Active

440 E 27th

Los Angeles, CA 90011
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt7,312

Sqft

SqFt6,253

Sqft(Lot)

Investment Highlights • Comprehensive 2024 Gut Renovation with New COFO: The entire building was gut renovated, resulting in a new Certificate of Occupancy issued in 2024. Over $1.2 million in capital improvements were completed, including all-new plumbing, electrical systems, drywall, paint, flooring, and cabinetry. This turnkey status provides investors with a high-quality asset and minimal immediate maintenance requirements. • Proven Micro-Unit Model with Strong Rental Yield: The building features 23 units comprised primarily of micro-units (87% studios) designed to serve budget-oriented residents in Los Angeles. This high-efficiency model yields an impressive rent of $4.94 per square foot, justifying the property's valuation through proven rental demand for smaller, affordable livin g spaces. • Immediate Financial Performance and High Returns: At an asking price of $3,150,000, the property offers a current CAP rate of 8.07% and a 10.12% Cash-on-Cash return. This performance significantly exceeds the market average CAP rate of 7.11%, making it an exceptional opportunity for investors seeking robust, immediate cash flow. • Substantial Built-In Revenue Upside: There is significant potential for growth, with the pro forma CAP rate projected at 8.55% and a Cash-on-Cash return of 11.72%. Financial projections show that monthly income can grow from the current $33,661 to a market rate of $41,375, representing a nearly 23% revenue increase as legacy leases are marked to market. • Strategic Location in Historic South Central Hub: Located at 440 E 27th Street, the property is nestled in a thriving rental hub near the University of Southern California (USC) and major transit routes like the Expo Line. The neighborhood is experiencing active revitalization and sits within a demographic area projected to have an average household income of $81,857 within a 3-mile radius by 2026.

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Detail Ic Property Details

Property Type : Residential Income

Price : $3,150,000

AD Id : 75566270

MLS Id : SR26039501

Lot Size : 6,253 Sqft

Living Area Size : 7,312

Year Built : 1925

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Flat Interior Features: Ceiling Fan(s),Multiple Staircases,Quartz Counters Property Appliances: Gas Oven,Gas Range,Refrigerator Fireplace: None Flooring: Laminate
  • Cooling Features

    None Air Conditioning

    Heating Source

    Natural Gas,Wall Furnace Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1925 Building Area Total: 7,312 Construction: Drywall,Frame,Stucco Roof: Flat
  • Security Features

    Closed Circuit Camera(s),Carbon Monoxide Detector(s),Fire Rated Drywall,Smoke Detector(s)
  • Pool Features

    None

    Laundry Features

    Common Area

    Fencing

    Wrought Iron

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1435
  • Lot Size Source: Assessor Lot Size Square Feet: 6253

  • Listing Price Information

    Original List Price: 3,150,000 Listing Contract Date: 2026-02-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5128009006

  • Garage and Parking

    Garage Description: None

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Cable TV,Electricity

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Directions: I-10E to South on Maple Ave to Left on 27th Street Zoning: RD1.5-1 Source Property Type: Residential Income Area: C42 - Downtown L.A. Property SubType: Apartment
  • Building and Construction

    Property Age: 101 Common Walls: No Common Walls Property Condition: Updated/Remodeled,Turnkey Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 27th Street Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1432 E 25th Street, Los Angeles, CA, 90011 $14,000,000 55 -- 26,048 26,048 SqFt
1325 E Adams Boulevard, Los Angeles, CA, 90011 $1,095,000 7 -- 2,838 2,838 SqFt
4610 Compton Avenue, Los Angeles, CA, 90011 $1,200,000 5 -- 3,124 3,124 SqFt
1132 E 27th Street, Los Angeles, CA, 90011 $960,000 6 4 1,486 1,486 SqFt
856 E 22nd Street, Los Angeles, CA, 90011 $1,150,000 5 -- 4,219 4,219 SqFt
2411 Griffith Avenue, Los Angeles, CA, 90011 $547,000 -- -- 1,064 1,064 SqFt
1348 E Vernon Avenue, Los Angeles, CA, 90011 $2,345,000 17 -- 5,927 5,927 SqFt
5426 Compton, Los Angeles, CA, 90011 $849,900 -- -- 4,186 4,186 SqFt
1013 E 28th Street, Los Angeles, CA, 90011 $996,000 12 -- 4,352 4,352 SqFt
805 E 25th St, Los Angeles, CA, 90011 $930,000 9 4 3,126 3,126 SqFt

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ByOwner last updated this listing 06/08/2026 @ 07:33

MLS: SR26039501 LISTED BY: Logan Altman, Altman Apartments LLC 310-903-0222 SOURCE: CRMLS

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