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502 West 40th Street, San Pedro, CA 90731 Property Information

502 West 40th Street, San Pedro, CA 90731 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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502 West 40th Street, San Pedro, CA 90731
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Address

Primary address 502 West 40th Street, San Pedro
Alternate address(es) 3931 S Pacific Ave
3939 S Pacific Ave
3941 S Pacific Ave
Zip code 90731
County Los Angeles
Municipality Los Angeles
Neighborhood San Pedro

Sales & Tax Overview for 502 West 40th Street, San Pedro

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Current property tax $22,216

Lot & Building Information for 502 West 40th Street, San Pedro

Building sqft 11,177
Building class Five or More Apartments or Units - 4 Stories or Less with Pool (0501)
Acreage 0.301
Units 12
Year built 1964
Year last altered 1971
Stories 4
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
Weed hazard No
School district Los Angeles Unified School District

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Other Property Data for 502 West 40th Street, San Pedro

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About 502 West 40th Street, San Pedro

What is the year built & the total sq. ft. for 502 West 40th Street, San Pedro, CA 90731?

502 West 40th Street, San Pedro, CA 90731 was built in 1964 and has a total of 11,177 square feet.

What is the assessed value of 502 West 40th Street, San Pedro, CA 90731 and the property tax paid?

Assessed at $1,679,195, the tax amount paid for 502 West 40th Street, San Pedro, CA 90731 is $19,938.

When was 502 West 40th Street, San Pedro, CA 90731 last sold?

502 West 40th Street, San Pedro, CA 90731 was last sold in 03/01/2002.

How many residential units does this building have?

This building has 12 residential unit(s).

Ownership Information

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Real Estate Reports:
Laura Pop-Badiu, May 07, 2026 Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Renters became the primary drivers of long-distance mobility across the largest U.S. cities, moving 3.7 times more than owners in 2024, as high mortgage rates and housing costs kept many homeowners in place.
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Apr 15, 2026 2026 Q1 Foreclosure Report: Brooklyn Filings Fall Sharply, Bronx & Staten Island Hit New Peaks
Behind a deceptively mild citywide downtick, borough foreclosure markets pulled into significantly diverging paths as Brooklyn cases were nearly halved and the Bronx hit a new, record high. Meanwhile, Queens remained unchanged, Staten Island surged back up and Manhattan cooled slowly.
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Past Sales & Property History for 502 West 40th Street, San Pedro

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No recorded sales for this property.

Title Documents for 502 West 40th Street, San Pedro

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Date Type Amount Party 1 Party 2 Maturity Document Doc image
09/23/2020 Affidavit
(File correction - Single parcel sale)
03/29/2018 Power Attorney
10/12/2011 Assignment of Lease
Assignment of Rents
Financing Statement
Trust Deed
12/06/2006 Reconveyance
03/01/2002 Deed
(File correction - Single parcel sale)
05/16/2000 Deed
(File correction - Single parcel sale)
03/08/2000 Deed
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R: Recorded date
D: Document date

Property Taxes for 502 West 40th Street, San Pedro

Access detailed property tax data for 502 West 40th Street, San Pedro, CA 90731. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Base tax $19,939
Current property tax $22,216
Market value $1,679,195

Special Assessments And Penalties for 502 West 40th Street, San Pedro

Special Assessments

Abatements, financial assistance programs and non-ad valorem taxes levied as special taxes/direct assessments are applicable for this property.

Code Description Tax levied
06181 Greater L.A. County Vector Control District
00194 Health License Fees
03694 La County Regional Park And Open Space District
18851 Los Angeles City Light Maintenance
03071 Los Angeles County Flood Control

Assessment History for 502 West 40th Street, San Pedro

Here's the assessment & property tax history for 502 West 40th Street, San Pedro, including the evolution of the total tax rate and corresponding property tax.

Year Assessment value Total tax rate Property tax Year over year change
2025-2026 $1,679,195 1.1874 $19,939 +0.95%
2024-2025 $1,646,280 1.1997 $19,750 -50.46%
2023-2024 $3,324,274 1.1994 $39,871 +4.97%
2022-2023 $3,259,102 1.1655 $37,985 +1.16%
2021-2022 $3,195,207 1.1752 $37,550 +156.69%

Permits for 502 West 40th Street, San Pedro

The complete history of permits filed for 502 West 40th Street, San Pedro, including new construction or demolition permits, complaints, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Issued Permit Type Sub type Valuation Expires Status
08/29/2024
06/27/2024
02/13/2020
02/03/2020
10/18/2019
01/16/2003
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Los Angeles residential market stats

Median Sale Price
$1,000,000
1% YoY
Median Price/Sqft
$663
1.5% YoY
Los Angeles County Median Sale Price
$872,000
0.2% YoY

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Demographics by Zip Code

Total population 61,944
Median age 38.6
Average household income $103,382
Family households 61.5%
Occupied housing units 23,185
Owner occupied units 32.6%
Average number of people per household 2.57
Median year structure built 1965
Median value for units with a mortgage $851,100
Median value for units without a mortgage $850,600

Risk

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FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Faults and tsunami inundation zone map
Landslides and liquefaction map
Earthquake-induced liquefaction area

Transportation

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Neighbors for 502 West 40th Street, San Pedro

Here are the neighbors for 502 West 40th Street, San Pedro.

Address Square feet Purchase date Purchase price
3916 S Carolina St, San Pedro 3,528 12/12/2006
564 W 40th St, San Pedro 2,878 02/25/2026
427 W 39th St, San Pedro 1,096 01/10/2014 $641,000
3935 Bluff Pl, San Pedro 5,401 11/17/2016
3922 S Pacific Ave, San Pedro 4,404 06/23/2016
456 W 40th St, San Pedro 1,062 06/05/2006
618 W 40th St, San Pedro 1,857 01/16/2020 $1,070,000
572 W 40th St, San Pedro 1,710 04/05/2004
3900 S Carolina St, San Pedro 1,911 02/14/2025
602 W 40th St, San Pedro 2,764 04/18/2016
469 W 39th St, San Pedro 3,652 03/01/2012
434 W 40th St, San Pedro 2,342 06/28/2012
582 W 40th St, San Pedro 1,922 02/11/2011
457 W 39th St, San Pedro 1,332 06/11/2014
3912 S Carolina St, San Pedro 1,932 12/05/2016
558 W 40th St, San Pedro 1,908 12/20/2019 $1,128,000
483 W 39th St, San Pedro 1,112 03/09/2022 $1,500,000
3923 Bluff Pl, San Pedro 5,377 01/28/2026
444 W 40th St, San Pedro 1,748 11/10/2020 $785,000
612 W 40th St, San Pedro 1,047 05/22/2025

Nearby ZIP Codes for 502 West 40th Street, San Pedro

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