$1,599,990
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602 W 40th Place
Los Angeles, CA 90037
Explore This Property
Multi-Family (2-4 Units)
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Triplex!!! LIVE IN ONE AND RENT THE OTHERS FOR INCOME!!!Perfect for and/or Investor. 4 Bedroom 2 Bathroom Home downstairs and 2 bedroom 1 bath upstairs with another building behin constructed in 2005 with 4 bedroom 2 bath. The two buildings have been remodeled and Ready for Top Dollar Rental. House has LOTS OF Original Woodwork Features: Built-in Buffet and China Cabinet, Butler Pantry, Wall Panels with Plate Displays, Original Doors and some Hardware, Trim, Ceiling Decor and Hardwood Floors in Excellent Condition. Has Big Front Yard and Super Cute Patio for Get-Togethers. Located in Opportunity Zone. Potential to live in the Big House or the Smaller House for Maximum Dollar Income. Remodeled Houses include Freshened Up Exterior/Interior Paint, Kitchens, Baths, Flooring, Electrical, Plumbing, Landscaping, Laundry Rooms, Extra Driveway for Parking, and Much Much More. Separate Electrical and Gas Meters. Located Bike Distance to USC, Transportation Lines, DownTown LA, Coliseum, Museums and Much Much More. Walk-the-Dog Neighborhood. Qualifies for ALL Types of Financing. Potential Rents: 5 Bedroom = $4850/Mo 2 Bedroom = $2000/Mo Each for a Total of $8,850+/Mo Rentals. Possibly More if Renting Rooms to USC Students in 5 Bedroom House over $1000/Month or more. Due to COVID: Shown by Registered Appointment Only.
MLS # SR21063237
Courtesy Of Keller Williams Realty-Antelope Valley
Property Features
- Age: Over 50 Years Old
- Architecture Style: New Traditional
- Cooling System: None
- Exterior Type: Stucco
- Floor Covering: Tile
- Roof Type: Composition Shingle
Purchase or Lease Opportunities
Traditional Mortgage
30 year mortgage at 3.38% APR
$5,662Your estimated monthly payment
$319,99820% Down Payment
$1,599,990
$1,279,992
purchase price
loan amount
Elementary School
MENLO AVENUE ELEMENTARY SCHOOL
2 stars View School Details
Grades PRESCHOOL-5 | Public School
Los Angeles, CA 90037
4156 MENLO AVE
323-232-4291
4156 MENLO AVE
323-232-4291
0.4
miles
miles
Total Students 500
Student Teacher Ratio 20:1
Student Teacher Ratio 20:1
2 stars View School Details
Middle School
BARACK OBAMA GLOBAL PREPARATION ACADEMY
Grades 6-8 | Public School
Los Angeles, CA 90062
1700 W 46TH ST
323-421-1700
1700 W 46TH ST
323-421-1700
1.6
miles
miles
Total Students 500
Student Teacher Ratio 11:1
View School Details
Student Teacher Ratio 11:1
High School
MANUAL ARTS SENIOR HIGH SCHOOL
1 star View School Details
Grades 9-12 | Public School
Los Angeles, CA 90037
4131 S VERMONT AVE
323-846-7300
4131 S VERMONT AVE
323-846-7300
0.5
miles
miles
Total Students 1469
Student Teacher Ratio 15:1
Student Teacher Ratio 15:1
1 star View School Details
Local Area Information for Los Angeles, CA 90037
| Median Age: | 32.1 |
|---|---|
| Married: | 24.0% |
| Number of Households: | 16,111 |
| Households with Children: | 7,166 |
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
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Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Weather
(in Degrees Fahrenheit)
Copyright © 2021 CRIS-Net Regional MLS (Southland). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.