602 West 40th Place, Unit 3

Los Angeles, CA 90037

$1,799,999
Price
10
Beds
15
Baths
3,692 Sq. Ft.
$488 / Sq. Ft.
3,692
Sq. Ft.
$488
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 • 562-536-9355

Property Details for 602 West 40th Place, Unit 3

Parking Spaces Total
0
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3692
Assessor Parcel Number
5019-023-004
Property Attached YN
true

Location

Listing Courtesy of Victoria Premier Realty, Juana Luna Lopez, DRE #02018975
Add your commute
LISTING UPDATED: 03/02/2024 01:29 AM

Property Details for 602 West 40th Place, Unit 3

StatusActive
MLS #DW23162842
Days on Market236
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1908
Lot Size0.15 AC / 6,750 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, Unit 3

Stories2Residences-Year Built1908Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$9,823 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 602 West 40th Place, Unit 3

Income / Expense / Tax Details
Income Details
  • Gross Income: $76,000
  • Gross Scheduled Income: $76,000
  • Net Operating Income: $76,000
Expense Details
  • Operating Expense: $10,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,500
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 056
  • Tax Census Tract: 2317.20
  • Tax Lot: 42
Community / Development
Community / Development
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Flooring: Laminate, Tile
Exterior Features
  • Entry Location: first floor
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: On Site
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 10
  • Unit Type Baths Total: 5
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $6,337
  • Unit Type Total Rent: $6,337
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 602 West 40th Place, Unit 3

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 602 West 40th Place, Unit 3

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.

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602 West 40th Place, Unit 3 is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on August 30, 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, Unit 3 is a 10-bed, 15-bath, 3,692 sqft multi-family home built in 1908.

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.