718 E 40th Pl Los Angeles, CA 90011

$800,000 Sold Price as of 06/25/2020

8 Beds
5 Baths
2,690 Sq.Ft.

Off Market

$800,000 Sold Price as of 06/25/2020 Refinance Your Mortgage

Map preview of 718 E 40th Pl, Los Angeles, CA 90011

Property Overview: 718 E 40th Pl Los Angeles, CA has 8 bedrooms, 5 bathrooms, 2,690 living square feet and 4,713 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

718 E 40th Pl is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 718 E 40th Pl

Last sold for $800,000 on June 26th, 2020

August, 2020
Aug 3, 2020

Date

Canceled

CRMLS: PW20133939

$2,900

Price
Jul 8, 2020

Date

Active

CRMLS: PW20133939

$2,900

Price
Listing provided courtesy of CRMLS

Two unit! 4 bed + 2.5 bath unit, Perfect for family or students living with roommates. This unit comes with new paint, hardwood floors, master suites, recessed lighting, washer/dryer in unit, Stainless steel appliances and two car parking ( 2 car garage). Property is gated and secure controlled access. Asking: $2900/ Month. 12 month min lease with approved credit and income. Contact me for showing instructions. Masks and gloves required for all showings at max two individuals allowed in at one time.

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July, 2020
Jul 1, 2020

Date

Sold

CRMLS: WS19223050

$800,000

Price
Apr 16, 2020

Date

Active

CRMLS: WS19223050

$830,000

Price
Mar 19, 2020

Date

Active Under Contract

CRMLS: WS19223050

$830,000

Price
Mar 4, 2020

Date

Active

CRMLS: WS19223050

$830,000

Price
Sep 18, 2019

Date

Pending

CRMLS: WS19223050

$830,000

Price
Sep 18, 2019

Date

Active

CRMLS: WS19223050

$830,000

Price
Listing provided courtesy of CRMLS

This is a Duplex built on 2012. Both units have 2 stories. Front unit features 4 Bedrooms and 2 Bathrooms, Rear unit features 4 Bedrooms and 3 Bathrooms. Both units are in great condition. This is a fantastic investment opportunity. Additional features include new floors, doors, windows, new solar Panels, Tank-less Water Heaters, Recess Lightning, granite kitchen counter tops, spacious rooms perfect for big families, Each unit has its own individual laundry room, Each unit has its private garages and additional parking space for more than 5 cars. See virtual tour at http://www.platinumrealtycorp.com/Tours/718e40thpl/

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June, 2020
Jun 25, 2020

Date

Sold (Public Records)

Public Records

$800,000

Price
July, 2019
Jul 31, 2019

Date

Sold

CRMLS: EV19039675

$600,000

Price
Jun 28, 2019

Date

Pending

CRMLS: EV19039675

$600,000

Price
Feb 22, 2019

Date

Active

CRMLS: EV19039675

$600,000

Price
Listing provided courtesy of CRMLS

This is a 2 Unit property featuring 4Bed, 3Bath front unit and 4Bed, 3Bath back unit. Both units are currently tenant occupied and property is in need of repairs.

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July, 2019
Jul 26, 2019

Date

Sold (Public Records)

Public Records

$600,000

Price
February, 2019
Feb 21, 2019

Date

Canceled

CRMLS: EV18282866

$780,000

Price
Feb 7, 2019

Date

Active

CRMLS: EV18282866

$780,000

Price
Jan 19, 2019

Date

Pending

CRMLS: EV18282866

$780,000

Price
Jan 8, 2019

Date

Price Change

CRMLS: EV18282866

$780,000

Price
Nov 30, 2018

Date

Active

CRMLS: EV18282866

$835,000

Price
Listing provided courtesy of CRMLS

AMAZING DUPLEX BUILT IN 2012. NO RENT CONTROL!! ABOUT A 1 MILE AWAY FROM USC IN THE GREAT AND HIGH DEMAND LOS ANGELES AREA! 2 SPACIOUS 2 STORY HOMES 4 BEDROOMS 2 BATHS IN THE FRONT AND 4 BEDROOMS 2.5 BATHS IN THE BACK. THIS INVESTMENT OPPORTUNITY IS ONE OF A KIND AND HARD TO COME BY. SOLAR PANELS WILL BE PAID OF AT CLOSING BY SELLER! NICELY REMODELED, GRANITE KITCHEN COUNTER TOPS, SPACIOUS ROOMS PERFECT TO RENT OUT TO COLLEGE STUDENTS OR LIVE IN ONE AND RENT OUT THE OTHER ONE. THE POSSIBILITIES ARE UNLIMITED WITH THIS DUPLEX. EACH HOME HAS LAUNDRY HOOKS ON SIGHT, ITS OWN PRIVATE CAR GARAGE AND ADDITIONAL PARKING FOR UP TO 5 CARS IN THE BACK. PLEASE COMPARE TO ANYTHING ON THE MARKET NEAR BY TO TRULY SEE THE VALUE THIS DUPLEX HAS TO OFFER! CALL FOR A VIEWING APPOINTMENT TODAY!!

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December, 2017
Dec 20, 2017

Date

Price Change

CRMLS: C417984

$275,000

Price
Listing provided courtesy of CRMLS

BACK ON THE MARKET SUBJECT TO CANCELATION OF PR EXCELLENT INVESTMENT PROPERTY NEEDS SOME CLEANING. SELLER WILL CREDIT $4000 FOR ANY REPAIRS. 2 UNITS WITH 2 BEDROOMS 1 BATH EACH. EASY ACCESS TO THE 10 FWY. NEAR SOPPING CENTER.

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Tax History for 718 E 40th Pl

Assessed Value (2020): $680,000

Year	Land Value	Improved Value	Assessed Value
2020	$450,000	$230,000	$680,000

About 718 E 40th Pl

Detailed summary of property

718 E 40th Pl is categorized with a use code of Duplex (2 Units, Any Combination) in Los Angeles, CA 90011 and last sold on June 25, 2020 for $800,000. This property has 8 bedrooms, 5 bathrooms, roughly 2,690 living square feet, and sits on an approximately 4,713 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 28.57% lower than the current median priced home. 718 E 40th Pl was last sold on June 25, 2020 for $800,000. Local nearby listings include 261 W 43rd Pl, 634 E 52nd Pl and 1235 E 22nd St. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 718 E 40th Pl Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 718 E 40th Pl

Public county record property details

Beds: 8
Baths: 5
Year built: 2012
Sq. Ft.: 2,690
Lot Size: 4,713
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 18,19
APN: 5114-007-011

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$625,000

Median List Price/Sq.Ft.

$531

Median Sold Price

$590,000

Median Sold Price/Sq.Ft.

$438

Total Inventory

Median Sale to List Price %

102.61%

Avg Days on Market

Loan Type

Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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