NOT LISTED FOR SALE

916 E 40th Place Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $752,421 - $944,000

5 Beds
2 Baths
1,998 Sq Ft
$419/Sq Ft Est. Value

Last Sold December 20, 2023

Last sale price $760,000 $380 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,301/month

21 Days on Market

Highlights

  • Gated Parking
  • Property is near a park
  • No HOA
  • Custom Home
  • Private Yard
  • Park

About This Home

As of December 2023

Great investment opportunity in one of L.A.'s most desired neighborhoods. This property consists of two separate buildings. The front house is 3 bedrooms 1 bath and the rear home is two bedrooms, one bath. They are very spacious featuring 1,998 total sqft. These units are equipped with 2 electrical meters, 2 gas meters, and 2 water meters. Zoning LARD2. It is within walking distance to schools, parks, shopping, restaurants, and public transportation. Centrally located by all major freeways, 10, 110, and 105 fwy. Make your offer today!

Last Agent to Sell the Property

ERIK RUIZ

CENTURY 21 REALTY MASTERS License #01916546 Listed on: 09/29/2023

CENTURY 21 REALTY MASTERS

Last Buyer's Agent

Janeth Bernal

RE/MAX College Park Realty License #01270399

RE/MAX College Park Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,317 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Brick Fence
  • Chain Link Fence
  • Fence is in fair condition
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Front Yard

Home Design

  • Duplex
  • Custom Home
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,998 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Private Parking
  • Driveway
  • Gated Parking
  • Paved Parking
  • Parking Lot
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 8 / G
  • Assessor Parcel Number 5114009010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Park
  • Dog Park

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Zoning: LARD2
  • Architectural Style: Custom Built
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5114009010
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 245
  • Levels: One
  • Price Per Square Foot: 380.38

Exterior Features

  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Brick, Chain Link, Fair Condition, Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete, Paved, Gated, Off Street, On Site, Parking Space, Private, Unassigned
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Dog Park, Gutters, Park, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Level with Street, Park Nearby, Paved, Walkstreet, Yard
  • Lot Size Sq Ft: 6317.00
  • Lot Size Acres: 0.1450

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Other

Multi Family

  • Lot Size Area: 6317.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: G
  • Tax Census Tract: 2283.10
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Dec 18, 2023
Sold by
Hsieh Jeff and Qian Liu
Bought by
Bamaca David Sales and Bamaca Vidal Sales
Seller's Agent
ERIK RUIZ
CENTURY 21 REALTY MASTERS
Buyer's Agent
Janeth Bernal
RE/MAX College Park Realty
List Price
$740,000
Sold Price
$760,000
Premium/Discount to List
$20,000
2.7%
Views
212
Current Estimated Value
$862,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,909
Avg. Annual Appreciation
4.82%
Original Mortgage
$695,970
Outstanding Balance
$683,241
Interest Rate
6.99%
Mortgage Type
FHA
Estimated Equity
$153,364

Purchase Details

Closed on
Nov 23, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hsieh Jeff and Liu Qian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,200
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2010
Sold by
Verdiell Jesus
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jul 10, 2008
Sold by
Romero Andrea
Bought by
Verdiell Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,500
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2008
Sold by
Santa Cruz Reinaldo
Bought by
Romero Andrea

Purchase Details

Closed on
Dec 9, 2004
Sold by
Romero Cruz
Bought by
Santacruz Reinaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2002
Sold by
Sotelo Jesus and Sotelo Herlinda
Bought by
Santacruz Reinaldo and Romero Cruz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,956
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 1997
Sold by
Sotelo Jesus and Sotelo Herlinda
Bought by
Sotelo Jesus and Sotelo Herlinda
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

Date Buyer Sale Price Title Company
Bamaca David Sales $760,000 Wfg National Title
Hsieh Jeff $205,500 Ticor Title
Federal Home Loan Mortgage Corporation $412,449 Accommodation
Verdiell Jesus $515,000 Cal Counties Title
Romero Andrea -- None Available
Santacruz Reinaldo -- Orange Coast Title Company
Santacruz Reinaldo $195,000 American Title Co
Sotelo Jesus -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bamaca David Sales $695,970
Previous Owner Hsieh Jeff $105,200
Previous Owner Verdiell Jesus $463,500
Previous Owner Santacruz Reinaldo $250,000
Previous Owner Santacruz Reinaldo $193,956
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2023 12/20/23 Sold $760,000 +2.7% $380 / Sq Ft
11/03/2023 11/03/23 For Sale $740,000 -2.6% $370 / Sq Ft
11/02/2023 11/02/23 Off Market $760,000 -- --
10/20/2023 10/20/23 Pending -- -- --
09/29/2023 09/29/23 For Sale $740,000 -- $370 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,512 $775,200 $571,200 $204,000
2024 $9,512 $760,000 $560,000 $200,000
2023 $5,067 $389,580 $220,687 $168,893
2022 $4,840 $381,942 $216,360 $165,582
2021 $4,774 $374,454 $212,118 $162,336
2020 $4,817 $371,155 $209,943 $161,212
2019 $4,636 $363,889 $205,827 $158,062
2018 $4,530 $356,766 $201,792 $154,974
2016 $4,316 $342,395 $193,957 $148,438
2015 $4,256 $337,253 $191,044 $146,209
2014 $4,281 $330,647 $187,302 $143,345
Source: Public Records

Agents Affiliated with this Home

  • ERIK RUIZ

    Seller's Agent in 2023

    ERIK RUIZ

    CENTURY 21 REALTY MASTERS

    (323) 722-7300

    3 in this area

    46 Total Sales

    ERIK RUIZ
    Section Image
  • Janeth Bernal

    Buyer's Agent in 2023

    Janeth Bernal

    RE/MAX

    (909) 376-1224

    1 in this area

    15 Total Sales

    Janeth Bernal
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB23182112

California Regional Multiple Listing Service (CRMLS)

APN: 5114-009-010

California Los Angeles County Los Angeles 90011 Historic South Central

916 E 40th Place, Los Angeles, CA

Not Listed for Sale

MultiFamily

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