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$1,799,999   Price Analysis
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602 W 40th Pl
Los Angeles, CA 90037
Unknown bed 15 bath 3,692 SqFt ($487/SqFt)
6,750SqFt lot. Built 1908
Listed 2023-09-02, Taxes $11,294
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

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 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. P roperty will be delivered wth tenants in all units. Tenants are current with rent.


Presented by Juana Luna at
Victoria Premier Realty.


Property MLS #DW23162842 from CRMLS

Full Bathrooms: 15

Flooring: Laminate, Tile

Lot Description: Lot 6500-9999
Lot Size Acres: 0.1549587
Lot Size Source: Assessor
Lot Size Square Feet: 6750

Parking Features: Parking YN: Yes, Parking Features: On Site

Number of Units: 3
Bedrooms in Unit-1: 10
Total Bathrooms in Unit-1: 5

Calculated Total Monthly Association Fees: 0

Rent Control: Yes

Community Features: Sidewalks, Urban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 1500.00
Area: C42 - Downtown L.A.
Source Neighborhood: C42 - Downtown L.A.
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 5019023004
Postal Code Plus 4: 2006
Zoning: LARD1.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$284,951 + $636,374
$921,325
$11,294
2021$225,811 + $348,864
$574,675
$7,279
2020$223,496 + $345,287
$568,783
$7,347
2019$219,114 + $338,517
$557,631
$7,069
2018$272,518 + $282,804
$555,322
$7,054
2017$267,175 + $277,259
$544,434
$6,908
2016$261,937 + $271,823
$533,760
$6,719
2015$258,003 + $267,740
$525,743
$6,624
2014$252,950 + $262,496
$515,446
$6,664
2013$251,807 + $261,310
$513,117
$6,659
2012$246,870 + $256,187
$503,057
$6,748
2010$242,030 + $251,164
$493,194
$6,623
2009$240,793 + $249,880
$490,673
$6,364
2009$240,222 + $249,287
$489,509
$6,364
2008$236,072 + $244,981
$481,053
$6,100
2007$231,444 + $240,178
$471,622
$5,891

Listed 2023-09-02
$1,799,999
CRMLS
Listing removed 2022-10-02
$0
GreaterAntelope
Listing removed 2022-10-01
$1,499,900
CRISNET
Listed 2022-03-29
$1,499,900
CRISNET
Listed 2022-03-29
$1,499,900
GreaterAntelope
Listing removed 2022-01-12
$0
CRMLS
Listed 2021-07-21
$1,500,000
CRMLS
Listing removed 2021-07-07
$1,599,990
CRISNET
Listing removed 2021-05-25
$1,599,990
CRISNET
Listed 2021-04-07
$1,599,990
CRISNET
Sold 1996-03-19
$190,000
Public Record
Sold 1995-09-18
$87,000
Public Record
Sold 1990-08-21
$135,000
Public Record
Sold 1989-09-19
$110,000
Public Record

Net Operating Income: 76000.00

Total Square Feet Living: 3692
Year Built: 1908
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: first floor
Property Age: 116
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Triplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

Menlo Avenue Elementary School is a public elementary school located approximately 0.4 miles away.
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Manual Arts Senior High School is a public high school located approximately 0.6 miles away.
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Barack Obama Global Preparation Academy is a public middle school located approximately 1.6 miles away.
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St. Cecilia Elementary School is a private elementary and middle school located approximately 0.9 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.