836 West 40th Place

Los Angeles, CA 90037

$985,000
Last Sold Price
4
Beds
4
Baths
3,854 Sq. Ft.
$256 / Sq. Ft.
3,854
Sq. Ft.
$256
per Sq. Ft.

Description

75% Upside Potential! Amazingly located on the non-historic R3 LOT directly below USC & Exposition Park, this beautiful well maintained 4 unit building with great cash flow. Perfect value-add you have been waiting for at an incredible value! Property is offered at an extremely low cost per unit of $281K/Unit. Close to 1,000 SF great sized 1 bed + Den and 1 bath units are perched at a quiet and beautiful tree-lined street. All utilities separately metered, W&D hook up in each unit, and 8 parking spaces....75% Upside Potential! Amazingly located on the non-historic R3 LOT directly below USC & Exposition Park, this beautiful well maintained 4 unit building with great cash flow. Perfect value-add you have been waiting for at an incredible value! Property is offered at an extremely low cost per unit of $281K/Unit. Close to 1,000 SF great sized 1 bed + Den and 1 bath units are perched at a quiet and beautiful tree-lined street. All utilities separately metered, W&D hook up in each unit, and 8 parking spaces. 5,940 SF R3 TOC Tier 2 lot shows promising future development potentials with SoFi Stadium just a few miles down, having easy access to DTLA and Metro Expo Line. The property is fabulously located just a few blocks below the new LAFC Stadium, The Fields LA. Coliseum, Science Center, USC Village, and Trader Joe's.

Property Details for 836 West 40th Place

Zoning
LAR3
Parcel Number
5019002027
Total Units
4.0
Living Area
3854
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Vacancy Rate
0%
Lot Size Area
5940

Location

Listing Courtesy of Coldwell Banker Realty, Vinnie Park, DRE #02015848

Sold By Exquisite Estates, Lee Markus Alli, DRE #01167620

Add your commute
LISTING UPDATED: 07/16/2021 03:50 PM

Property Details for 836 West 40th Place

StatusSold
MLS #21-750296
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1915
Lot Size0.14 AC / 5,940 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Vinnie Park, DRE #02015848

Sold By Exquisite Estates, Lee Markus Alli, DRE #01167620

Add your commute

Building Information for 836 West 40th Place

Stories-Residences-Year Built1915Building Size-Lot Size0.14 AC / 5,940 SF

Payment Calculator

$6,426 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,376

Property Taxes

$1,050

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 836 West 40th Place

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 4 Plex
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Cap Rate: 5.80%
  • Gross Rent Multiplier: $12.70
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 5940
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 8
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: None
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-18-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,040.00
  • Unit Actual Rent: $1,040.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,064.00
  • Unit Actual Rent: $1,064.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $155,985.00
  • Assessed Land Value: $224,623.00

Property History for 836 West 40th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 836 West 40th Place

Taxable ValueLand$714,000Additions$291,240Total$1,005,240
Tax Record2023$12,605 ($1,050 / month)
Home Facts
Total Finished SqFt3,854 SqFtAbove Grade Finished SqFt3,854 SqFtLot Size5,940 SqFtStyleQuadraplexYear Built1915ZoningLAR3CountyLOS ANGELESAPN5019-002-027

Schools near 836 West 40th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 9
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Menlo Avenue Elementary School
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 9

Manual Arts Senior High School
Public9 to 12

USC Hybrid High College Prep
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Vinnie Park, DRE #02015848

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.