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602 W 40th Pl, Los Angeles, CA 90037
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602 W 40th Pl Los Angeles, CA 90037

$1,799,999
  • 30 Beds
  • 15 Baths
  • 3,692 Sq.Ft.
For Sale
$1,799,999 Get Pre-Qualified
Map preview of 602 W 40th Pl, Los Angeles, CA 90037

Property Overview: 602 W 40th Pl Los Angeles, CA has 30 bedrooms, 15 bathrooms, 3,692 living square feet and 6,750 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Juana Luna Lopez | BRE #02018975 | Victoria Premier Realty
Last checked: 51 seconds ago | Last updated: March 2nd, 2024 | Source CRMLS | DOM: 235
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Home details

Lot Sq. Ft
6,750
HOA Dues
$0/mo
Year built
1908
Garage
--
Property Type:
Triplex
Status
Active
MLS#
DW23162842
City
Los Angeles
County
Los Angeles
Time on Site
254 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 10
  • # of Baths: 5
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,337
  • Total Rent: $6,337
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $76,000
  • Net Operating Income: $76,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $10,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,500
  • Water/Sewer: $0

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Property Details for 602 W 40th Pl

Interior Features
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: On Site
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 5019023004
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 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 onto Martin Luthern King Jr Blvd, turn left onto S Figueroa St.. Turn right onto W 40th Pl.
Neighborhood Information
  • Community Features: Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 602 W 40th Pl

Last sold for $190,000 on March 19th, 1996

  • September, 2023

  • Sep 2, 2023

    Date

    Active

    CRMLS: DW23162842

    $1,799,999

    Price

  • March, 2022

  • Mar 29, 2022

    Date

    Active

    CRMLS: SR22061948

    $149,900

    Price

  • Listing provided courtesy of CRMLS

    Amazing Investment Opportunity you don't want to miss! Subject property is a TRIPLEX Located in a very high demand rental area, minutes away from Downtown, minutes from USC, L and within walking distance to Banc of California Stadium. BY APPOINTMENT ONLY. Do not disturb Tenants. Property is being Sold As Is, main unit offers 4+2 , top level 2+1 , Back unit offers also two levels, bottom level 2+1 and top level 2+1. separate Electrical and Gas meters, Plenty of parking in the back. Please submit offers subject to Inspection. Agent to verify ALL information to satisfy Buyer. Close to everything, Freeway, Entertainment, shopping and medical facilities.

  • July, 2021

  • Jul 21, 2021

    Date

    Active

    CRMLS: DW21154419

    $1,500,000

    Price

  • Jul 15, 2021

    Date

    Coming Soon

    CRMLS: DW21154419

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    This amazing triplex is located in a high-demand rental area. In the Front unit, the bottom level is a 4/2 and the top level is a 2/1. The back unit is also 2 levels which are both 2/1. This property has plenty of parking and is conveniently located near USC, LA Memorial Coliseum, Banc of California Stadium, and fwys.

  • July, 2021

  • Jul 7, 2021

    Date

    Expired

    CRMLS: SR21063237

    $1,599,990

    Price

  • May 24, 2021

    Date

    Withdrawn

    CRMLS: SR21063237

    $1,599,990

    Price

  • Apr 6, 2021

    Date

    Active

    CRMLS: SR21063237

    $1,599,990

    Price

  • Listing provided courtesy of CRMLS

    LOCATION, LOCATION!! Triplex!!! LIVE IN ONE AND RENT THE OTHERS FOR INCOME!!!Perfect for a big family and/or Investor. Unit#1, 4 Bedroom 2 Bathroom all bedrooms downstairs. Unit#2, 2 bedroom 1 bath upstairs. Unit#3 newer building behin constructed in 2005 with 4 bedroom 2 bath. The two buildings have been updated and Ready for Top Dollar Rental. Plenty of parking in the back for up to 6 cars and 2 parking spaces front yard. Potential to live in the Big House or the Smaller House for Maximum Dollar Income. Separate Electrical and Gas Meters. Located Bike Distance to USC, Transportation Lines, DownTown LA, Coliseum, Museums and Much Much More.

  • March, 1996

  • Mar 19, 1996

    Date

    Sold (Public Records)

    Public Records

    $190,000

    Price

  • September, 1995

  • Sep 18, 1995

    Date

    Sold (Public Records)

    Public Records

    $87,000

    Price

Show More

Tax History for 602 W 40th Pl

Assessed Value (2020): $569,023
Year Land Value Improved Value Assessed Value
2020 $345,287 $223,736 $569,023

Home Value Compared to the Market

This property vs the competition

602 W 40th Pl is listed 44.12% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $487.54 per/sqft which puts the price per square foot 37.01% lower than the median price per square foot for the city of Los Angeles.

About 602 W 40th Pl

Detailed summary of property

602 W 40th Pl is a triplex located in Los Angeles, CA 90037 and is currently for sale. This triplex offers 30 bedrooms, 15 bathrooms, roughly 3,692 living square feet, and sits on an approximately 6,750 square foot lot. 602 W 40th Pl was first listed on ArdentRealEstateGroup.com on September 2, 2023. The homeowner is currently asking $1,799,999. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 44.12% higher than the median priced home. Local competing homes currently for sale include 140 E 47th Pl, 1302 W 35th Pl and 229 W 28th St. While the average home in Los Angeles, CA is selling in 93 days, 602 W 40th Pl has a days on market of 235 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 602 W 40th Pl Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 602 W 40th Pl

Public county record property details
Beds
5
Baths
3
Year built
1908
Sq. Ft.
3,692
Lot Size
6,749
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
41,42
APN
5019-023-004

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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