788 E 40th Place
Los Angeles, CA, 90011
$569,900
MLS: CV25160290
Beds
3
Baths
2
Sq Ft
1,220
Lot
0.07 ac
Year Built
1915
MLS #
CV25160290
Days on Market
77
Listed
Jul 16, 2025
Description
BACK IN THE MARKET PENDING CANCELLATION OF CURRENT ESCROW. Short Sale Opportunity! Charming Craftsman bungalow in central LA- blending vintage character with modern updates. Featuring hardwood floors, 3 bedrooms, high ceilings, an updated kitchen and bathrooms , and a private backyard with an avocado tree. Recent upgrades include roof, plumbing, kitchen and electrical. This Amazing home is strategically located on a prime area close to USC, Downtown LA and freeways for easy access. Don't miss this chance to own a gem with tons of potential at a great value!
Location
Los Angeles, Los Angeles County, CA 90011
Open on Google Maps ↗Listed by: Sofia Morales Santana · CENTURY 21 PRIMETIME REALTORS
Payment estimate
$4,259
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $56,990 · Loan: $512,910
- Principal & Interest
- $3,151
- Property tax (1.25%)
- $594
- Homeowners insurance
- $300
- Mortgage insurance
- $214
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 $19,947 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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