NOT LISTED FOR SALE

760 E 40th Place Unit 2 Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $1,843,000 - $3,013,000

4 Beds
2 Baths
1,782 Sq Ft
$1,377/Sq Ft Est. Value

Last Sold January 02, 2018

Last sale price $500,000 $281 Per Sq Ft

Est. 391% increase in value since last sale

Current estimated payment $15,504/month

101 Days on Market

About This Home

As of January 2018

Great opportunity for investor or first time buyer, live in one unit and rent the other unit. Located close to Down Town Los Angeles , USC, restaurants, shoppes and sport venues. These two separate houses are on a single lot. The front unit is 3 bed / 1 bath, with living room, dining room, and wash/dryer area. Back unit is 2 bed / 1 bath, Living room, and kitchen. A two car garage and drive way parking will accommodate 4 cars. Property is in need to TLC, sold As-Is. Will be delivered vacant.

Last Agent to Sell the Property

Zayzay J.d. Gosa

ZG International Realty License #01367607 Listed on: 07/25/2017

Last Buyer's Agent

Zayzay J.d. Gosa

ZG International Realty License #01367607 Listed on: 07/25/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,649

Year Built

  • Built in 1937

Lot Details

  • 8,162 Sq Ft Lot
  • East Facing Home
  • Property is zoned LARD2

Interior Spaces

  • 1,782 Sq Ft Home
  • Ceiling Fan
  • Oven or Range
  • Washer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Automatic Gate

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Community Mailbox

Listing and Financial Details

  • Assessor Parcel Number 5114-008-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,649

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1782
  • Probate: No
  • Year Built: 1937
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring: Mixed
  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Ceiling Fan, Range/Oven, Washer
  • Price Per S Q F T: 297.42

Exterior Features

  • Direction Faces: East
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No

Garage/Parking

  • Parking Garage: Auto Driveway Gate, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan
  • Heating: Natural Gas

Association/Amenities

  • Community Features: Community Mailbox

Lot Info

  • Assessed Improvement Value: 93319
  • Assessed Land Value: 143571
  • Assessor Parcel Number: 5114-008-021
  • Geocode Override: No
  • Lot Size Area: 8162

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2019
Sold by
Rvg International Group Llc
Bought by
Wang Wei and Li Xiaolong
Current Estimated Value
$2,453,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,105,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 25, 2017
Closed on
Dec 20, 2017
Sold by
Henderson Girda
Bought by
Rvg International Group Llc
Seller's Agent
Zayzay J.d. Gosa
ZG International Realty
Buyer's Agent
Zayzay J.d. Gosa
ZG International Realty
List Price
$625,000
Sold Price
$500,000
Premium/Discount to List
-$125,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.79%
Original Mortgage
$385,000
Interest Rate
3.95%
Mortgage Type
New Conventional
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
Wang Wei $1,930,000 Pacific Coast Title Company
Rvg International Group Llc $500,000 Fidelity Sherman Oaks
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Wei $981,000
Closed Wang Wei $1,105,000
Previous Owner Rvg International Group Llc $385,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2018 01/02/18 Sold $500,000 -5.7% $281 / Sq Ft
11/03/2017 11/03/17 Pending -- -- --
10/25/2017 10/25/17 Price Changed $530,000 -1.5% $297 / Sq Ft
10/23/2017 10/23/17 Price Changed $538,000 -1.3% $302 / Sq Ft
09/21/2017 09/21/17 Price Changed $545,000 -1.8% $306 / Sq Ft
08/28/2017 08/28/17 Price Changed $555,000 -3.5% $311 / Sq Ft
08/23/2017 08/23/17 Price Changed $575,000 -1.7% $323 / Sq Ft
08/20/2017 08/20/17 Price Changed $585,000 -1.7% $328 / Sq Ft
08/10/2017 08/10/17 Price Changed $595,000 -4.8% $334 / Sq Ft
07/25/2017 07/25/17 For Sale $625,000 -- $351 / 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 $25,649 $2,110,731 $601,503 $1,509,228
2024 $25,649 $2,069,345 $589,709 $1,479,636
2023 $25,156 $2,028,771 $578,147 $1,450,624
2022 $23,994 $1,988,992 $566,811 $1,422,181
2021 $23,678 $1,949,994 $555,698 $1,394,296
2020 $6,997 $520,200 $520,200 $0
2019 $6,380 $510,000 $357,000 $153,000
2018 $3,128 $246,458 $149,370 $97,088
2016 $2,975 $236,890 $143,571 $93,319
2015 $2,933 $233,333 $141,415 $91,918
2014 $2,954 $228,763 $138,645 $90,118
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2018

    Zayzay J.d. Gosa

    ZG International Realty

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Map

Source: The MLS

MLS Number: 17-254980

The MLS

APN: 5114-008-021

California Los Angeles County Los Angeles 90011 Historic South Central

760 E 40th Place Unit 2, Los Angeles, CA

This home is located at 760 E 40th Place Unit 2, Los Angeles, CA 90011 since 25 July 2017 and is currently estimated at $2,453,128, approximately $1,376 per square foot. This property was built in 1937. 760 E 40th Place Unit 2 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.

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