788 East 40th Place, Los Angeles, CA 90011
788 East 40th Place, Los Angeles, CA 90011
Property Description
BACK IN THE MARKET 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!
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Los Angeles · Single Family Residence
Listed 48.2% below the median closed sale of $1,100,000. Price per sqft ($467) is a 43% discount to closed comps ($817). Closed comps sold at 106% of list — strong seller's market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1161 67 street | Los Angeles | 1922 | 3 | 2 | 944 | 4,269 | $683 | $645,000 | 61 | 86 |
| 4804 Mascot Street | Los Angeles | 1911 | 3 | 2 | 936 | 4,476 | $999 | $935,000 | 46 | 84 |
| 5139 Loleta | Los Angeles | 1922 | 3 | 2 | 921 | 4,447 | $896 | $825,000 | 109 | 81 |
| 2615 Clyde | Los Angeles | 1934 | 2 | 2 | 936 | 3,136 | $1,142 | $1.07M | 8 | 81 |
| 1455 60th Street | Los Angeles | 1922 | 2 | 1 | 936 | 3,363 | $630 | $590,000 | 103 | 79 |
| Total: 5 · Average | 2.6 | 1.8 | 934.6 | 3,938.2 | $870 | $812,777.6 | 65.4 | |||
| Median | 936 | $825,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 447 Avenue 37 | Los Angeles | 1922 | 10/09/2026 | 3 | 2 | 1,298 | 2,957 | $799,900 | $780,000 | $601 | 0.97 | 37 | 93 |
| 483 Museum Drive | Los Angeles | 1928 | 10/08/2026 | 3 | 2 | 1,085 | 7,044 | $888,000 | $1.16M | $1,065 | 1.30 | 33 | 82 |
| 8632 Fir Avenue | Los Angeles | 2015 | 10/08/2026 | 3 | 2 | 1,368 | 3,409 | $579,000 | $600,000 | $439 | 1.04 | 397 | 82 |
| 4424 Griffin Avenue | Los Angeles | 1923 | 10/07/2026 | 2 | 2 | 1,008 | 6,238 | $1.07M | $1.10M | $1,091 | 1.02 | 25 | 81 |
| 5124 Mullen Avenue | Los Angeles | 1925 | 10/06/2026 | 2 | 2 | 1,336 | 6,403 | $1.23M | $1.19M | $887 | 0.97 | 82 | 80 |
| Total: 5 · Average | 2.6 | 2.0 | 1,219 | 5,210.2 | $964,200 | $964,200 | $816.6 | — | 114.8 | ||||
| Median | 1,298 | $1.10M | $1.10M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.