NOT LISTED FOR SALE

759 E 40th Place Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $655,000 - $698,000

4 Beds
2 Baths
1,544 Sq Ft
$438/Sq Ft Est. Value

Last Sold March 27, 2019

Last sale price $440,000 $285 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,187/month

7 Days on Market

Highlights

  • City View
  • Granite Countertops
  • Den
  • Spanish Architecture
  • No HOA
  • Living Room

About This Home

As of March 2019

Completely remodeled 4 bed 2 bath. New wooden laminate floor, tile bathrooms and kitchen. Granite counter top., fresh interior paint, new copper pipes and new drainage PVC pipes.Close to USC, DTLA and fashion district. Vacant. Great rental property (monthly rent value $3,300) or perfect for large family.

Last Agent to Sell the Property

Chris Lee

Landpac Properties License #01798222 Listed on: 02/14/2019

Last Buyer's Agent

Durga Baumann

Excellence RE Real Estate License #01862125

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,048

Year Built

  • Built in 1928

Lot Details

  • 3,581 Sq Ft Lot
  • Property is zoned LARD2

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,544 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Laminate Flooring
  • City Views

Kitchen

  • Oven or Range
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • City Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5114-005-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,048

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 1544
  • Probate: No
  • Stories: 1
  • Year Built: 1928
  • Number Of Photos: 42
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas
  • Flooring: Laminate
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Kitchen Features: Granite Counters
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Ceiling Fan, Dryer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 290.80

Exterior Features

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

Garage/Parking

  • Parking Garage: Driveway - Concrete
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall Gas

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5114-005-004
  • Geocode Override: No
  • Lot Location: City
  • Lot Size Area: 3581

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2019
Closed on
Mar 20, 2019
Sold by
Ho Kim Aidan Sungho and Ho Shin Sung
Bought by
Martinez Zapata Jose and Martinez Margarita Galindo
Seller's Agent
Chris Lee
Landpac Properties
Buyer's Agent
Durga Baumann
Excellence RE Real Estate
List Price
$449,000
Sold Price
$440,000
Premium/Discount to List
-$9,000
-2%
Total Days on Market
7
Current Estimated Value
$675,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,842
Avg. Annual Appreciation
6.90%
Original Mortgage
$190,000
Outstanding Balance
$167,384
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$508,458

Purchase Details

Listed on
Aug 24, 2015
Closed on
Sep 16, 2015
Sold by
U S Bank Na
Bought by
Shin Sung Ho
Seller's Agent
Guity Parsi
Parsi Group Realtors, Inc.
Buyer's Agent
Ryan Lee
Edgestone Real Estate, Inc.
List Price
$270,000
Sold Price
$280,500
Premium/Discount to List
$10,500
3.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.77%

Purchase Details

Closed on
Dec 11, 2014
Sold by
Francisco Sebastian
Bought by
U S Bank Na

Purchase Details

Closed on
Aug 25, 2005
Sold by
Ramirez Francisco J
Bought by
Francisco Sebastian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,400
Interest Rate
5.63%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 13, 2000
Sold by
Dhp Investment Inc
Bought by
Ramirez Francisco J and Ramirez Elva L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,917
Interest Rate
7.65%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 23, 2000
Sold by
State Street Bank & Trust Company
Bought by
Dhp Investments Inc

Purchase Details

Closed on
Dec 10, 1999
Sold by
Alvarez Elizabeth
Bought by
State Street Bank & Trust Company

Purchase Details

Closed on
Jul 29, 1998
Sold by
Davis Ron
Bought by
Alvarez Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.92%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 13, 1998
Sold by
Johnson Tyrone V
Bought by
Davis Ron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
7.14%

Purchase Details

Closed on
Jan 12, 1998
Sold by
Johnson Janet L
Bought by
Johnson Tyrone

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
7.14%

Purchase Details

Closed on
Dec 22, 1997
Sold by
Bennett Charlene James
Bought by
Bennett Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
7.14%

Purchase Details

Closed on
Dec 18, 1997
Sold by
Trust Schwartz, John N Co Tr Schwartz Fam
Bought by
Bennett Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
7.14%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Martinez Zapata Jose $440,000 Chicago Title Company
Shin Sung Ho $280,500 Servicelink Title Company
U S Bank Na $204,937 National Title Ins Of Ny Inc
Francisco Sebastian $372,000 Fidelity Van Nuys
Ramirez Francisco J $139,000 Fidelity National Title
Dhp Investments Inc $82,000 Fidelity Title
State Street Bank & Trust Company $114,302 Benefit Land Title Ins Co
Alvarez Elizabeth $130,000 Universal Title Company
Davis Ron $95,000 --
Johnson Tyrone $70,000 --
Johnson Tyrone -- --
Bennett Kevin -- --
Bennett Kevin $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Zapata Jose $190,000
Previous Owner Francisco Sebastian $400,000
Previous Owner Francisco Sebastian $50,000
Previous Owner Francisco Sebastian $74,400
Previous Owner Francisco Sebastian $297,600
Previous Owner Ramirez Francisco J $95,917
Previous Owner Dhp Investments Inc $200,000
Previous Owner Alvarez Elizabeth $104,000
Previous Owner Davis Ron $20,000
Previous Owner Davis Ron $7,000
Previous Owner Davis Ron $87,000
Closed Alvarez Elizabeth $13,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2019 03/27/19 Sold $440,000 -2.0% $285 / Sq Ft
02/21/2019 02/21/19 Pending -- -- --
02/14/2019 02/14/19 For Sale $449,000 +60.1% $291 / Sq Ft
09/29/2015 09/29/15 Sold $280,500 +3.9% $182 / Sq Ft
09/14/2015 09/14/15 Pending -- -- --
08/24/2015 08/24/15 For Sale $270,000 -- $175 / 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 $6,048 $490,824 $319,483 $171,341
2024 $6,048 $481,201 $313,219 $167,982
2023 $5,934 $471,767 $307,078 $164,689
2022 $5,660 $462,517 $301,057 $161,460
2021 $5,587 $453,449 $295,154 $158,295
2019 $1,702 $297,667 $193,245 $104,422
2018 $3,696 $291,831 $189,456 $102,375
2016 $3,522 $280,500 $182,100 $98,400
2015 $3,968 $317,900 $209,800 $108,100
2014 $3,516 $280,000 $210,000 $70,000
Source: Public Records

Agents Affiliated with this Home

  • Chris Lee

    Seller's Agent in 2019

    Chris Lee

    Landpac Properties

    (213) 388-5353

    6 Total Sales

    Chris Lee
    Section Image
  • Durga Baumann

    Buyer's Agent in 2019

    Durga Baumann

    Excellence RE Real Estate

    (562) 277-0330

    74 Total Sales

    Durga Baumann
    Section Image
  • Guity Parsi

    Seller's Agent in 2015

    Guity Parsi

    Parsi Group Realtors, Inc.

    (310) 535-0663

    7 Total Sales

    Guity Parsi
    Section Image

  • R

    Buyer's Agent in 2015

    Ryan Lee

    Edgestone Real Estate, Inc.

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 19-434554

The MLS

APN: 5114-005-004

California Los Angeles County Los Angeles 90011 Historic South Central

759 E 40th Place, Los Angeles, CA

This home is located at 759 E 40th Place, Los Angeles, CA 90011 since 14 February 2019 and is currently estimated at $675,842, approximately $437 per square foot. This property was built in 1928. 759 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.

Nearby Homes