1220 E 40th Place, Los Angeles, CA 90011

• 2 beds |
• 1 bath |
• 1,080 sqft

Property Description

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

Listing Status:

Active

Date Added:

February 20, 2026

Data Last Updated:

March 4, 2026 at 6:06AM

Listing Office:

Keller Williams Realty : 562-843-1017

Listing Agent:

Katrina Matthews : 213-584-3166

MLS ID:

CRSB26036667

Interior

• Laundry: Laundry RoomInside
• A/C: Ceiling Fan(s)None
• Heating: Wall Furnace
• Fireplace: Living RoomFireplace

Exterior

• General: Front Yard
• Pool: None

Construction

• General: 1

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• School District: Los Angeles Unified
• County: Los Angeles

Lot

• Zoning: 5114035004
• View: Other

Financial

• Source: CRMLS