Welcome to your dream home in the heart of Los Angeles! AND enjoy the income potential this gem has to offer! This stunning property boasts an impressive 7 bedrooms and 4 bathrooms, 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, perfect for creating personalized areas for work, play, or relaxation. The HUGE front house has 3 beds, 2 baths, a formal dining and living area, and LARGE size rooms! The second unit hosts an additional 4 beds, and 2 baths with kitchenettes, ensuring both style and functionality for years to come. Both units 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 home 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. Don't miss out on the opportunity to make this incredible property your own and experience the best of Los Angeles living!
Property Details
Property Features
Property Information:
Year Built: 1916
Stories: 2
Living Area: 2,407 SqFt
Listing Office:
Office Name: Pillar Realty
Office Phone: (562) 243-3802
Listing Agent: Jonathan Calderon
Interior Features
Interior Information:
Interior: All Bedrooms Down, Loft
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 7
Exterior Features
Exterior Information:
Private Pool: No
View: Neighborhood
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Santee Education Complex, Public District Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
William Jefferson Clinton Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Trinity Street Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: 40th Pl and Broadway
Price Information
Listing Price Info
Price Summary:
List Price: $1,249,995
Price Per SqFt: $519/SqFt
Tax Information:
Annual Amount: $4,520
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $263.5K more than the Median Sold Price and $113/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #DW24084969
Listing Office:
Office Name: Pillar Realty
Office Phone: (562) 243-3802
Listing Agent: Jonathan Calderon
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/19/2024, 6:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 16, 2002
Oct 16, 2002Home Sold
$175,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$4,520
$358,304
2020
$4,388
$354,631
2019
$4,256
$347,679
2018
$2,865
$340,862
2017
$2,865
$218,372
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Trinity Street Elementary School
3736 Trinity St
Distance between this listing and this school0.47 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school6.47 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school20.44 miles
Public Magnet Grades KG-5
Middle School
3
/10
William Jefferson Clinton Middle School
3500 S Hill St
Distance between this listing and this school0.53 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.94 miles
Public District Grades 6-8
High School
4
/10
Santee Education Complex
1921 Maple Ave
Distance between this listing and this school1.55 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school4.19 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school17.97 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
Trinity Street Elementary School
3736 Trinity St
Distance between this listing and this school0.47 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school6.47 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school20.44 miles
Public Magnet Grades KG-5
Assigned Schools
3
/10
William Jefferson Clinton Middle School
3500 S Hill St
Distance between this listing and this school0.53 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.94 miles
Public District Grades 6-8
Nearby Schools
4
/10
Accelerated
4000 S Main St
Distance between this listing and this school0.19 miles
Public Charter Grades KG-8
Assigned Schools
4
/10
Santee Education Complex
1921 Maple Ave
Distance between this listing and this school1.55 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school4.19 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school17.97 miles
The neighbors living near this home have an average income of $32,540. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in married, with kids family. The most common level of education of people living in this area is high school diploma.
This home is located at 232 W 40th Pl in Los Angeles, CA and zip code 90037 in the South LA neighborhood. This 2,407 square foot home, which was built in 1916, sits on a 0.15 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 07, 2024 and is currently priced at $1,249,995.
While more than 701 listings in Los Angeles, CA in April 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 629 were sold below. The inventory of homes for sale in Los Angeles, CA between March 2024 and April 2024 increased by 14.9%. In April 2024 median list price was $986,427 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.