NOT LISTED FOR SALE

868 W 40th Place Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated Value: $878,000 - $1,099,000

4 Beds
4 Baths
3,864 Sq Ft
$252/Sq Ft Est. Value

Last Sold March 21, 2016

Last sale price $500,000 $129 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $5,813/month

96 Days on Market

About This Home

As of March 2016

Fourplex located at 868 West 40th Place in Los Angeles. Built in 1915, this two-story property consists of three three-bedroom/one-bath units and one one-bedroom/one-bath unit. The property has a rentable square footage of 3,864-square feet sitting on a 6,447-square foot lot. Long term tenants provide for an excellent opportunity for a future investor to reap the benefits of turnover and higher rents. Located just south of Martin Luther King Jr. Boulevard, the subject property is within walking distance to Menlo Elementary School and Manuel Art High School. The property is also minutes away from the Los Angeles Sports Coliseum.

Last Agent to Sell the Property

Sevak Keshishian

Marcus & Millichap License #01887505 Listed on: 10/16/2015

Last Buyer's Agent

IMELDA RIOS

License #01459151

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,540

Year Built

  • Built in 1915

Lot Details

  • 6,472 Sq Ft Lot

Home Design

  • 3,864 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 7 Parking Spaces
  • Assigned Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5019-002-034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,540

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3864
  • Year Built: 1915
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 157.61

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 7

Utilities

  • Electric Expense: 1000.00
  • Water Expense: 1000.00

Fee Information

  • Gas Expense: 1000.00
  • Insurance Expense: 1300.00
  • Maintenance Expense: 2400.00
  • Other Expense: 750.00

Lot Info

  • Assessed Improvement Value: 183000
  • Assessed Land Value: 275000
  • Assessor Parcel Number: 5019-002-034
  • Geocode Override: No
  • Lot Size Area: 6472

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.91
  • Number Of Units: 4
  • Total Annual Expense: 17138
  • Type Of Units: Residential
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 7988.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2022
Sold by
Medina Alfonso Guerrero
Bought by
Alfonso Guerrero Family Trust
Current Estimated Value
$973,042

Purchase Details

Listed on
Oct 16, 2015
Closed on
Jan 22, 2016
Sold by
Rodriguez Luis
Bought by
Medina Alfonso Guerrero
Seller's Agent
Sevak Keshishian
Marcus & Millichap
Buyer's Agent
IMELDA RIOS
List Price
$629,000
Sold Price
$500,000
Premium/Discount to List
-$129,000
-20.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$350,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2014
Sold by
Pelayo Leonel
Bought by
Rodriguez Luis and Rodriguez Solo 401K Trust

Purchase Details

Closed on
Jun 3, 2005
Sold by
Pelayo Roxana
Bought by
Pelayo Leonel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2002
Sold by
Pelayo Roxana
Bought by
Pelayo Leonel
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
Alfonso Guerrero Family Trust -- --
Medina Alfonso Guerrero $500,000 Ticor Title Co
Rodriguez Luis $121,000 Old Republic Title Company
Pelayo Leonel -- Financial Title Company La
Pelayo Leonel -- Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Medina Alfonso Guerrero $350,000
Previous Owner Pelayo Leonel $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2016 03/21/16 Sold $500,000 -20.5% $129 / Sq Ft
01/20/2016 01/20/16 Pending -- -- --
10/16/2015 10/16/15 For Sale $629,000 -- $163 / 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 $7,540 $591,891 $414,325 $177,566
2024 $7,540 $580,286 $406,201 $174,085
2023 $7,405 $568,909 $398,237 $170,672
2022 $7,079 $557,755 $390,429 $167,326
2021 $6,972 $546,820 $382,774 $164,046
2019 $6,773 $530,603 $371,422 $159,181
2018 $6,668 $520,200 $364,140 $156,060
2016 $5,930 $464,983 $279,193 $185,790
2015 $5,848 $458,000 $275,000 $183,000
2014 -- $361,521 $156,659 $204,862
Source: Public Records

Agents Affiliated with this Home

  • Sevak Keshishian

    Seller's Agent in 2016

    Sevak Keshishian

    Marcus & Millichap

    (818) 212-2700

    1 in this area

    57 Total Sales

    Sevak Keshishian
    Section Image

  • I

    Buyer's Agent in 2016

    IMELDA RIOS

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Map

Source: The MLS

MLS Number: 15-950923

The MLS

APN: 5019-002-034

California Los Angeles County Los Angeles 90037 Vermont Square

868 W 40th Place, Los Angeles, CA

This home is located at 868 W 40th Place, Los Angeles, CA 90037 since 16 October 2015 and is currently estimated at $973,042, approximately $251 per square foot. This property was built in 1915. 868 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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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.
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