorLot Features Item01UnitAcre
Water Source Public
Total Parking 0.0
Lot Size Area 6529.0
Number of Buildings 2
Spa N
Building Area Total 2407.0
Lot Size Acres 0.1499
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,142
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,995,844
Percent of Sale Price 63%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
6/15/2024 | $1,224,995 | -2.00% | Price Down |
5/25/2024 | $1,249,995 | | Listed Price |