1291 E 40th Place Los Angeles, CA 90011
Central Alameda NeighborhoodEstimated payment $7,044/month
Total Views
22,762
7
Beds
4
Baths
2,446
Sq Ft
$490
Price per Sq Ft
Highlights
- Very Popular Property
- Wall Furnace
- 1-Story Property
About This Home
Four unit building. Three units and an approved ADU. All Occupied. Front house and most units have been recently upgraded. Great rent rates and fully occupied.
Listing Agent
REMAX Professionals Brokerage Phone: 562-824-8444 License #01353125 Listed on: 08/05/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1906
Lot Details
- 5,191 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,446 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Utilities
- Wall Furnace
- Sewer Paid
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 4577
- Assessor Parcel Number 5114032016
- $385 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $4,250
- Insurance Expense $3,575
- Trash Expense $2,750
- Operating Expense $10,540
- Gross Income $121,440
- Net Operating Income $107,257
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $8,172 | $668,941 | $497,918 | $171,023 |
| 2025 | $8,172 | $655,825 | $488,155 | $167,670 |
| 2024 | $8,110 | $642,967 | $478,584 | $164,383 |
| 2023 | $7,957 | $630,360 | $469,200 | $161,160 |
| 2022 | $5,514 | $439,601 | $321,660 | $117,941 |
| 2021 | $5,442 | $430,982 | $315,353 | $115,629 |
| 2020 | $5,493 | $426,564 | $312,120 | $114,444 |
| 2019 | $5,285 | $418,200 | $306,000 | $112,200 |
| 2018 | $665 | $39,372 | $17,854 | $21,518 |
| 2016 | $616 | $37,845 | $17,161 | $20,684 |
| 2015 | $609 | $37,278 | $16,904 | $20,374 |
| 2014 | $631 | $36,548 | $16,573 | $19,975 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/10/2026 09/10/26 | Price Changed | $1,199,000 | -4.0% | $490 / Sq Ft | |
| 08/05/2026 08/05/26 | For Sale | $1,249,000 | +204.6% | $511 / Sq Ft | |
| 06/18/2018 06/18/18 | Sold | $410,000 | +6.5% | $235 / Sq Ft | View Prior Sale |
| 07/06/2017 07/06/17 | For Sale | $385,000 | 0.0% | $221 / Sq Ft | |
| 05/17/2017 05/17/17 | Pending | -- | -- | -- | |
| 03/01/2017 03/01/17 | For Sale | $385,000 | -- | $221 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | Accommodation/Courtesy Recordi | |
| Gift Deed | -- | Progressive Title | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Lawyers Title Company | |
| Grant Deed | -- | Lawyers Title | |
| Grant Deed | $410,000 | Pacific Coast Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $432,000 | New Conventional | |
| Previous Owner | $374,500 | New Conventional | |
| Previous Owner | $328,000 | Commercial |
Source: Public Records
About the Listing Agent
I bring a deep understanding of the Lakewood, Long Beach, and surrounding communities, helping my clients navigate the market with confidence. From pricing strategies to competitive positioning, I specialize in making sure you’re set up for success in every stage of the process.
Clear and consistent communication is a cornerstone of how I do business. My clients are never left guessing—you’ll always know where things stand, what’s coming next, and what to expect as we move forward
Dave's Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS26171156
APN: 5114-032-016
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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