Listed By:
Juana Luna Lopez with Victoria Premier Realty; 562-536-9355
Address
602 W 40th Place 3, Los Angeles, CA
Price
$ 1,799,999
Property Attributes
  • MLS#DW23162842
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90037
  • StyleTriplex
  • Price$ 1,799,999
  • Bedrooms30
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3692
  • Lot Size6,752 SqFt
Data Source:
California Regional MLS (CRMLS)
Property 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 Museum of Los Angeles County. Property will be delivered with tenants in all units. Tenants are current with rent.

Price History
9/2/2023 Listed $1,799,999

General Features

Sewer PublicSewer
Zoning LARD1.5
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1908
Stories 2
Levels Two
Unit Number 3
Property SubType Triplex
Gross Income 76000.0
Community Features Sidewalks,Urban
County Los Angeles
Net Operating Income 76000.0
Operating Expense 10000.0
Insurance Expense 1500.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status Active
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
City Los Angeles
Entry Location first floor
View Y/N No
Senior Community Y/N No
Total Units 3
MLS Area C42 - Downtown L.A.
Lot Size Square Feet 6750.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name 40th
Property Attached Y/N Yes
Land Lease Y/N No
Electric Expense 0.0
Home Warranty Y/N No
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 91
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 42
Property Sub Type Additional Triplex
MobileHomeRemainsYN No

Interior Features

Flooring Laminate,Tile
Fireplace Features None
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Place
Laundry Features None
Entry Level 1
Electric On Property Y/N No

Exterior Features

Parking Features OnSite
Water Source Public
Total Parking 0.0
Lot Size Area 6750.0
Number of Buildings 2
Spa No
Building Area Total 3692.0
Lot Size Acres 0.155
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90037

Price
AVG $1.24M
$1.8M
Visits
AVG 97
165
Data Provided by Inside Real Estate®
Year Built
AVG 1931
1908