602 West 40th Place

Los Angeles, CA 90037

$1,799,999
Price
10
Beds
5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Great investment opportunity! This property offers the perfect combination of location and investment potential. This highly sought after property consist of three units. The front units has 4 bedrooms and 2 bathrooms on the first floor and 2 bedrooms and 1 bath on the 2nd floor. The 2 story rear unit was built in 2005 and has 4 bedrooms and 2 baths. Ideally located just steps from the BMO Stadium and a short walk to University of Southern California, Los Angeles Memorial Coliseum, and Natural History...Great investment opportunity! This property offers the perfect combination of location and investment potential. This highly sought after property consist of three units. The front units has 4 bedrooms and 2 bathrooms on the first floor and 2 bedrooms and 1 bath on the 2nd floor. The 2 story rear unit was built in 2005 and has 4 bedrooms and 2 baths. Ideally located just steps from the BMO Stadium and a short walk to University of Southern California, Los Angeles Memorial Coliseum, and Natural History Museum of Los Angeles County. Property will be delivered with tenants in all units. Tenants are current with rent.
  1. Listed by Juana Luna Lopez • DRE #02018975 • Brokerage DRE #01361269 • Victoria Premier Realty

Property Details for 602 West 40th Place

City Postal ID
LOS ANGELES (90037)

Location

Listing Courtesy of Victoria Premier Realty, Juana Luna Lopez, DRE #02018975
Add your commute
LISTING UPDATED: 03/02/2024 09:20 PM

Property Details for 602 West 40th Place

StatusActive
MLS #DW23162842
Days on Market237
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units
Year Built-
Lot Size0.15 AC / 6,751 SF
CountyLos Angeles County

Location

Listing Courtesy of Victoria Premier Realty, Juana Luna Lopez, DRE #02018975
Add your commute

Building Information for 602 West 40th Place

Stories2Residences-Year Built-Building Size-Lot Size0.15 AC / 6,751 SF

Payment Calculator

$10,809 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$986

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 602 West 40th Place

Summary Information
Property and Location
  • System ID: 306007713
  • Class: 2-4 UNITS
  • Levels: 2 Story
  • Street Number Numeric: 602
  • Street Direction: W
  • Street Name: 40th Place
  • Directions To Property: Take the I-110S/CA-110 N exit. Merge onto I-110 S. Take exit 20A for Martin Luther King Jr. Blvd toward Coliseum. Turn rignt ont
HOA and Fees
  • Home Owner Fees: $0
  • CFD/Mello-Roos Fee: $0
  • CFD/Mello-Roos Fee Reflct: Year
Supplement
  • Supplement: GREAT INVESTMENT OPPORTUNITY! This property offers the perfect combination of location and investment potential. This highly sought after property consist of three units. The front units has 4 bedrooms and 2 bathrooms on the first floor and 2 bedrooms and 1 bath on the 2nd floor. The 2 story rear unit was built in 2005 and has 4 bedrooms and 2 baths. Ideally located just steps from the BMO Stadium and a short walk to University of Southern California, Los Angeles Memorial Coliseum, and Natural History Museum of Los Angeles County. Property will be delivered with tenants in all units. Tenants are current with rent.
Interior and Exterior Features
Exterior Features
  • Pool: N/K
Property Information
Property and Assessments
  • Total Stories: 2
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: Assessor Record
  • Site: Sidewalks
  • Zoning: Assessor
  • Assessors Parcel Num: 5019023004
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1
  • Unit 1 Num of Bedrooms: 10
  • Unit 1 Num of Total Baths: 5
  • Unit 1 Rent Actual: $6,337

Property History for 602 West 40th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 602 West 40th Place

Taxable ValueLand$649,101Additions$290,890Total$939,991
Tax Record2023$11,831 ($986 / month)
Home Facts
Total Finished SqFt3,692 SqFtAbove Grade Finished SqFt3,692 SqFtLot Size6,750 SqFtStyleTriplexYear Built1908ZoningLARD1.5CountyLOS ANGELESAPN5019-023-004

Schools near 602 West 40th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 9
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Menlo Avenue Elementary School
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 9

Manual Arts Senior High School
Public9 to 12

Global Education Academy
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

602 West 40th Place is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on September 2, 2023 by Victoria Premier Realty, it's currently listed at $1,799,999. This listing's school district is Los Angeles Unified School District. Nearby schools include Menlo Avenue Elementary School, Barack Obama Global Preparation Academy and Manual Arts Senior High School. 602 West 40th Place is a 10-bed, 5-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Victoria Premier Realty, Juana Luna Lopez, DRE #02018975

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.