Triplex with On-Site
For Sale
$1,600,000
602 W 40th Pl, Los Angeles, CA 90037
Three-unit residential property with a two-level front residence and a newer rear unit.
Property Size3,692 SF
Days on Market179
Property Features for 602 W 40th Pl
General Information
Standard status
Active
Size
3,692 SF
Total Parking Spaces
8
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x front unit: 6BR/3BA, 1 x rear unit: 4BR/2BA
Multifamily Units
3
Building Details
Building Size
3,692 SF
Year Built
1908
Listing Agency:
Keller Williams Realty A.V.
Listed By:
Julio Villatoro · License #02015957
(818) 431-1465
Source:
Jademillsestates
Added: Apr 23
Changed: Oct 13
Last Checked: Oct 16 at 6:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty A.V.
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Investment Insights
Based on property information with market context.
This triplex includes a two-level front residence with 6 bedrooms and 3 bathrooms, along with a rear residence completed in 2005 that provides 4 bedrooms and 2 bathrooms. On-site parking accommodates up to 8 vehicles. The property was originally built in 1908.
The asset is located at 602 W 40th Pl in Los Angeles, near BMO Stadium and the University of Southern California. The Los Angeles Memorial Coliseum and Natural History Museum of Los Angeles County are also nearby.
The asset is located at 602 W 40th Pl in Los Angeles, near BMO Stadium and the University of Southern California. The Los Angeles Memorial Coliseum and Natural History Museum of Los Angeles County are also nearby.
Key Highlights
- Triplex with a two‑level front residence
- Front residence includes 6 bedrooms and 3 bathrooms
- Rear residence completed in 2005 with 4 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,684
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,680
$1.2M
Cap Rate 7%
$881,200
$881.2K
Cap Rate 9%
$685,378
$685.4K
Market Conditions
NOI Build-Up for 3,692 SF
Gross rent
$90.4K $24.48/SF
− Vacancy
−$2.3K −$0.61/SF
EGI
$88.1K $23.87/SF
− OpEx
−$26.4K −$7.16/SF
NOI
$61.7K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,680
Cap Rate 7%
$881,200
Cap Rate 9%
$685,378
Alternative Uses
Best Use
Multifamily LT 5
$881.2K
$771.1K – $1.03M
NOI $61,684 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$783.2K
$685.3K – $913.8K
NOI $54,826 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,266 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with a two-level front residence and a newer rear unit.
Where is this triplex located?
The property is located at 602 W 40th Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Triplex with a two‑level front residence; Front residence includes 6 bedrooms and 3 bathrooms; Rear residence completed in 2005 with 4 bedrooms and 2 bathrooms
