tomo logo

$599,000

Beds
3
Baths
2.0
sq ft
1,220

788 E 40th Pl, Los Angeles, CA 90011

788 E 40th Pl

Los Angeles, CA 90011

  • 5 days on market
NEW REDUCED PRICE! Welcome to 788 E 40th Place—a beautifully maintained Craftsman bungalow in central Los Angeles that perfectly blends historic charm with modern updates. This early 20th-century home welcomes you with a mix of original and updated hardwood and luxury vinyl plank floors, high ceilings, and an abundance of natural light. The living room features classic built-ins and vintage details, adding character to the space, while the updated kitchen boasts modern conveniences, including custom cabinets, quartz countertops, and stainless steel appliances. The home offers three bedrooms, each providing a peaceful retreat, and a spacious backyard with mature fruit trees and a patio—ideal for outdoor living. Located in a prime area near downtown, USC, and major freeways, you’ll enjoy convenient access to parks, dining, shopping, and more. Additional highlights include recent upgrades to the plumbing and electrical systems. This charming bungalow at 788 E 40th Place is ready to welcome its next owner—don’t miss this incredible opportunity!

Details

Property type

Single Family Residence

Est. home value

$600,582

Lot size

2,885 sq ft

Price per sq ft

$491

Year built

1915

HOA

No

Price History

01/15/2025
CRMLS

CRMLS #SR25010010

Listed
$599,000
-4.16%
11/09/2024
CRMLS

CRMLS #SR24169341

Removed
$625,000
11/05/2024
CRMLS

CRMLS #SR24169341

Listed
$625,000

Schools & Community

Neighborhood: 

Southeast Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

National City Bank

Loan start date

April 2007

Original loan amount

$101,000

Est. remaining balance

$0

Interest rate

5.86%

Loan type

Not Provided, 15 year

Seller

Crosby Tyler

Lender

Bsm Financial Lp

Loan start date

January 2007

Original loan amount

$276,500

Est. remaining balance

Not provided

Interest rate

1.75%

Loan type

Negative Amortization, 40 year

Seller

Crosby Tyler

Lender

Indymac Bank Fsb

Loan start date

May 2003

Original loan amount

$152,000

Est. remaining balance

$71,134

Interest rate

5.91%

Loan type

Not Provided, 30 year

Seller

Crosby Tyler

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

CRMLS
$630,000
3 bd
|
2 ba
|
1,628 sq ft
|
House

1349 W 53rd St, Los Angeles, CA 90037

CRMLS
$575,000
3 bd
|
2 ba
|
1,080 sq ft
|
House

5741 Holmes Ave, Los Angeles, CA 90058

CRMLS
$524,795
3 bd
|
2 ba
|
932 sq ft
|
House

240 E 56th St, Los Angeles, CA 90011

Status: Active

Tomo last checked: 01/20/2025 at 8:45 AM

Listing updated: 01/16/2025 at 5:33 AM

Listed by: Christopher Gorvetzian, eXp Realty of California Inc Phone #: (888) 584-9427

MLS: CRMLS #SR25010010

CRMLS logo

Recently listed in Los Angeles

listing placeholder
images coming soon