1251-1253 East 40th Place

Los Angeles, CA 90011

$749,000
Price
7
Beds
3
Baths
1,728 Sq. Ft.
$433 / Sq. Ft.
1,728
Sq. Ft.
$433
per Sq. Ft.

Description

GREAT OPPORTUNITY-2 ON A LOT-1251 AND 1253 e 40TH PLACE, 4 BEDRROMS ONE AND 1/2 BATH FRONT HOME, 3 BEDROOMS ONE BATH REAR HOME, BOTH HOMES HAVE BEEN REHABBED A FEW YEARS AGO WITH NEW KITCHENS TILE FLOORS BATHROOMS, PLENTY OF PARKING, ENOUGH SPACE IN THE BACK TO BUILD ADU, LOCATION IS GREAT, CLOSE TO DOWNTOWN LOS ANGELES, WALKING DISTANCE TO JEFFERSON HIGH SCHOOL.GREAT OPPORTUNITY-2 ON A LOT-1251 AND 1253 e 40TH PLACE, 4 BEDRROMS ONE AND 1/2 BATH FRONT HOME, 3 BEDROOMS ONE BATH REAR HOME, BOTH HOMES HAVE BEEN REHABBED A FEW YEARS AGO WITH NEW KITCHENS TILE FLOORS BATHROOMS, PLENTY OF PARKING, ENOUGH SPACE IN THE BACK TO BUILD ADU, LOCATION IS GREAT, CLOSE TO DOWNTOWN LOS ANGELES, WALKING DISTANCE TO JEFFERSON HIGH SCHOOL.
  1. Listed by Daniel Diaz • DRE #01148097 • Brokerage DRE #01526567 • First Family Homes • 562-843-4887

Property Details for 1251-1253 East 40th Place

Parking Spaces Total
0
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1728
Assessor Parcel Number
5114-032-022
Property Attached YN
false
LISTING UPDATED: 09/20/2024 07:14 AM

Property Details for 1251-1253 East 40th Place

StatusActive
MLS #DW24196096
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1918
Lot Size0.13 AC / 5,804 SF
CountyLos Angeles County

Building Information for 1251-1253 East 40th Place

Stories1Residences-Year Built1918Building Size-Lot Size0.13 AC / 5,804 SF

Property Information for 1251-1253 East 40th Place

Income / Expense / Tax Details
Income Details
  • Gross Income: $47,340
  • Gross Scheduled Income: $3,945
  • Net Operating Income: $3,635
Expense Details
  • Operating Expense: $310
  • Insurance Expense: $725
  • Trash Expense: $0
  • Water Sewer Expense: $370
  • Total Expenses: $4,445
Tax / Assessment Info
  • Tax Tract Number: 22
  • Tax Census Tract: 2282.10
  • Tax Lot: 22
Community / Development
Community / Development
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,845
  • Unit Type Total Rent: $1,845
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 1251-1253 East 40th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1251-1253 East 40th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Wadsworth Avenue Elementary School
PublicK to 5

Nava College Preparatory Academy
Public9 to 12

Santee Education Complex
Public9 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1251-1253 East 40th Place is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on September 19, 2024 by First Family Homes, it's currently listed at $749,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Wadsworth Avenue Elementary School, Dr. Julian Nava Learning Academies-School Of Business And Technology and Nava College Preparatory Academy. 1251-1253 East 40th Place is a 7-bed, 3-bath, 1,728 sqft multi-family home built in 1918.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of First Family Homes, Daniel Diaz, DRE #01148097

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.