NOT LISTED FOR SALE

759 E 40th Place Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $570,000 - $720,000

4 Beds
2 Baths
1,544 Sq Ft
$428/Sq Ft Est. Value

Sale Details

Date Sold: March 27, 2019

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

Est. 50% increase in value since last sale

Current estimated payment $4,018 / mo

7 Days on Market

Highlights

  • City View
  • Granite Countertops
  • Den
  • Spanish Architecture
  • No HOA
  • Air Conditioning

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

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

Location

  • City Lot

Utilities

  • Air Conditioning
  • 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

Year Built

Built in 1928

Lot Details

3,581 Sq Ft Lot

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
  • 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
  • Kitchen Features: Granite Counters
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • 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

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 14, 2019
Closed on
Mar 20, 2019
Sold by
Bought by
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%
Current Estimated Value
$660,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,811
Avg. Annual Appreciation
5.73%
Original Mortgage
$190,000
Interest Rate
0.043%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 24, 2015
Closed on
Sep 16, 2015
Sold by
Bought by
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
Bought by

Purchase Details

Closed on
Aug 25, 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
$74,400
Interest Rate
0.0563%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 13, 2000
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
$95,917
Interest Rate
0.0765%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 23, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 10, 1999
Sold by
Bought by

Purchase Details

Closed on
Jul 29, 1998
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
$20,000
Interest Rate
0.0701%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 13, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 12, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 1997
Sold by
Bought by
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

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
$440,000 Chicago Title Company
$280,500 Servicelink Title Company
$204,937 National Title Ins Of Ny Inc
$372,000 Fidelity Van Nuys
$139,000 Fidelity National Title
$82,000 Fidelity Title
$114,302 Benefit Land Title Ins Co
$130,000 Universal Title Company
$70,000 --
$95,000 --
-- --
-- --
$30,000 --
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
Open $190,000
Previous Owner $50,000
Previous Owner $400,000
Previous Owner $74,400
Previous Owner $297,600
Previous Owner $95,917
Previous Owner $200,000
Previous Owner $20,000
Previous Owner $7,000
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 Prior Sale
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 View Prior Sale
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

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 $6,128 $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

    4 Total Sales

    Chris Lee
    Section Image
  • Durga Baumann

    Buyer's Agent in 2019

    Durga Baumann

    Excellence RE Real Estate

    (562) 277-0330

    55 Total Sales

    Durga Baumann
    Section Image
  • Guity Parsi

    Seller's Agent in 2015

    Guity Parsi

    Parsi Group Realtors, Inc.

    (310) 535-0663

    4 Total Sales

    Guity Parsi
    Section Image

  • R

    Buyer's Agent in 2015

    Ryan Lee

    Edgestone Real Estate, Inc.

    Section Image
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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

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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.
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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