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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,400,000

Est. payment - /mo

3 Beds

2 Baths

1,340 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,340 sqft

Price per Sqft $1,044

MLS Listing ID IG25145826

Bedrooms 3

Full Baths 2

Construction Status Under Construction

HOA Y/N No

Year Built 1954

Lot Size 9,321 Sqft

Property Sub-Type Single Family Residence

Property Description

Endless Potential in the Heart of Los Angeles! LIVE IN THE FRONT AND RENT OUT THE BACK!!

Welcome to 540 W. 118th St., a rare opportunity to own not just one, but two homes on a single lot—with exciting future potential. The front home offers a comfortable 3-bedroom, 2-bath layout—perfect for an owner-user or income-generating rental.
In the rear, a brand-new 3-bedroom, 2.5-bath ADU is currently under construction with an expected completion date of September 2025 and its own address at 538 W. 118th St., Los Angeles, CA 90044. The ADU will offer 1,193 sq ft of thoughtfully designed living space and modern amenities, including: Open floor plan with recessed lighting, Central air & heat, Tankless water heater, Stackable washer/dryer hookups, Mirrored closet doors, Laminate flooring throughout, granite counter tops and shaker cabinets (with the potential for the buyer to select the flooring, counter tops and cabinets—if timing permits!), Ample rear parking with electric-secured fencing, and Paid-off solar for energy efficiency.
What's more—there's plans to build an additional 500 sq ft, 1-bedroom casita, making this a fantastic multi-unit investment or a solution for multi-generational living.
Whether you're looking to build your portfolio or your future, this one checks all the boxes. Don't miss your chance to invest in the growing Figueroa Heights community.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAR1

Rooms

Main Level Bedrooms 6

Interior

Interior Features All Bedrooms Down

Heating Central

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Sidewalks

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Under Construction

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 6088025006

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Keniece Perscell LPT Realty, Inc 951-588-9927

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540 W 118th ST Los Angeles, CA 90044