NOT LISTED FOR SALE

1040 S Longwood Ave Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated Value: $2,445,000 - $2,955,000

10 Beds
9 Baths
7,962 Sq Ft
$341/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $2,625,000 $330 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $17,177/month

31 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • 3 Car Attached Garage
  • Sun or Florida Room
  • Breakfast Room
  • Walk-In Closet

About This Home

As of September 2023

4-unit income property in Longwood Highlands on a beautiful tree-lined Longwood Avenue. This unique property sits on an oversized southwest corner lot of Longwood Avenue and Edgewood Place and consists of two separate buildings. The first building has one three-bedroom and three-bathroom unit upstairs and one three-bedroom and two-bathroom unit downstairs. These units have a gorgeous, high ceiling spacious living room with a fireplace and a big arched window overlooking the quiet street. The sunroom off the living room is an excellent option for a home office. The lovely dining room opens to the living room, and the charming breakfast nook has built-ins. The main suite has two walk-in closets, and the oversized second bedroom on the corner of the property allows plenty of natural light through the big windows. Remodeled bathrooms in the upstairs unit feature a walk-in tub, a spa tub, and a separate shower. The downstairs unit has original features, hardwood, and carpet. The second building on Edgewood has two two-bedroom and two-bathroom units. Both units have been upgraded. The large high-ceiling living room with decorative fireplace and floor-to-ceiling window welcomes you, and the home office in the sunroom is an excellent bonus. Formal dining room with large windows, the lovely breakfast nook overlooks the courtyard and two bedrooms with a jack and jill bathroom with shower. The lush gated courtyard provides a tranquil sitting area and is perfect for entertaining guests. All four units have access to the yard through the back doors. Two garages are attached to the property and conveniently located within a short distance from the shops and restaurants on La Brea Ave and just a quick drive from the Larchmont Village farmer's market and dining and entertainment in Koreatown.

Last Agent to Sell the Property

Eva Jacobs

Vista Sotheby's International Realty License #01904512 Listed on: 07/13/2023

Vista Sotheby's International Realty

Last Buyer's Agent

Laugharn Pierose

The Beverly Hills Estates License #02104106

The Beverly Hills Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,464

Year Built

  • Built in 1926

Lot Details

  • 8,916 Sq Ft Lot
  • Corner Lot

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 7,962 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Sun or Florida Room
  • Basement

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Walk-In Closet
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating System

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5083-005-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,464

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7962
  • Lot Acreage: 0.2047
  • Probate: No
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 48
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Tile, Wood
  • Bedrooms: 10
  • Dining Room: 1
  • Family Room: 0
  • Laundry: In Unit, Room
  • Total Bathrooms: 9.00
  • Den: 0
  • Equipment: Dryer, Washer, Dishwasher, Refrigerator, Microwave, Range/Oven, Freezer
  • Price Per S Q F T: 363.60

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Garage Is Attached
  • Total Parking: 3

Utilities

  • Heating: Forced Air, Fireplace

Fee Information

  • Insurance Expense: 9700.00

Lot Info

  • Assessed Improvement Percent: 68.35
  • Assessed Improvement Value: 129536
  • Assessed Land Percent: 31.65
  • Assessed Land Value: 59991
  • Total Assessed Value: 189527
  • Assessor Parcel Number: 5083-005-017
  • Lot Location: Corner Lot
  • Lot Size Area: 8916

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 51170
  • Type Of Units: 3+3(2), 2+2
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 34770.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2023
Closed on
Sep 14, 2023
Sold by
Cerna Luis
Bought by
1040 Longwood Llc
Seller's Agent
Eva Jacobs
Vista Sotheby's International Realty
Buyer's Agent
Laugharn Pierose
The Beverly Hills Estates
List Price
$2,895,000
Sold Price
$2,625,000
Premium/Discount to List
-$270,000
-9.33%
Views
66
Current Estimated Value
$2,716,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,299
Avg. Annual Appreciation
1.72%
Original Mortgage
$1,706,250
Outstanding Balance
$1,669,654
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$1,046,645

Purchase Details

Listed on
Jul 13, 2023
Closed on
Aug 25, 2023
Sold by
Melinda M Hurst Living Trust and Mann Lian Hurst
Bought by
Cerna Luis
Seller's Agent
Eva Jacobs
Vista Sotheby's International Realty
Buyer's Agent
Laugharn Pierose
The Beverly Hills Estates
List Price
$2,895,000
Sold Price
$2,625,000
Premium/Discount to List
-$270,000
-9.33%
Views
66

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,706,250
Outstanding Balance
$1,669,654
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$1,046,645

Purchase Details

Closed on
Mar 24, 2022
Sold by
Melinda M Hurst Living Trust
Bought by
Melinda M Hurst Living Trust and Hurst

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$898,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2021
Sold by
Hurst Melinda M
Bought by
Hurst Melinda M and The Melinda M Hurst Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2017
Sold by
Hurst Melinda
Bought by
Hurst Melinda M and The Melinda M Hurst Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,650
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2015
Sold by
Hurst Melinda M
Bought by
Hurst Melinda M and Melinda M Hurst Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2004
Sold by
Hurst Melinda M
Bought by
Hurst Melinda M and Melinda M Hurst Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 16, 2002
Sold by
Hurst Melinda M and Melinda M Hurst Living Trust
Bought by
Hurst Melinda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.5%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1040 Longwood Llc -- None Listed On Document
Cerna Luis $2,625,000 Lawyers Title
Melinda M Hurst Living Trust -- Share Susan
Hurst Melinda M -- First American Title Ins Co
Hurst Melinda M -- First American Title Ins Co
Hurst Melinda M -- First American Title Company
Hurst Melinda -- First American Title Company
Hurst Melinda M -- First American Title Company
Hurst Melinda M -- --
Hurst Melinda M -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cerna Luis $1,706,250
Previous Owner Hurst Melinda $898,000
Previous Owner Hurst Melinda $784,500
Previous Owner Hurst Melinda $815,650
Previous Owner Hurst Melinda M $560,000
Previous Owner Hurst Melinda M $250,000
Previous Owner Hurst Melinda M $175,000
Previous Owner Hurst Melinda M $175,000
Previous Owner Hurst Melinda M $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $2,625,000 -9.3% $330 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $2,895,000 -- $364 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $32,464 $2,677,500 $1,606,500 $1,071,000
2024 $32,464 $2,625,000 $1,575,000 $1,050,000
2023 $3,211 $193,316 $61,190 $132,126
2022 $3,096 $189,527 $59,991 $129,536
2021 $3,006 $185,812 $58,815 $126,997
2020 $3,019 $183,907 $58,212 $125,695
2019 $2,932 $180,302 $57,071 $123,231
2018 $2,795 $176,767 $55,952 $120,815
2016 $2,587 $169,905 $53,780 $116,125
2015 $2,557 $167,354 $52,973 $114,381
2014 $2,593 $164,077 $51,936 $112,141
Source: Public Records

Agents Affiliated with this Home

  • Eva Jacobs

    Seller's Agent in 2023

    Eva Jacobs

    Vista Sotheby's International Realty

    (310) 736-8484

    1 in this area

    3 Total Sales

    Eva Jacobs
    Section Image

  • L

    Buyer's Agent in 2023

    Laugharn Pierose

    The Beverly Hills Estates

    (310) 626-4248

    1 in this area

    34 Total Sales

    Laugharn Pierose
    Section Image
  • Shauna Walters

    Buyer Co-Listing Agent in 2023

    Shauna Walters

    The Beverly Hills Estates

    (310) 775-1106

    1 in this area

    59 Total Sales

    Shauna Walters
    Section Image
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Map

Source: The MLS

MLS Number: 23-282589

The MLS

APN: 5083-005-017

California Los Angeles County Los Angeles 90019 Miracle Mile

1040 S Longwood Ave, Los Angeles, CA

This home is located at 1040 S Longwood Ave, Los Angeles, CA 90019 since 13 July 2023 and is currently estimated at $2,716,299, approximately $341 per square foot. This property was built in 1926. 1040 S Longwood Ave is a home located in Los Angeles County with nearby schools including Wilshire Crest Elementary School, John Burroughs Middle School, and Los Angeles Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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