NOT LISTED FOR SALE

456 E 40th Place Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $883,870 - $1,096,000

4 Beds
4 Baths
2,048 Sq Ft
$497/Sq Ft Est. Value

Last Sold May 23, 2018

Last sale price $660,000 $322 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $6,131/month

33 Days on Market

About This Home

As of May 2018

Well maintained fourplex in South Los Angeles. Four separate buildings are each 1bed/1bath. Large lot with development potential. 10 car parking lot. Good tenants. One Section 8 Tenant three non section 8 tenants. Separately metered and low maintenance. All units are rent controlled.

Last Agent to Sell the Property

Troy Kiem

New Investment Realty License #01973615 Listed on: 02/27/2018

Co-Listed By

Edith Alizadeh

New Investment Realty License #01332940

Last Buyer's Agent

RONALD SCHWOLSKY

DM REAL ESTATE SERVICES License #01254537

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 7,881

Home Design

  • Quadruplex

Interior Spaces

  • 2,048 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 10 Parking Spaces
  • Uncovered Parking

Additional Features

  • 7,881 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5113-003-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

7,881 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2048
  • Stories: 1
  • Year Built: 1929
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 329.59

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 10

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 77638
  • Assessed Land Value: 239541
  • Assessor Parcel Number: 5113-003-018
  • Geocode Override: No
  • Lot Size Area: 7881

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Fourplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2018
Closed on
Apr 4, 2018
Sold by
Kk Ventures Llc
Bought by
Castillo Luis Eduardo and Castillo Alba Rosa
Seller's Agent
Troy Kiem
New Investment Realty
Buyer's Agent
RONALD SCHWOLSKY
DM REAL ESTATE SERVICES
List Price
$675,000
Sold Price
$660,000
Premium/Discount to List
-$15,000
-2.22%
Current Estimated Value
$1,017,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,218
Avg. Annual Appreciation
5.68%
Original Mortgage
$462,000
Interest Rate
4.4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 12, 2018
Sold by
Kiem Llc
Bought by
Kk Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,000
Interest Rate
4.4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 7, 2015
Sold by
Lee Jimmy Byungchul
Bought by
Kiem Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2015
Sold by
Kiem Troy and Kiem Ann
Bought by
Kiem Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2013
Sold by
Kiem Troy and Kiem Ann
Bought by
Kiem Troy and Kiem Ann

Purchase Details

Closed on
Aug 16, 2012
Sold by
Kiem Troy
Bought by
Kiem Troy and Kiem Ann

Purchase Details

Closed on
Sep 23, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Kiem Troy

Purchase Details

Closed on
Jan 5, 2011
Sold by
Carrillo Pastor
Bought by
Deutsche Bank National Trust Company and Ocwen Loan Servicing Llc

Purchase Details

Closed on
Feb 10, 2005
Sold by
Carrillo Pastor and Carrillo Arcenia
Bought by
Carrillo Pastor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
8.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2003
Sold by
International Executive Enterprise
Bought by
Carrillo Pastor and Carrillo Arcenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2002
Sold by
Aklian Ilan
Bought by
International Executive Enterprise

Purchase Details

Closed on
Aug 8, 2001
Sold by
The Chase Bank
Bought by
Aklian Ilan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.91%

Purchase Details

Closed on
Jan 29, 2001
Sold by
Rogers William
Bought by
The Chase Manhattan Bank

Purchase Details

Closed on
Sep 13, 1999
Sold by
Brown Jeannette
Bought by
Rogers William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.82%

Purchase Details

Closed on
Aug 5, 1999
Sold by
Dma Corp
Bought by
Brown Jeannette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.82%

Purchase Details

Closed on
Feb 18, 1999
Sold by
Sanchez Palemon
Bought by
Dma Corp

Purchase Details

Closed on
Oct 31, 1997
Sold by
Campbell Marvin A
Bought by
Sanchez Palemon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.23%

Purchase Details

Closed on
Sep 20, 1995
Sold by
Campbell Willie
Bought by
Campbell Marvin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.97%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Castillo Luis Eduardo $660,000 Orange Coast Title
Kk Ventures Llc -- Orange Coast Title
Kiem Llc -- Lawyers Title
Kiem Llc -- Lawyers Title
Kiem Troy -- None Available
Kiem Troy -- Orange Coast Title
Kiem Troy $251,000 Premium Title Of California
Deutsche Bank National Trust Company $195,000 None Available
Carrillo Pastor -- Ticor Title Co
Carrillo Pastor $250,000 Fidelity National Title Ins
International Executive Enterprise -- --
Aklian Ilan $130,000 Fidelity National Title Co
The Chase Manhattan Bank $158,950 --
Rogers William $275,000 California Counties Title Co
Brown Jeannette $158,000 First American Title Co
Dma Corp $150,633 Fidelity National Title Ins
Sanchez Palemon $120,000 American Title Ins Co
Campbell Marvin A $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castillo Luis Eduardo $462,000
Previous Owner Kiem Llc $715,000
Previous Owner Carrillo Pastor $320,000
Previous Owner Carrillo Pastor $200,000
Previous Owner Aklian Ilan $125,000
Previous Owner Rogers William $220,000
Previous Owner Sanchez Palemon $140,000
Previous Owner Campbell Marvin A $48,000
Closed Campbell Marvin A $6,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2018 05/23/18 Sold $660,000 -2.2% $322 / Sq Ft
04/01/2018 04/01/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $675,000 -- $330 / Sq Ft
Source: The MLS

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 $9,358 $750,962 $512,020 $238,942
2024 $9,358 $736,238 $501,981 $234,257
2023 $9,183 $721,803 $492,139 $229,664
2022 $8,767 $707,651 $482,490 $225,161
2021 $8,657 $693,777 $473,030 $220,747
2020 $8,741 $686,664 $468,180 $218,484
2019 $8,405 $673,200 $459,000 $214,200
2018 $4,236 $323,521 $244,331 $79,190
2016 $4,038 $310,961 $234,845 $76,116
2015 $3,665 $279,627 $207,339 $72,288
2014 $3,704 $274,150 $203,278 $70,872
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Troy Kiem

    New Investment Realty

    Section Image

  • E

    Seller Co-Listing Agent in 2018

    Edith Alizadeh

    New Investment Realty

    Section Image
  • RONALD SCHWOLSKY

    Buyer's Agent in 2018

    RONALD SCHWOLSKY

    DM REAL ESTATE SERVICES

    (818) 640-3400

    RONALD SCHWOLSKY
    Section Image
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Map

Source: The MLS

MLS Number: 18-318072

The MLS

APN: 5113-003-018

California Los Angeles County Los Angeles 90011 Historic South Central

456 E 40th Place, Los Angeles, CA

Not Listed for Sale

MultiFamily

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