540 W 118th St, Los Angeles, CA 90044 - View 1
540 W 118th St, Los Angeles, CA 90044 - View 2
540 W 118th St, Los Angeles, CA 90044 - View 3
540 W 118th St, Los Angeles, CA 90044 - View 4
540 W 118th St, Los Angeles, CA 90044 - View 5

540 W 118th St, Los Angeles, CA 90044

List Price: $1,400,000On Market FlagOn market
Jun 29, 20251,340 sqft3 beds2 baths
Listed by: Keniece Perscell
License #: 02085563
Phone #: 877-366-2213
LPT Realty, Inc
Source:
CRMLS Logo
MLS #: IG25145826

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.
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$7,518

TurboHome Estimated Value

$950,600

$709 sqft

High Valuation
$998,130
$745/sqft
Normal Valuation
$950,600
$709/sqft
Low Valuation
$903,070
$674/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$709/sqft$950,600

Neighborhood: South Los Angeles

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Comparative Value

$625K

$750K

$1.40M

758 W 120th St, Los Angeles, CA 90044

Sale Price: $625,000

Selected Comparable

443 W 118th Pl, Los Angeles, CA 90061

Sale Price: $653,000

Selected Comparable

750 W 118th St, Los Angeles, CA 90044

Sale Price: $665,000

Selected Comparable

654 W 112th St, Los Angeles, CA 90044

Sale Price: $750,000

Selected Comparable

11911 S Hoover St, Los Angeles, CA 90044

Sale Price: $775,000

Selected Comparable

540 W 118th St, Los Angeles, CA 90044

List Price: $1,400,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
540 W 118th St, Los Angeles, CA 90044

540 W 118th St, Los Angeles, CA 90044

List: $1,400,000

Listed: 6/29/2025

Area:1,340 sqft
Price/sqft:$1,045
Beds:3
Baths:2
Year Built:
Lot Size:9,323

Comparable Properties

COMPARABLE
Choose comps
758 W 120th St, Los Angeles, CA 90044

758 W 120th St, Los Angeles, CA 90044

Sale: $625,000

6/5/20250.33 mi

Area:1,438 sqft
Price/sqft:$435
Beds:3
Baths:2
Year Built:
Weight:20.8%
654 W 112th St, Los Angeles, CA 90044

654 W 112th St, Los Angeles, CA 90044

Sale: $750,000

6/12/20250.49 mi

Area:1,241 sqft
Price/sqft:$604
Beds:3
Baths:2
Year Built:
Weight:20.5%
443 W 118th Pl, Los Angeles, CA 90061

443 W 118th Pl, Los Angeles, CA 90061

Sale: $653,000

7/3/20250.12 mi

Area:1,036 sqft
Price/sqft:$630
Beds:3
Baths:2
Year Built:
Weight:19.8%
750 W 118th St, Los Angeles, CA 90044

750 W 118th St, Los Angeles, CA 90044

Sale: $665,000

1/17/20250.27 mi

Area:1,456 sqft
Price/sqft:$457
Beds:3
Baths:2
Year Built:
Weight:19.6%
11911 S Hoover St, Los Angeles, CA 90044

11911 S Hoover St, Los Angeles, CA 90044

Sale: $775,000

3/14/20250.20 mi

Area:1,560 sqft
Price/sqft:$497
Beds:3
Baths:2
Year Built:
Weight:19.3%

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