708 W 40th, Los Angeles, CA 90037 - Photo 1

1/1

$705,000

Sold
Closed
Multi-Family

1/1

Property Description

Don't miss this chance to capitalize on a high-demand rental market and the benefits of building in a Qualified Opportunity Zoned at LARD1.5, offering the flexibility to grow or modernize the building further. Well-maintained property. The roof was replaced in 2024, Copper Plumbing throughout , exterior painted in 2024, and updated electrical panels in both apartments in 2023. Separate gas and electric meters. Just a 5-minute walk from the BMO soccer stadium and the Coliseum, a 7-minute walk from the highly anticipated Lucas Museum of Narrative Art, the Natural History Museum and the California Science Center, and a 10-minute walk from USC and the Expo Line Station, which goes directly to downtown L.A. and to Santa Monica. The Coliseum will also be one of the venues for the 2028 Olympics. Quick access to the 10 & 110 Freeways makes commuting a breeze. Downstairs unit: 708 W. 40th Pl features: Spacious and bright living room, 4 large sized bedrooms and 2 full bathrooms, In unit laundry. Upstairs unit: 708 ½ W. 40th Pl features: 3 large sized Bedrooms and 1full and spacious bathroom, In unit laundry area. Efficient ceiling fans in every bedroom. The building is secured with an iron fence and controlled access via remote entry, enhancing tenant appeal and retention.

Full Property Details

Full Property Details for 708 W 40th

General

Sold For: $705,000
Status: Closed
Type: Multi-Family
Source: MRMLS
MLS ID: SR26089504
Added to Site: 84 day(s) ago

Interior

Rooms/Areas: Attic, Kitchen, Living Room
Interior Features: Balcony, Copper Plumbing (Partial), Ceiling Fan(s), Storage, Granite Counters
Fireplace(s): None
Appliances: Gas Water Heater, Gas Range, Gas Oven
Flooring: Tile, Carpet, Laminate

Rooms

Other Rooms

Laundry: In Closet

Additional Information

Pool Description: None
Spa Description: None

Location

Area: C42 - Downtown L.A.
County: Los Angeles
Development Name: C42 - Downtown L.A.
Driving Directions: Exit Martin Lutter King of the Freeway 110, Turn left on Vermont.

Heating & Cooling

Cooling Type: None
Heating Type: Wall Furnace

Utilities

Sewer: Public Sewer
Water: Public
# Water Meters: 1
# Gas Meters: 2
# Electric Meters: 2

Structural Information

Architectural Style: Craftsman
Foundation: Raised
Roof: Shingle
Windows: Screens
Entry Location: 40th place
Stories/Levels: Two
Stories Description: Two
Square Feet: 2,295
Year Built: 1910

Unit Information

Unit 1

Number of Units: 1
Total Bathrooms: 2
Bedrooms: 4

Unit 2

Number of Units: 1
Total Bathrooms: 1
Bedrooms: 3

Additional Structures

Other Structures: Storage

Lot Features

Property View: Neighborhood
Lot Size (Acres): 0.124
Lot Size Source: Assessor
Lot Description: 0-1 Unit/Acre, Front Yard, Back Yard

Financial Considerations

Price Per Sq. Ft.: $307.19
Price Per Unit: 349500

Disclosures and Reports

Inclusions: Tenants

Listed by Park Regency Realty, Marina Burgos
Sold by Nonmember Mrml, General NONMEMBER

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Listing agent

— 708 W 40th —

Marina Burgos

Park Regency Realty

818-312-4291

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Schools

Schools serving 708 W 40th

School District:Los Angeles Unified School District

Name	Grades	Distance
Menlo Avenue Elementary School 4156 Menlo Avenue, Los Angeles, CA 90037	K-5	0.3 mi
Barack Obama Global Preparation Academy 1700 West 46th Street, Los Angeles, CA 90062	6-8	1.5 mi
Manual Arts Senior High School 4131 South Vermont Avenue, Los Angeles, CA 90037	9-12	0.3 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 708 W 40th

Date

Details

Price

Change

Source

6/29/2026

Sold

$705,000

0.86%

MLS

4/24/2026

Listed

$699,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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