Triplex with On-Site
602 West 40th Place Unit 3 Los Angeles, CA 90037
602 West 40th Place Unit 3, Los Angeles, CA, 90037
$1,600,000
For Sale
$1,600,000
Triplex offering a two-level front unit with 6 bedrooms and 3 baths plus a 2005 rear unit with 4 bedrooms and 2 baths.
Property Size3,692 SF
Price / SF$433.37
Days on Market103
Property Features for 602 West 40th Place Unit 3
General Information
- Standard status
- Active
- Size
- 3,692 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1908
Listing agency
Keller Williams Realty A.V.
(818) 431-1465
Listed by
Julio Villatoro · License #02015957
(818) 431-1465
Source
Compass
Added: Apr 12 Updated: Jul 23 at 4:43AM Checked: Jul 23 at 4:43AM
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.
Investment Insights
Based on property information with market context.
This triplex provides a versatile unit mix for income use. The large front unit is configured with 6 bedrooms and 3 bathrooms across two levels. A newer rear unit (built in 2005) adds 4 bedrooms and 2 bathrooms. The property also includes a large on-site parking area with space for up to 8 vehicles.
Located in Los Angeles near BMO Stadium and the University of Southern California, the property offers convenient access to Los Angeles Memorial Coliseum and the Natural History Museum of Los Angeles County.
With its combination of two separately configured living areas and dedicated parking, the property is positioned to support tenant convenience and straightforward residential income management.
Located in Los Angeles near BMO Stadium and the University of Southern California, the property offers convenient access to Los Angeles Memorial Coliseum and the Natural History Museum of Los Angeles County.
With its combination of two separately configured living areas and dedicated parking, the property is positioned to support tenant convenience and straightforward residential income management.
Key Highlights
- Triplex with a two‑level front unit offering 6 bedrooms and 3 bathrooms.
- Rear unit built in 2005 with 4 bedrooms and 2 bathrooms.
- On‑site parking area with space for up to 8 vehicles.
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex offering a two-level front unit with 6 bedrooms and 3 baths plus a 2005 rear unit with 4 bedrooms and 2 baths.
Where is this triplex located?
The property is located at 602 West 40th Place Unit 3 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 unit offering 6 bedrooms and 3 bathrooms.; Rear unit built in 2005 with 4 bedrooms and 2 bathrooms.; On‑site parking area with space for up to 8 vehicles.
