NOT LISTED FOR SALE

840 W 40th Place Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated Value: $895,000 - $1,677,000

4 Beds
4 Baths
3,854 Sq Ft
$337/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $1,320,000 $343 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $8,497/month

36 Days on Market

Highlights

  • Wood Flooring
  • Shed
  • Central Heating

About This Home

As of October 2021

Pleased to present 840 W 40th Place, Los Angeles, CA 90037. This is a vacant fourplex located near the University of California campus. Originally constructed in 1915, the property features 4 one-bedroom / one-bathroom apartments within 3,854 rentable square feet. There is on-site parking in the back.The property is well located, near a myriad of educational institutions, retail, transit, and job opportunities due to its location just south of USC & Downtown LA with easy access to the 10, 110 & 105 Freeways.840 W 40th Place is surrounded by amenity rich locations including Downtown Los Angeles, the USC Campus, the LA Memorial Coliseum and South LA all within 4 miles. Many large employers reside in the immediate area including University Park, Kaiser Permanente of Southern California, and UPS. ***The sale of the Property is subject to Court approval and confirmation, as well as to a potential overbid scenario, pursuant to procedures applicable to the sale of Property in a Conservatorship case.***

Last Agent to Sell the Property

Becky Eriksson

Marcus & Millichap License #02052561 Listed on: 06/15/2021

Last Buyer's Agent

Lee Markus Alli

License #01167620

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,039

Year Built

  • Built in 1915

Lot Details

  • 5,925

Home Design

  • 3,854 Sq Ft Home

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • Driveway

Utilities

  • Central Heating
  • Water Heater

Additional Features

  • Shed
  • 5,925 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for gas
  • Assessor Parcel Number 5019-002-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,039

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 3854
  • Lot Acreage: 0.1360
  • Probate: No
  • Year Built: 1915
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Hardwood, Tile
  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 259.47

Exterior Features

  • Other Structures: Shed(s)

Garage/Parking

  • Other Spaces: 4
  • Parking Garage: Driveway - Concrete

Utilities

  • Water Heater: Water Heater Unit
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 51.47
  • Assessed Improvement Value: 23505
  • Assessed Land Percent: 48.53
  • Assessed Land Value: 22160
  • Total Assessed Value: 45665
  • Assessor Parcel Number: 5019-002-028
  • Lot Size Area: 5925

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Unit Type: 2106
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: 1 Bdr/1 Bath
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Sep 16, 2021
Sold by
Movsesian Shoushan and Isaacs Trust
Bought by
840 W 40Th Place Llc
Seller's Agent
Becky Eriksson
Marcus & Millichap
Buyer's Agent
Lee Markus Alli
List Price
$1,000,000
Sold Price
$1,320,000
Premium/Discount to List
$320,000
32%
Current Estimated Value
$1,298,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,270
Avg. Annual Appreciation
-0.92%

Purchase Details

Closed on
Sep 23, 2020
Sold by
Isaacs Ruth P
Bought by
Movsesian Shoushan and Isaacs Trust

Purchase Details

Closed on
Feb 8, 2019
Sold by
Isaacs Ruth P and The Isaacs Trust
Bought by
Isaacs Ruth P and The Isaacs Trust

Purchase Details

Closed on
Mar 11, 2008
Sold by
Isaacs Ralph W and Isaacs Ruth P
Bought by
Isaacs Ralph W

Purchase Details

Closed on
Mar 22, 2002
Sold by
Bautista Hector and Lopez Hilario
Bought by
Gutierrez Norberto

Purchase Details

Closed on
Aug 9, 1996
Sold by
Isaacs Ralph W
Bought by
Isaacs Ralph W and Isaacs Ruth P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
8.42%
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
840 W 40Th Place Llc $1,320,000 Chicago Title Company
Movsesian Shoushan -- Accommodation
Isaacs Ruth P -- Accommodation
Isaacs Ralph W -- None Available
Gutierrez Norberto -- --
Isaacs Ralph W -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Isaacs Ralph W $297,500
Previous Owner Isaacs Ralph W $21,000
Previous Owner Isaacs Ralph W $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2021 10/06/21 Sold $1,320,000 +32.0% $343 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $1,000,000 -- $259 / 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 $17,039 $1,400,792 $980,555 $420,237
2024 $17,039 $1,373,327 $961,329 $411,998
2023 $16,726 $1,346,400 $942,480 $403,920
2022 $15,949 $1,320,000 $924,000 $396,000
2021 $1,074 $46,137 $22,389 $23,748
2020 $1,075 $45,665 $22,160 $23,505
2019 $1,053 $44,771 $21,726 $23,045
2018 $956 $43,894 $21,300 $22,594
2016 $877 $42,191 $20,474 $21,717
2015 $869 $41,558 $20,167 $21,391
2014 $903 $40,744 $19,772 $20,972
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Becky Eriksson

    Marcus & Millichap

  • L

    Buyer's Agent in 2021

    Lee Markus Alli

See All Agents

Map

Source: The MLS

MLS Number: 21-754024

The MLS

APN: 5019-002-028

California Los Angeles County Los Angeles 90037 Vermont Square

840 W 40th Place, Los Angeles, CA

This home is located at 840 W 40th Place, Los Angeles, CA 90037 since 15 June 2021 and is currently estimated at $1,298,730, approximately $336 per square foot. This property was built in 1915. 840 W 40th Place is a home located in Los Angeles County with nearby schools including Menlo Avenue Elementary School, Barack Obama Global Preparation Academy, and Manual Arts Senior High School.

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