1220 E 40th Place
Los Angeles, CA, 90011
$599,000
MLS: SB26036667
Beds
2
Baths
1
Sq Ft
1,080
Lot
0.12 ac
Year Built
1904
MLS #
SB26036667
Days on Market
56
Listed
Feb 20, 2026
Description
The front residence presents excellent curb appeal with a professionally manicured front lawn and welcoming exterior that sets the tone for a move-in ready home. Inside, the property features a beautifully remodeled kitchen and updated bathroom offering modern finishes and immediate functionality for an owner-occupant or investor. The interior offers a flexible floor plan with multiple enclosed rooms, creating a layout that can be adapted to a variety of needs. While tax records reflect 2 bedrooms, the home currently features several additional rooms with windows and exterior access (buyer to verify legality, permits, and use). Located directly across the street from the Historic Ralph Bunche residence, the property also offers strong long-term upside potential. The home has been owner-occupied and is tenant-free*, making it ready for immediate use. In addition, the property includes a detached rear bonus structure with immense potential for an **ADU, studio, or creative workspace (buyer to verify possibilities).
Location
Los Angeles, Los Angeles County, CA 90011
Open on Google Maps ↗Listed by: Katrina Matthews · Keller Williams Realty
Payment estimate
$4,461
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $59,900 · Loan: $539,100
- Principal & Interest
- $3,312
- Property tax (1.25%)
- $624
- Homeowners insurance
- $300
- Mortgage insurance
- $225
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $20,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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