Investor / Developer Opportunity – Los Angeles R-2
Property features a front single-family residence and a detached two-story rear structure (1520 Sqft) in severely deteriorated condition. The rear building will likely require removal or major rehabilitation. Property is being sold **strictly as-is**. Seller will make no repairs and provide no credits.
Zoned R-2 this is not just single-family zoning. The zoning allows low-density multi-unit residential development potential (buyer to verify with the City of Los Angeles). Ideal for redevelopment, value-add, ADU configuration, or multi-unit investment strategy. Buyer to verify all permits and Zoning information.
The interior offers a flexible floor plan with multiple enclosed rooms, creating a layout you can do a lot with depending on your needs. While tax records show 2 bedrooms, the property currently features several additional rooms with windows and exterior access (buyer to verify legality, permits, and use). The kitchen and bathroom have both been remodeled, providing immediate functionality while future plans are explored.
Located directly across the street from the Historic Ralph Bunche residence — a location many investors have watched for years — offering strong long-term upside potential. Owner previously occupied and tenant free
Cash, hard-money, or renovation financing strongly recommended.
*Safety Notice & Entry Warning:*
The detached rear structure is in unsafe condition and may present serious hazards. *No person is permitted to enter the rear building prior to an accepted offer.** Access, if granted during escrow, will be coordinated through the listing agent and shall be at buyer and buyer’s representatives’ own risk and subject to a signed hold-harmless waiver. Seller and brokers make no representations regarding structural integrity or safety. Cameras are installed.
Do not disturb occupants. Showings by appointment only.
Property features a front single-family residence and a detached two-story rear structure (1520 Sqft) in severely deteriorated condition. The rear building will likely require removal or major rehabilitation. Property is being sold **strictly as-is**. Seller will make no repairs and provide no credits.
Zoned R-2 this is not just single-family zoning. The zoning allows low-density multi-unit residential development potential (buyer to verify with the City of Los Angeles). Ideal for redevelopment, value-add, ADU configuration, or multi-unit investment strategy. Buyer to verify all permits and Zoning information.
The interior offers a flexible floor plan with multiple enclosed rooms, creating a layout you can do a lot with depending on your needs. While tax records show 2 bedrooms, the property currently features several additional rooms with windows and exterior access (buyer to verify legality, permits, and use). The kitchen and bathroom have both been remodeled, providing immediate functionality while future plans are explored.
Located directly across the street from the Historic Ralph Bunche residence — a location many investors have watched for years — offering strong long-term upside potential. Owner previously occupied and tenant free
Cash, hard-money, or renovation financing strongly recommended.
*Safety Notice & Entry Warning:*
The detached rear structure is in unsafe condition and may present serious hazards. *No person is permitted to enter the rear building prior to an accepted offer.** Access, if granted during escrow, will be coordinated through the listing agent and shall be at buyer and buyer’s representatives’ own risk and subject to a signed hold-harmless waiver. Seller and brokers make no representations regarding structural integrity or safety. Cameras are installed.
Do not disturb occupants. Showings by appointment only.
Property Details
Price:
$599,000
MLS #:
SB26036667
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c34losangelessouthwest
Listed Date:
Feb 20, 2026
Finished Sq Ft:
1,080
Lot Size:
5,220 sqft / 0.12 acres (approx)
Year Built:
1904
See this Listing
Schools
School District:
Los Angeles Unified
Interior
Bathrooms
1 Full Bathroom
Cooling
NO
Heating
WL
Laundry Features
IR, IN
Exterior
Community Features
SDW, SL
Other Structures
TL, OB
Financial
Map
Community
- Address1220 E 40th PL Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Mar 04, 2026
7,171
Single Family Listed
82
Avg DOM
506
Avg $ / SqFt
$1,494,782
Avg List Price
Property Summary
- 1220 E 40th PL Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90011. It is listed for $599,000 and features 2 beds, 1 baths, and has approximately 1,080 square feet of living space, and was originally constructed in 1904. The current price per square foot is $555. The average price per square foot for Single Family listings in Los Angeles is $506. The average listing price for Single Family in Los Angeles is $1,494,782.
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1220 E 40th PL
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