NOT LISTED FOR SALE

655 E 40th Place Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $508,000 - $598,643

2 Beds
1 Bath
768 Sq Ft
$706/Sq Ft Est. Value

Last Sold November 05, 2019

Last sale price $335,000 $436 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,212/month

7 Days on Market

Highlights

  • City Lights View
  • Bungalow
  • 1-Story Property
  • No HOA

About This Home

As of November 2019

Located on the south end of downtown Los Angeles this beautiful craftsman style home is conveniently located to the new Banc of California stadium, the Colosseum, USC, Exposition Park, LAX, Fashion District, Staple Center, literally in the heart of LA

Last Agent to Sell the Property

Marc McNeill

Capital Market Realty License #01950838 Listed on: 05/29/2019

Last Buyer's Agent

Marc McNeill

Capital Market Realty License #01950838 Listed on: 05/29/2019

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1922

Lot Details

  • 4,451 Sq Ft Lot
  • Property is zoned LARD2

Parking

  • Driveway

Home Design

  • Bungalow

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • City Lights Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5114-006-008

Home Details

Home Type

Single Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 768
  • Stories: 1
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Total Bathrooms: 1.00
  • Price Per S Q F T: 436.20

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5114-006-008
  • Geocode Override: No
  • Lot Size Area: 4451

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2023
Sold by
Chiu Robert
Bought by
Chiu Family Living Trust and Castillo
Current Estimated Value
$542,161

Purchase Details

Listed on
May 29, 2019
Closed on
Oct 30, 2019
Sold by
Chiu Yanira Lisbeth Castillo De
Bought by
Mujo Roberto Chiu
Seller's Agent
Marc McNeill
Capital Market Realty
Buyer's Agent
Marc McNeill
Capital Market Realty
List Price
$335,000
Sold Price
$335,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.09%
Original Mortgage
$318,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 29, 2019
Closed on
Oct 29, 2019
Sold by
Mitchell Vida
Bought by
Mujo Roberto Chiu
Seller's Agent
Marc McNeill
Capital Market Realty
Buyer's Agent
Marc McNeill
Capital Market Realty
List Price
$335,000
Sold Price
$335,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2008
Sold by
Us Bank Na
Bought by
Mitchell Louis

Purchase Details

Closed on
Aug 8, 2007
Sold by
Wolcott Roberto Arturo
Bought by
Us Bank Na and Citigroup Mortgage Loan Trust Asset Back

Purchase Details

Closed on
May 2, 2006
Sold by
Vargas Maria G
Bought by
Wolcott Roberto Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
7.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 17, 2005
Sold by
Marroquin Reyna
Bought by
Vargas Maria G

Purchase Details

Closed on
Apr 11, 2005
Sold by
Marroquin Joshua
Bought by
Marroquin Reyna

Purchase Details

Closed on
Nov 18, 2004
Sold by
Vargas Maria G
Bought by
Marroquin Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2004
Sold by
Flores Luis Alexander
Bought by
Vergas Maria G

Purchase Details

Closed on
Feb 7, 2003
Sold by
Cornejo Franciso and Cornejo Mariano
Bought by
Flores Luis Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,350
Interest Rate
5.82%
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
Chiu Family Living Trust -- None Listed On Document
Mujo Roberto Chiu -- Fidelity National Title Co
Mujo Roberto Chiu $335,000 Fidelity National Title Co
Mitchell Louis $136,500 Ticor Title Company Of Ca
Us Bank Na $325,676 Town & Country Title Service
Wolcott Roberto Arturo $380,000 United Title
Vargas Maria G -- --
Marroquin Reyna -- --
Marroquin Joshua $237,500 United Title Co
Vergas Maria G -- --
Flores Luis Alexander $154,000 Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mujo Roberto Chiu $318,250
Previous Owner Wolcott Roberto Arturo $304,000
Previous Owner Marroquin Joshua $237,500
Previous Owner Flores Luis Alexander $149,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2019 11/05/19 Sold $335,000 0.0% $436 / Sq Ft
06/05/2019 06/05/19 Pending -- -- --
05/29/2019 05/29/19 For Sale $335,000 -- $436 / 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 $4,525 $366,365 $293,094 $73,271
2024 $4,525 $359,183 $287,348 $71,835
2023 $4,439 $352,141 $281,714 $70,427
2022 $4,234 $345,238 $276,191 $69,047
2021 $4,182 $338,470 $270,776 $67,694
2019 $1,911 $145,549 $117,798 $27,751
2018 $1,848 $142,696 $115,489 $27,207
2016 $1,761 $137,156 $111,005 $26,151
2015 $1,737 $135,097 $109,338 $25,759
2014 $1,751 $132,452 $107,197 $25,255
Source: Public Records

Agents Affiliated with this Home

  • Marc McNeill

    Seller's Agent in 2019

    Marc McNeill

    Capital Market Realty

    (760) 518-2638

    10 Total Sales

    Marc McNeill
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Map

Source: The MLS

MLS Number: 19-471960

The MLS

APN: 5114-006-008

California Los Angeles County Los Angeles 90011 Historic South Central

655 E 40th Place, Los Angeles, CA

Not Listed for Sale

Detached

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