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914 W 40Th Pl, Los Angeles, CA 90037
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914 W 40Th Pl Los Angeles, CA 90037

$685,000 Sold Price as of 03/10/2022
  • 5 Beds
  • 3 Baths
  • 2,976 Sq.Ft.
Sold
$685,000 Sold Price as of 03/10/2022 Refinance Your Mortgage
Map preview of 914 W 40Th Pl, Los Angeles, CA 90037

Property Overview: 914 W 40Th Pl Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,976 living square feet and 5,462 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Triplex consists of 2 buildings totaling 2,976 SF on 5,462 SF LA-R3 Zoned land. The front building has a 2- 2 bedroom / 1 bathroom units, one of which is on the ground floor and the other on the second floor. The second building in the rear has garages located on the ground floor and a1 bedroom / 1 bathroom unit above the garages. There is on-site parking in the rear in addition to ample street parking. This location also has a great walking score of 85.This offering will attract an investor looking for an income producing multi-family property in a densely populated area, just south of USC & the Coliseum. The Offering is located at the south side of W. 40th Pl., just 2parcels east of Vermont Ave. The site is approximately 2 blocks south of Banc of California Soccer Stadium & the Los Angeles Memorial Coliseum and just 1/2a mile south of the University of Southern California Campus. It is also just south of Exposition Park; which consists of the California Science Center, Natural History Museum, California African American Museum, and the future George Lucas Museum. It is easily accessible, being just west of the 110 Freeway on ramp and less than 1 mile from the Expo Park /USC metro station, which connects downtown Los Angeles to Santa Monica. The demographics in the immediate area offer over 50,000 people residing within a 1-mile radius and just under 500,000 people residing within a 3-mile radius. PROPERTY MUST BE PURCHASED CONCURRENTLY WITH APN # 5020-031-016

Listed by David Yashar | BRE #01102638 | Keller Williams Realty
Co-listed by Omid Saleh | BRE #01980838 | Keller Williams Realty
Last checked: 7 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
5,462
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22130241
City
Los Angeles
County
Los Angeles
Time on Site
817 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $978
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $978
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 21.7
  • Gross Scheduled Income: --
  • Net Operating Income: $14,920
  • Gross Operating Income: $32,260
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 914 W 40Th Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • No View
  • View: None
  • Total # of Units: 3
  • Parcel Number: 5020031015
  • Has Additional Parcels
Location / Neighborhood
Location Information
  • Directions: One Block south of Martin Luther King Jr Blvd. & 1/2 a Block east of Vermont Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 914 W 40Th Pl

Last sold for $685,000 on March 10th, 2022

  • March, 2022

  • Mar 10, 2022

    Date

    Sold

    CRMLS: 22130241

    $685,000

    Price

  • Feb 21, 2022

    Date

    Active

    CRMLS: 22130241

    $700,000

    Price

  • December, 2020

  • Dec 9, 2020

    Date

    Canceled

    CRMLS: 20629322

    $797,500

    Price

  • Sep 10, 2020

    Date

    Active

    CRMLS: 20629322

    $797,500

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer for sale this four (4) unit multifamily investment offering, located in the City of Los Angeles. The subject property is constructed of wood frame and stucco, built-in 1942, with approximately 2,976 rentable sqft on a 5,462 sqft lot. The asset is comprised of a two-story structure, with a unit mix consisting of two (2) 2+1 units and two (2) 1+1 units. 55% upside in rents and 1 block away from the Coliseum.

  • August, 2020

  • Aug 4, 2020

    Date

    Active

    CRMLS: 20613910

    $1

    Price

  • Listing provided courtesy of CRMLS

    PRICE UNDISCLOSED. 914 & 918 W. 40th Place, two contiguous parcels. 914 W. 40th Place consists of four units and 918 W. 40th Place consists of three units all one bedroom one bathroom apartments. Note: title report shows a total of 8 units buyer and buyers broker to verify with city of Los Angeles. The subject properties combine for a total building square footage of ±6,886 SF with a total land square footage of ±10,530 SF.This is a rare 16-unit student housing development opportunity. The subject property is zoned R3-1-CPIO TOC Tier 3 with a 70% density bonus and a FAR of 4.5:1, allowing roughly 47,385 SF of buildable square footage, with a 67 feet height restriction. Note: Properties is being sold as a land portfolio for student housing development.

  • October, 2018

  • Oct 31, 2018

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

  • September, 2018

  • Sep 13, 2018

    Date

    Expired

    CRMLS: 18362882

    $738,800

    Price

  • Jul 9, 2018

    Date

    Active

    CRMLS: 18362882

    $738,800

    Price

  • Listing provided courtesy of CRMLS

    R-3 TOC-TIER 3,,, Location Location and Location. Bring your investors and developers ! 914 w 40th and 918 w 40th. Three, 2 bedrooms and 1 bath. These two separate properties. GREAT investment site 3 blocks south of USC campus and 1 block from the George Lucas' $1.5 billion art museum and Los Angeles Coliseum. Zoned R-3 TOC-TIER 3 Both lots combined are Approx, 10,530 Sf You could potentially build 23 unit, ( by Right ) or small lot subdivision. Both properties are ADJACENT and MUST SOLD TOGETHER.

  • July, 2018

  • Jul 2, 2018

    Date

    Expired

    CRMLS: 18346346

    $738,800

    Price

  • May 21, 2018

    Date

    Active

    CRMLS: 18346346

    $738,800

    Price

  • Listing provided courtesy of CRMLS

    R-3 TOC-TIER 3,,, Location Location and Location. Bring your investors and developers ! 914 w 40th and 918 w 40th. Three, 2 bedrooms and 1 bath. These two separate properties. GREAT investment site 3 blocks south of USC campus and 1 block from the George Lucas' $1.5 billion art museum and Los Angeles Coliseum. Zoned R-3 TOC-TIER 3 Both lots combined are Approx, 10,530 Sf You could potentially build 23 unit or small lot subdivision. Both properties are ADJACENT and MUST SOLD TOGETHER.

  • May, 2018

  • May 16, 2018

    Date

    Expired

    CRMLS: 18300336

    $749,000

    Price

  • May 1, 2018

    Date

    Price Change

    CRMLS: 18300336

    $749,000

    Price

  • Feb 5, 2018

    Date

    Expired

    CRMLS: 18300336

    $709,000

    Price

  • Jan 12, 2018

    Date

    Price Change

    CRMLS: 18300336

    $709,000

    Price

  • Jan 5, 2018

    Date

    Active

    CRMLS: 18300336

    $700,000

    Price

  • Listing provided courtesy of CRMLS

    R-3 TOC-TIER 3,,, Location Location and Location. Bring your investors and developers ! 914 w 40th Pl. AND 918 w 40th Pl Three, 2 bedrooms and 1 bath. These two separate properties. GREAT investment site 3 blocks south of USC campus and 1 block from the George Lucas' $1.5 billion art museum and Los Angeles Coliseum. Zoned LAR3 Both lots combined are Approx, 10,530 Sf You could potentially build 23 unit or small lot subdivision. Both properties are ADJACENT and MUST SOLD TOGETHER.

  • May, 2018

  • May 1, 2018

    Date

    Expired

    CRMLS: 18321488

    $788,889

    Price

  • Apr 4, 2018

    Date

    Price Change

    CRMLS: 18321488

    $788,889

    Price

  • Mar 9, 2018

    Date

    Active

    CRMLS: 18321488

    $788,888

    Price

  • Listing provided courtesy of CRMLS

    R-3 TOC-TIER 3,,, Location Location and Location. Bring your investors and developers ! 914 w 40th and 918 40th. Three, 2 bedrooms and 1 bath. These two separate properties. GREAT investment site 3 blocks south of USC campus and 1 block from the George Lucas' $1.5 billion art museum and Los Angeles Coliseum. Zoned R-3 TOC-TIER 3 Both lots combined are Approx, 10,530 Sf You could potentially build 23 unit or small lot subdivision. Both properties are ADJACENT and MUST SOLD TOGETHER.

  • March, 2018

  • Mar 5, 2018

    Date

    Expired

    CRMLS: 18310696

    $788,888

    Price

  • Feb 9, 2018

    Date

    Price Change

    CRMLS: 18310696

    $788,888

    Price

  • Feb 9, 2018

    Date

    Canceled

    CRMLS: 18310696

    $709,000

    Price

  • Feb 6, 2018

    Date

    Active

    CRMLS: 18310696

    $709,000

    Price

  • Listing provided courtesy of CRMLS

    Location Location and Location. Bring your investors and developers ! 914 w 40th and 918 40th. Three, 2 bedrooms and 1 bath. These two separate properties. GREAT investment site 3 blocks south of USC campus and 1 block from the George Lucas' $1.5 billion art museum and Los Angeles Coliseum. Zoned R-3 TOC-TIER 3 Both lots combined are Approx, 10,530 Sf You could potentially build 23 unit or small lot subdivision. Both properties are ADJACENT and MUST SOLD TOGETHER.

  • January, 2018

  • Jan 31, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2017

  • Nov 29, 2017

    Date

    Expired

    CRMLS: 17284536

    $699,900

    Price

  • Oct 27, 2017

    Date

    Active

    CRMLS: 17284536

    $699,900

    Price

  • Listing provided courtesy of CRMLS

    Location Location and Location. Bring your investors and developers ! 914 w 40th Pl. AND 918 w 40th Pl Three, 2 bedrooms and 1 bath. These two separate properties. GREAT investment site 3 blocks south of USC campus and 1 block from the George Lucas' $1.5 billion art museum and Los Angeles Coliseum. Zoned LAR3 Both lots combined are Approx, 10,530 Sf You could potentially build 12 unit or small lot subdivision. Both properties are ADJACENT and MUST SOLD TOGETHER.

  • October, 2017

  • Oct 27, 2017

    Date

    Expired

    CRMLS: 17274212

    $700,000

    Price

  • Oct 12, 2017

    Date

    Price Change

    CRMLS: 17274212

    $700,000

    Price

  • Sep 26, 2017

    Date

    Active

    CRMLS: 17274212

    $699,900

    Price

  • Listing provided courtesy of CRMLS

    Location Location and Location. Bring your investors and developers ! 914 w 40th Pl. AND 918 w 40th Pl Three, 2 bedrooms and 1 bath. These two separate properties. GREAT investment site 3 blocks south of USC campus and 1 block from the George Lucas' $1.5 billion art museum and Los Angeles Coliseum. Zoned LAR3 Both lots combined are Approx, 10,530 Sf You could potentially build 12 unit or small lot subdivision. Both properties are ADJACENT and MUST SOLD TOGETHER.

Show More

Tax History for 914 W 40Th Pl

Assessed Value (2020): $612,000
Year Land Value Improved Value Assessed Value
2020 $428,400 $183,600 $612,000

Home Value Compared to the Market

This property vs the competition

914 W 40Th Pl sold on March 10, 2022 for 41.18% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $235.22 per/sqft which puts the price per square foot 68.85% lower than the current median sale per square foot for the city of Los Angeles.

About 914 W 40Th Pl

Detailed summary of property

914 W 40Th Pl is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 2,976 living square feet, and sits on an approximately 5,462 square foot lot. 914 W 40Th Pl was first listed on ArdentRealEstateGroup.com on February 23, 2022. The homeowner sold the property for $685,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 41.18% lower than the current median priced home. Local homes that are currently for sale include 1452 W 53rd St, 3721 Wall St and 1510 W 53rd St. While the average home in Los Angeles, CA is selling in 92 days, 914 W 40Th Pl has a days on market of 14 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 914 W 40Th Pl Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 914 W 40Th Pl

Public county record property details
Beds
5
Baths
5
Year built
1923
Sq. Ft.
2,976
Lot Size
5,462
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
108
APN
5020-031-015

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 914 W 40Th Pl

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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