Los Angeles Triplex Near
602 W 40th Place Los Angeles, CA 90037
For Sale
$1,600,000
MULTI_FAMILY - Los Angeles, CA
Property Size3,692 SF
Lot Size0.16 Acres
Price / SF$433.37
Days on Market99
Property Features for 602 W 40th Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Lard1 5
Bedrooms
10
Bathrooms
5
Rooms
Bathroom 1, Bedroom 10, Bedroom 1, Bedroom 4, Bathroom 5, Bedroom 8, Bedroom 6, Bedroom 7, Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 9, Bathroom 3
Standard status
Active
APN
5019-023-004
Size
3,692 SF
Lot size
0.16 Acres
Building Details
Year built
1908
Number of units
3
Building materials
Stucco, Wood Siding, Shingle Siding
Listing Agency:
Keller Williams Realty A.V.
(661) 538-2800
Listed By:
Julio Villatoro · License #02015957
(818) 431-1465
Added: Apr 23
Changed: Jul 28
Last Checked: Jul 30 at 2:06AM
MLS# 26003295
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex in Los Angeles presents an income-producing opportunity. The property features a unit mix that includes a front unit with 6 bedrooms and 3 bathrooms across two levels. A rear unit, constructed in 2005, offers 4 bedrooms and 2 bathrooms. On-site parking is available for up to 8 vehicles. The property is located near BMO Stadium and the University of Southern California, with access to the Los Angeles Memorial Coliseum and the Natural History Museum of Los Angeles County. The lot size is 0.16 acres, and the property size is 3692 square feet. The zoning is Lard1 5.
Key Highlights
- Triplex with a versatile unit mix: front unit has 6 bedrooms and 3 bathrooms across two levels
- Rear unit built in 2005 offers 4 bedrooms and 2 bathrooms
- Total configuration includes 10 bedrooms and 5 bathrooms across the property
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.4k | $24.48 |
| − Vacancy | −$2.3k | −$0.61 |
| EGI | $88.1k | $23.87 |
| − OpEx | −$26.4k | −$7.16 |
| NOI | $61.7k | $16.71 |
3,692 SF · lease $24.48/SF/yr · vacancy 2.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Income-producing triplex near USC with ample parking.
Where is this triplex located?
The property is located at 602 W 40th Place 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 versatile unit mix: front unit has 6 bedrooms and 3 bathrooms across two levels; Rear unit built in 2005 offers 4 bedrooms and 2 bathrooms; Total configuration includes 10 bedrooms and 5 bathrooms across the property
