851 West 40th Place
851 West 40th Place
$905,000
4
4
2,582
2,582
$351
Closed 6/6/23
Description
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...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!
- Listed by Drew Dunn • DRE #01941825 • Brokerage DRE #01941825 • Four Brothers Real Estate • 949-413-7911
Property Details for 851 West 40th Place
View
Neighborhood
Parking Spaces Total0
Private PoolNo
Cooling TypeN/K
Total Units2.0
Building TypeDetached
Lot Size SourceAssessor
Living Area2582
Location
LISTING UPDATED: 06/10/2023 07:28 AM
Property Details for 851 West 40th Place
Status | Closed |
---|---|
MLS # | OC23023329 |
Days on Market | 24 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential |
Year Built | 1920 |
Lot Size | 0.13 AC / 5,742 SF |
County | Los Angeles County |
Location
Building Information for 851 West 40th Place
Stories2Residences-Year Built1920Building Size-Lot Size0.13 AC / 5,742 SF
Payment Calculator
$5,754 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 851 West 40th Place
Property History for 851 West 40th Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 851 West 40th Place
Taxable ValueLand$624,240Additions$155,019Total$779,259
Tax Record2023$9,779 ($815 / month)
Home Facts
Total Finished SqFt2,582 SqFtAbove Grade Finished SqFt2,582 SqFtLot Size5,742 SqFtStyleDuplexYear Built1920ZoningLAR3CountyLOS ANGELESAPN5019-001-006
Schools near 851 West 40th Place
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 9 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Menlo Avenue Elementary School PublicK to 5 | ||
Barack Obama Global Preparation Academy Public6 to 9 | ||
Manual Arts Senior High School Public9 to 12 | ||
USC Hybrid High College Prep Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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