NOT LISTED FOR SALE

456 E 40th Place Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $888,819 - $1,073,000

4 Beds
4 Baths
2,048 Sq Ft
$483/Sq Ft Est. Value

Sale Details

Date Sold: May 23, 2018

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

Est. 50% increase in value since last sale

Current estimated payment $6,098 / mo

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

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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2018
Closed on
Apr 4, 2018
Sold by
Bought by
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
$988,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,205
Avg. Annual Appreciation
5.10%
Original Mortgage
$462,000
Interest Rate
4.4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 12, 2018
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Aug 16, 2012
Sold by
Bought by

Purchase Details

Closed on
Sep 23, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 10, 2005
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Aug 8, 2001
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Sep 13, 1999
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Oct 31, 1997
Sold by
Bought by

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
Bought by

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
Collateral Analytics

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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

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 Buyer Sale Price Title Company
$660,000 Orange Coast Title
-- Orange Coast Title
-- Lawyers Title
-- Lawyers Title
-- None Available
-- Orange Coast Title
$251,000 Premium Title Of California
$195,000 None Available
-- Ticor Title Co
$250,000 Fidelity National Title Ins
-- --
$130,000 Fidelity National Title Co
$158,950 --
$275,000 California Counties Title Co
$158,000 First American Title Co
$150,633 Fidelity National Title Ins
$120,000 American Title Ins Co
$60,000 --
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 Borrower Loan Amount
Previous Owner $462,000
Previous Owner $715,000
Previous Owner $320,000
Previous Owner $200,000
Previous Owner $125,000
Previous Owner $220,000
Previous Owner $140,000
Previous Owner $48,000
Closed $6,000
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
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

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
2025 $9,496 $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

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The MLS © 2026 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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