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$699,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • Updated 10 days ago
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708 W 40th, Los Angeles, CAVideo Tour of 708 W 40th, Los Angeles, CA.
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. 20 minutes from LAX. 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. 7 car spaces available in the rear. The building is secured with an iron fence and controlled access via remote entry, enhancing tenant appeal and retention.

Full Property Details for 708 W 40th

General

  • Price: $699,000
  • Status: Pending
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SR26089504
  • Updated: 5/19/2026
  • Days on Market: 36 days
  • Added to Site: 36 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 (Sq. Ft.): 5,400
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre, Front Yard, Back Yard

Financial Considerations

  • Price Per Sq. Ft.: $304.58
  • Price Per Unit: 349500

Disclosures and Reports

  • Inclusions: Tenants

Listed by Park Regency Realty, Marina Burgos

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Listing agent

— 708 W 40th —

  • Marina Burgos

    Park Regency Realty

818-312-4291

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 708 W 40th

School District:Los Angeles Unified School District
NameGradesDistance
Menlo Avenue Elementary School
4156 Menlo Avenue, Los Angeles, CA 90037
K-50.3 mi
Barack Obama Global Preparation Academy
1700 West 46th Street, Los Angeles, CA 90062
6-81.5 mi
Manual Arts Senior High School
4131 South Vermont Avenue, Los Angeles, CA 90037
9-120.3 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/24/2026
Listed
$699,000
26.63%
MLS
6/22/2017
Sold
$552,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 708 W 40th

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,850
3%
$628,076
4%
2023
$7,622
5%
$603,689
2%
2022
$7,278
1%
$591,853
2%
2021
$7,179
-1%
$580,249
1%
2020
$7,249
4%
$574,300
2%
2019
$6,969
2%
$563,040
2%
2018
$6,862
40%
$552,000
42%
2017
$4,884
3%
$387,600
2%
2016
$4,755
-12%
$380,000
-12%
2015
$5,393
-1%
$433,491
2%
2014
$5,423
107%
$425,000
118%
2013
$2,625
—
$195,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Park Regency Realty, Marina Burgos

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708 W 40th, Los Angeles, CA 90037 (MLS# SR26089504) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 708 W 40th is currently listed for $699,000 and was received on April 24, 2026. Want to learn more about 708 W 40th? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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