1220 E 40th Place Los Angeles, CA 90011

Investor / Developer Opportunity – Los Angeles (RD1.5-1 Zoning)*
Property features a front single-family residence and a detached two-story rear structure (1520 Sqft) in severely deteriorated condition. The rear building will likely require removal or major rehabilitation. Property is being sold **strictly as-is**. Seller will make no repairs and provide no credits. Zoned *RD1.5-1 (Restricted Density Multiple Dwelling – Height District 1) — this is not just single-family zoning. The zoning allows low-density multi-unit residential development potential (buyer to verify with the City of Los Angeles). Ideal for redevelopment, value-add, ADU configuration, or multi-unit investment strategy. Buyer to verify all permits and Zoning information. The interior offers a flexible floor plan with multiple enclosed rooms, creating a layout you can do a lot with depending on your needs. While tax records show 2 bedrooms, the property currently features several additional rooms with windows and exterior access (buyer to verify legality, permits, and use). The kitchen and bathroom have both been remodeled, providing immediate functionality while future plans are explored.
Located directly across the street from the Historic Ralph Bunche residence — a location many investors have watched for years — offering strong long-term upside potential. Cash, hard-money, or renovation financing strongly recommended. *Safety Notice & Entry Warning:*
The detached rear structure is in unsafe condition and may present serious hazards. *No person is permitted to enter the rear building prior to an accepted offer.** Access, if granted during escrow, will be coordinated through the listing agent and shall be at buyer and buyer’s representatives’ own risk and subject to a signed hold-harmless waiver. Seller and brokers make no representations regarding structural integrity or safety. Cameras are installed. Do not disturb occupants. Showings by appointment only.