Seller's Agent in 2026
Brian Noh
Nohco Real Estate
(213) 804-7647
9 in this area
131 Total Sales
917 E 40th Place Los Angeles, CA 90011
Historic South Central Neighborhood
2
Beds
1
Bath
3,600
Sq Ft
0.29
Acre Lot
Highlights
- 0.29 Acre Lot
- No HOA
- Living Room
- Traditional Architecture
- Cooling System Mounted To A Wall/Window
- Tile Flooring
About This Home
As of May 2026This fully occupied 7 unit multifamily property is comprised of four separate buildings on a big 12,567sf lot zoned RD1.5. All the units are occupied and the property offers huge upside allowing for a local and/or savvy investor to create value and maximize rents. Built in 1924, this property totals 3,600sf in size and offers a solid unit mix with (7) 2 bed/1 bath bungalow style units each with a decent layout, full kitchen & bath, roomy bedrooms, washer/dryer hookups, and some private patio area. On a large 0.29acre double size lot, there are two driveways w/ a total of 10 open parking spaces to provide ample use. Well located in Los Angeles near Downtown, Crypto Arena, & close proximity to USC and the 110 Freeway. Terrific Opportunity!
Last Agent to Sell the Property
Nohco Real Estate Brokerage Phone: 9493085775 License #01438155 Listed on: 02/10/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 12,567 Sq Ft Lot
- 1 Common Wall
- South Facing Home
- Wood Fence
- Landscaped
- Density is 6-10 Units/Acre
Home Design
- Traditional Architecture
- Apartment
- Entry on the 1st floor
- Raised Foundation
- Composition Roof
- Stucco
Interior Spaces
- 3,600 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room
Kitchen
- Gas Range
- Dishwasher
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry in unit
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Parking Available
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for gas, trash collection, electricity
- Legal Lot and Block 7 / F
- Assessor Parcel Number 5114012028
- $1,332 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 7 Units
Building Details
- 7 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $44,718
- Gross Income $86,052
- Net Operating Income $39,613
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
Feb 10, 2026
Closed on
Mar 26, 2026
Sold by
Bought by
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Sergio Tafolla
CENTURY 21 REALTY MASTERS
List Price
$950,000
Sold Price
$950,000
Views
5
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.81%
Original Mortgage
$712,500
Interest Rate
6.46%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 19, 2019
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
$600,000
Interest Rate
3.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 25, 2012
Sold by
Bought by
Purchase Details
Closed on
Sep 19, 2012
Sold by
Bought by
Purchase Details
Closed on
Aug 22, 2003
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
$380,000
Interest Rate
6.14%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $950,000 | Greenhedge Escrow | |
| Interfamily Deed Transfer | -- | Provident Title Company | |
| Grant Deed | -- | Fidelity National Title Co | |
| Trustee Deed | $481,200 | None Available | |
| Grant Deed | $380,000 | Ticor 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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $712,500 | Credit Line Revolving | |
| Previous Owner | $600,000 | Commercial | |
| Previous Owner | $380,000 | Seller Take Back |
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 |
|---|---|---|---|---|
| 05/19/2026 05/19/26 | Sold | $950,000 | 0.0% | $264 / Sq Ft |
| 05/01/2026 05/01/26 | Pending | -- | -- | -- |
| 04/02/2026 04/02/26 | Off Market | $950,000 | -- | -- |
| 02/10/2026 02/10/26 | For Sale | $950,000 | -- | $264 / 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 | $8,087 | $568,910 | $246,282 | $322,628 |
| 2024 | $7,968 | $557,755 | $241,453 | $316,302 |
| 2023 | $7,835 | $546,819 | $236,719 | $310,100 |
| 2022 | $7,516 | $536,098 | $232,078 | $304,020 |
| 2021 | $7,418 | $525,587 | $227,528 | $298,059 |
| 2020 | $7,479 | $520,198 | $225,195 | $295,003 |
| 2019 | $7,225 | $509,999 | $220,780 | $289,219 |
| 2018 | $6,969 | $500,000 | $216,451 | $283,549 |
| 2016 | $6,614 | $480,587 | $208,047 | $272,540 |
| 2015 | $6,529 | $473,369 | $204,922 | $268,447 |
| 2014 | $6,596 | $464,097 | $200,908 | $263,189 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Noh
-
Sergio Tafolla
Buyer's Agent in 2026
Sergio Tafolla
CENTURY 21 REALTY MASTERS
(323) 722-7300
1 in this area
108 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26029405
APN: 5114-012-028
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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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