851 West 40th Place

Los Angeles, CA 90037

$905,000
Last Sold Price
4
Beds
4
Baths
2,582 Sq. Ft.
$351 / Sq. Ft.
2,582
Sq. Ft.
$351
per Sq. Ft.

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!
  1. 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 Total
0
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2582

Location

Listing Courtesy of Four Brothers Real Estate, Drew Dunn, DRE #01941825

Sold By eXp Realty of California Inc., Sonia Moncayo, DRE #01736947

Add your commute
LISTING UPDATED: 06/10/2023 07:28 AM

Property Details for 851 West 40th Place

StatusClosed
MLS #OC23023329
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built1920
Lot Size0.13 AC / 5,742 SF
CountyLos Angeles County

Location

Listing Courtesy of Four Brothers Real Estate, Drew Dunn, DRE #01941825

Sold By eXp Realty of California Inc., Sonia Moncayo, DRE #01736947

Add your commute

Building Information for 851 West 40th Place

Stories2Residences-Year Built1920Building Size-Lot Size0.13 AC / 5,742 SF

Payment Calculator

$5,754 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,939

Property Taxes

$815

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 851 West 40th Place

Income / Expense / Tax Details
Income Details
  • Financing: VA
Tax / Assessment Info
  • Tax Tract Number: 56
  • Tax Census Tract: 2317.10
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 122
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Room Type: Kitchen, Laundry, Living Room
  • Main Level Bathrooms: 4
Exterior Features
  • Construction Materials: Drywall Walls
  • Roof: Shingle
  • Fence: Yes
  • Fencing: Fair Condition
  • Structure Type: Duplex
  • Property Condition: Repairs Cosmetic
  • Patio: Yes
  • Patio And Porch Features: Front Porch
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Non-Garage: Driveway
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway
Property / Structure Info
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls

Property History for 851 West 40th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Four Brothers Real Estate, Drew Dunn, DRE #01941825

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.