NOT LISTED FOR SALE

750 E 40th Place Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $1,463,000

4 Beds
2 Baths
1,966 Sq Ft
$744/Sq Ft Est. Value

Last Sold May 19, 2015

Last sale price $340,000 $173 Per Sq Ft

Est. 330% increase in value since last sale

Current estimated payment $9,492/month

21 Days on Market

About This Home

As of May 2015

Calling All Contractors and Developers!! This captivating lot is almost 12,000 sq' and is perfect for a new multi-tenant development. LA City Online Sources (zimas system) reflects RD2 Zoning with a Low Medium II Residential General Plan Land Use for the property (info subject to verification). The existing duplex has fire damage, DO NOT ENTER PREMISES UNDER ANY CIRCUMSTANCE!. Currently is uninhabitable and will be delivered vacant. Looking for all cash buyers who have building and development experience with multi-unit construction in Los Angeles. Buyer and Buyers Agent to be responsible for verifying all past, present and future information with the local, city, county, state and federal establishments. Read PRIVATE REMARKS for contact information. SEE ATTACHED MAPS

Last Agent to Sell the Property

Fred Nabati

Trimax Realty, Inc. License #01276914 Listed on: 04/01/2015

Last Buyer's Agent

Shawn Pourebrahim

Keller Williams Luxury License #01742690

Keller Williams Luxury

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,250

Year Built

  • Built in 1903

Lot Details

  • 0.27

Interior Spaces

  • 1,966 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Additional Features

  • 0.27 Acre Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5114-008-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,250

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1966
  • Stories: 2
  • Year Built: 1903
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 193.29

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Value: 12000
  • Assessed Land Value: 300000
  • Assessor Parcel Number: 5114-008-023
  • Geocode Override: No
  • Lot Size Area: 11925

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 2
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2016
Sold by
Poura Investments Llc
Bought by
Avalon 40 Llc
Current Estimated Value
$1,463,000

Purchase Details

Closed on
Feb 4, 2016
Sold by
Pouravrahim Itzick
Bought by
Poura Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2015
Closed on
May 15, 2015
Sold by
Talmia Llc
Bought by
Poura Investments Llc
Seller's Agent
Fred Nabati
Trimax Realty, Inc.
Buyer's Agent
Shawn Pourebrahim
Keller Williams Luxury
List Price
$379,999
Sold Price
$340,000
Premium/Discount to List
-$39,999
-10.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.25%

Purchase Details

Listed on
Apr 1, 2015
Closed on
May 4, 2015
Sold by
Stoho Enterprises Llc
Bought by
Talmia Llc
Seller's Agent
Fred Nabati
Trimax Realty, Inc.
Buyer's Agent
Shawn Pourebrahim
Keller Williams Luxury
List Price
$379,999
Sold Price
$340,000
Premium/Discount to List
-$39,999
-10.53%

Purchase Details

Closed on
Apr 15, 2014
Sold by
Bankunited Na
Bought by
Stoho Enterprises Llc

Purchase Details

Closed on
Aug 14, 2013
Sold by
Hicks Martin R
Bought by
Bankunited Na

Purchase Details

Closed on
Jul 7, 2013
Sold by
Guzman Ivonne
Bought by
Galaye Ermius

Purchase Details

Closed on
Nov 1, 2012
Sold by
Silva Dale
Bought by
Guzman Ivonne

Purchase Details

Closed on
Aug 3, 2012
Sold by
Nemzar Victor and Vn Real Estate Holding Trust
Bought by
Silva Dale

Purchase Details

Closed on
May 31, 2012
Sold by
Wilson Realty Trust Co
Bought by
Nemzar Victor and Vn Real Estate Holding Trust

Purchase Details

Closed on
Dec 28, 2010
Sold by
Wilson Realty Trust Co
Bought by
Precision Property & Trust Co and Citicore Property Management Co

Purchase Details

Closed on
Jan 14, 2010
Sold by
Precision Property & Trust Co
Bought by
Wilson Realty Trust Co

Purchase Details

Closed on
Jan 12, 2010
Sold by
Hicks Martin R
Bought by
Precision Properties & Trust Co and Citlcore Property Management Co

Purchase Details

Closed on
Nov 2, 2007
Sold by
Lenoir Commedor Robert
Bought by
Hicks Martin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2005
Sold by
Lenoir Commedor Robert
Bought by
Lenoir Commedor Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
8.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 1994
Sold by
Moore Rodessa
Bought by
Lenoir Commedor Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
9.08%
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
Avalon 40 Llc -- Accommodation
Poura Investments Llc -- Title 365
Pouravrahim Itzick -- Title 365
Poura Investments Llc $340,000 Pacific Coast Title Company
Talmia Llc $200,000 Pacific Coast Title Company
Stoho Enterprises Llc $302,500 Lsi Title Company Inc
Bankunited Na $695,023 Accommodation
Galaye Ermius -- None Available
Guzman Ivonne -- None Available
Silva Dale -- None Available
Nemzar Victor -- None Available
Precision Property & Trust Co -- None Available
Wilson Realty Trust Co -- None Available
Precision Properties & Trust Co -- None Available
Hicks Martin R $575,000 Stewart Title Of Ca Inc
Lenoir Commedor Robert -- Southland Title
Lenoir Commedor Robert $128,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avalon 40 Llc $935,000
Previous Owner Pouravrahim Itzick $232,500
Previous Owner Hicks Martin R $517,500
Previous Owner Lenoir Commedor Robert $316,000
Previous Owner Lenoir Commedor Robert $175,000
Previous Owner Lenoir Commedor Robert $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2015 05/19/15 Sold $340,000 -10.5% $173 / Sq Ft
04/22/2015 04/22/15 Pending -- -- --
04/01/2015 04/01/15 For Sale $379,999 +35.8% $193 / Sq Ft
06/26/2014 06/26/14 Sold $279,900 0.0% $142 / Sq Ft
04/15/2014 04/15/14 Pending -- -- --
03/21/2014 03/21/14 For Sale $279,900 -- $142 / 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 $18,250 $1,445,758 $510,655 $935,103
2024 $18,250 $1,417,411 $500,643 $916,768
2023 $17,912 $1,389,620 $490,827 $898,793
2022 $16,768 $1,362,373 $481,203 $881,170
2021 $16,535 $1,335,661 $471,768 $863,893
2019 $16,049 $1,296,046 $457,776 $838,270
2018 $15,940 $1,270,634 $448,800 $821,834
2017 $4,527 $352,087 $279,599 $72,488
2016 $4,411 $345,184 $274,117 $71,067
2015 $3,975 $308,543 $244,795 $63,748
2014 -- $312,000 $300,000 $12,000
Source: Public Records

Agents Affiliated with this Home

  • Fred Nabati

    Seller's Agent in 2015

    Fred Nabati

    Trimax Realty, Inc.

    (424) 704-3373

    33 Total Sales

    Fred Nabati
    Section Image
  • Shawn Pourebrahim

    Buyer's Agent in 2015

    Shawn Pourebrahim

    Keller Williams Luxury

    (213) 926-1776

    3 Total Sales

    Shawn Pourebrahim
    Section Image

  • M

    Seller's Agent in 2014

    Michael Magpayo

    MICHAEL LAWRENCE MAGPAYO

  • O

    Buyer's Agent in 2014

    Outofarea Outofarea

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Map

Source: The MLS

MLS Number: 15-892371

The MLS

APN: 5114-008-023

California Los Angeles County Los Angeles 90011 Historic South Central

750 E 40th Place, Los Angeles, CA

This home is located at 750 E 40th Place, Los Angeles, CA 90011 since 01 April 2015 and is currently estimated at $1,463,000, approximately $744 per square foot. This property was built in 1903. 750 E 40th Place is a home located in Los Angeles County with nearby schools including Wadsworth Avenue Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

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 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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