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847 East 40th Place

847 East 40th Place, Los Angeles, CA 90011
Property in South LA
Sold Aug 26, 2005
$285,000
$345,000 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2037
Sold Dec 06, 2001
$119,900
$118,047 by Dba American Capital Funding
Mortgage Due Dec 01, 2031
Local assessors in Los Angeles, CA have categorized 847 East 40th Place as a residential type of property. The home was built in 1933 and is 91 years old. It was most recently renovated and altered in 1940. The property's lot size has been calculated to be 1,494 square feet. The linear feet between the front and back of the lot was measured at 500 ft and the front of the lot was measured at 300 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 847 East 40th Place has a total of 670 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 847 East 40th Place was last sold in Jul 20, 2005 for $285,000. According to our calculations, that's $425.37 per sqft. Prior to that sales transaction, the property was sold for $119,900 in Oct 11, 2001. Current property owners are expected to pay $4,334 in taxes per year. The property on 847 East 40th Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $374,337. To break that down further, the land itself was valued at $299,475. While improvements to the property were assessed at a total of $74,862. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1940
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,494
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 300
  • Total Building Area: 670
  • Building Area: 670
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 670
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NADEAU ORANGE TRACT
  • Land Acres: 0.034
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NADEAU ORANGE TRACT LOT COM AT SW COR OF LOT 17 BLK F TH E 33.2 FT TH N 50 FT TH W 26 FT TO W LINE OF SD LOT TH S THEREON 51 FT TO BEG PART OF LOT/SEC 17 BLK/DIV/TWN F

Ownership

  • Current Owner : CHANG MARIA G
  • Previous Owner : LEZO JOSE LUIS
  • Owner Before Previous Owner: TERRONES WALTER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 228310

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 52-C2
  • Parcel: 5114-012-021
  • Block: F
  • Lot: 17
  • Municipality: SOUTH /L.A./FLORENCE
  • Latitude: 34.0102
  • Longitude: -118.261

    Address

  • Full Address: 847 E 40th Pl
  • Address - House Number: 847
  • Street Direction: E
  • Address - Street Name: 40th
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C011
  • 4-Digit Zip Code: 2732
  • Zip Code: 90011

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,334
  • Tax Rate Code Area: 00-007

    Appraisal Valuation

  • Standard Deviation: 0.2462
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 65
  • Final Value: 561,448
  • High Value: 699,692
  • Low Value: 423,205

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $345,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 22, 2007
  • First Open Lien Mortgage Loan Amount: $345,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2037

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $374,337
  • Assessed Land Value: $299,475
  • Assessed Improvements Value: $74,862

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 20, 2005
  • Current Sale Recording Date: Aug 26, 2005
  • Current Sale Transaction ID: 1031382616
  • Current Sale Price: $285,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 05-2058354
  • Previous Sale Recording Date: Dec 06, 2001
  • Previous Sale Contract Date: Oct 11, 2001
  • Previous Sale Amount: $119,900
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: RESMAE MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 26, 2005
  • First Mortgage Loan Amount: $228,000
  • 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: Sep 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: DBA AMERICAN CAPITAL FUNDING
  • Previous Mortgage Transaction Date: Dec 06, 2001
  • Previous Mortgage Loan Amount: $118,047
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Dec 01, 2031

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Frequently Asked Questions

What neighborhood is 847 East 40th Place located in?
The 847 East 40th Place is a located in the neighborhood of South LA in South LA, Los Angeles.
What is the average sales price for listings in 847 East 40th Place?
The average sales price for units in 847 East 40th Place is $0 currently.

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