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1336 West 40th Place

1336 West 40th Place, Los Angeles, CA 90037
Property in Voices of 90037
Sold Nov 02, 2005
$500,000
$534,000 by Equity Smart Home Loans Inc
Mortgage Due Dec 01, 2050
Sold May 06, 1994
$125,000
$112,375 by American Svg Bank
Mortgage Due Jun 01, 2024
1336 West 40th Place has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1910 and is 114 years old. However, we must point out that the home was most recently renovated and altered in 1925. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. In addition, 1336 West 40th Place has 3,167 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,410 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1336 West 40th Place sold most recently in Sep 9, 2005 for a total of $500,000. If you work out the math, that's approximately a cost of $157.88 per sqft. Before that, the property was also sold for $125,000 in Mar 7, 1994. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,864 in taxes each year. 1336 West 40th Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $656,743. If we break it down further, the land itself was valued at $459,724. Improvements to the property, however, were assessed at a total of $197,019. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,410
  • Total Building Area: 3,167
  • Gross Building Area: 3,167
  • Building Area: 3,167
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 3,167
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEST PARK TRACT
  • Land Acres: 0.147
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: WEST PARK TRACT NO 2 LOT/SEC 23 BLK/DIV/TWN L

Ownership

  • Current Owner : CANO JORGE E LOPEZ
  • Previous Owner : MERINO GERMAN
  • Previous Owner 2: MERINO MIRIAM
  • Owner Before Previous Owner: JOHNSON CLYDE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 231602

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 51-E2
  • Subdivision Tract Number: 2
  • Parcel: 5020-002-008
  • Block: L
  • Lot: 23
  • Municipality: WEST /SO. WEST L.A.
  • Latitude: 34.0097
  • Longitude: -118.299

    Address

  • Full Address: 1336 W 40th Pl
  • Address - House Number: 1336
  • Street Direction: W
  • Address - Street Name: 40th
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C041
  • 4-Digit Zip Code: 1704
  • Zip Code: 90037

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,864
  • Tax Rate Code Area: 00-212

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,084,017
  • High Value: 1,326,185
  • Low Value: 841,850

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $534,000
  • First Open Lien Mortgage Lender: EQUITY SMART HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Nov 10, 2020
  • First Open Lien Mortgage Loan Amount: $534,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $656,743
  • Assessed Land Value: $459,724
  • Assessed Improvements Value: $197,019

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 09, 2005
  • Current Sale Recording Date: Nov 02, 2005
  • Current Sale Transaction ID: 1014022451
  • Current Sale Price: $500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 05-2648338
  • Previous Sale Recording Date: May 06, 1994
  • Previous Sale Contract Date: Mar 07, 1994
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACOUSTIC HOME LOANS LLC
  • First Mortgage Transaction Date: Nov 02, 2005
  • First Mortgage Loan Amount: $400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Nov 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN SVG BANK
  • Previous Mortgage Transaction Date: May 06, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $112,375
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jun 01, 2024

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Frequently Asked Questions

What neighborhood is 1336 West 40th Place located in?
The 1336 West 40th Place is a located in the neighborhood of Voices of 90037 in South LA, Los Angeles.
What is the average sales price for listings in 1336 West 40th Place?
The average sales price for units in 1336 West 40th Place is $0 currently.

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