Ilya Tsipis
Fair Realty
(747) 204-0233
46 Total Sales
1 in Historic South Central
$850,000 Price
916 E 40th Place Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated Value: $836,664
5
Beds
2
Baths
1,998
Sq Ft
$419/Sq Ft
Est. Value
Highlights
- Gated Parking
- Property is near park
- No HOA
- Custom Home
- Private Yard
- Park
About This Home
As of December 2023Great 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
CENTURY 21 REALTY MASTERS License #01916546 Listed on: 09/29/2023
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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 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
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
Sep 29, 2023
Closed on
Dec 18, 2023
Sold by
Bought by
Seller's Agent
ERIK RUIZ
CENTURY 21 REALTY MASTERS
Buyer's Agent
Janeth Bernal
College Park Realty
List Price
$740,000
Sold Price
$760,000
Premium/Discount to List
$20,000
2.7%
Views
211
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,664
Avg. Annual Appreciation
3.74%
Original Mortgage
$695,970
Outstanding Balance
$677,291
Interest Rate
6.99%
Mortgage Type
FHA
Estimated Equity
$159,373
Purchase Details
Closed on
Nov 23, 2011
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
$105,200
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 21, 2010
Sold by
Bought by
Purchase Details
Closed on
Jul 10, 2008
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
$463,500
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 1, 2008
Sold by
Bought by
Purchase Details
Closed on
Dec 9, 2004
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
$250,000
Interest Rate
7.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 1, 2002
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
$193,956
Interest Rate
6.78%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 16, 1997
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
$25,000
Interest Rate
7.54%
Mortgage Type
Stand Alone Second
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Historic South Central, CA
-
Ilya Tsipis
-
Shelle Kirk
Shelle Kirk
View Heights Properties
(562) 414-6134
24 Total Sales
1 in Historic South Central
$940,000 Price
-
Joshua Glaz
Joshua Glaz
The Ave
(657) 325-8448
255 Total Sales
2 in Historic South Central
$795K - $960K Price Range
-
Samuel Mikhail
Samuel Mikhail
The New City Realty
(562) 526-0349
37 Total Sales
1 in Historic South Central
$900,000 Price
-
Albert Marin
Albert Marin
Re/Max Top Producers
(951) 456-4305
67 Total Sales
1 in Historic South Central
$655,000 Price
-
Downey Chong
Downey Chong
Choice 100 Realty, Inc.
(213) 468-0129
10 Total Sales
1 in Historic South Central
$1,100,000 Price
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 |
|---|---|---|---|
| $760,000 | Wfg National Title | ||
| $205,500 | Ticor Title | ||
| $412,449 | Accommodation | ||
| $515,000 | Cal Counties Title | ||
| -- | None Available | ||
| -- | Orange Coast Title Company | ||
| $195,000 | American Title Co | ||
| -- | United Title Company |
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 | $695,970 | ||
| Previous Owner | $70,000 | ||
| Previous Owner | $105,200 | ||
| Previous Owner | $463,500 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $193,956 | ||
| Previous Owner | $25,000 |
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 |
|---|---|---|---|---|
| 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
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 | $9,629 | $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
50 Total Sales
-
Janeth Bernal
Buyer's Agent in 2023
Janeth Bernal
RE/MAX
(909) 376-1224
1 in this area
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MB23182112
APN: 5114-009-010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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