Active

440 E 27th

Los Angeles, CA 90011
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Bed 1

Bed

Bath 2

Bath

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 $5.28 per square foot, justifying the property's valuation through proven rental demand for smaller, affordable liv ing spaces. • Immediate Financial Performance and High Returns: At an asking price of $3,000,000, the property offers a current CAP rate of 6.62% and a 5.29% Cash-on-Cash return, with substantial mark-to-market upside as legacy leases are brought to the property’s own recently-achieved renovated rents. • Substantial Built-In Revenue Upside: There is significant potential for growth, with the pro forma CAP rate projected at 8.19% and a Cash-on-Cash return of 10.52%. Financial projections show that monthly income can grow from the current $34,290 to a market rate of $38,337, representing an approximately 12% 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 : ResidentialIncome

Price : $3,000,000

AD Id : 75566270

MLS Id : SR26039501

Beds : 1

Lot Size : 6,253 Sqft

Year Built : 1925

County : Los Angeles

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Feature Features

  • Interior Features

    CeilingFans, MultipleStaircases, QuartzCounters
    Roof: Flat
    Appliances: GasOven, GasRange, Refrigerator
    Laundry Features: CommonArea
  • Heating & Cooling

    Has Heating: Yes Heating: NaturalGas, WallFurnace Cooling: None

  • Building Information

    Year Built: 1925
    Building Area Total: 7312
    Construction Materials: Drywall, Frame, Stucco
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: Mountains, Neighborhood

  • Lot Information

    Main Square Feet: 6253 Lot Size Acres: 0.1435 Lot Size Source: Assessor Lot Size Square Feet: 6,253 Lot Description: Level,Over40UnitsAcre,NearPublicTransit,RectangularLot

  • Listing Price Information

    Listing Price: $3000000
    Original Price: $3150000
    Cash, CashToNewLoan, Conventional, Submit

  • Tax Information

    Parcel Number: 5128009006 Tax Lot: 6 Tax Block: 7

  • Utility Information

    CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: I-10E to South on Maple Ave to Left on 27th Street WaterSource: Public Security Features: ClosedCircuitCameras,CarbonMonoxideDetectors,FireRatedDrywall,SmokeDetectors
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Nearby Home Value

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1335 1337 E Adams, Los Angeles, CA, 90011 $2,100,000 14 5 4,266 6,743 Sqft
1325 E Adams Boulevard, Los Angeles, CA, 90011 $1,070,000 7 6 2,838 6,315 Sqft
1601 E 43rd, Los Angeles, CA, 90011 $595,000 3 2 1,100 5,504 Sqft
1580 E 45th Street, Los Angeles, CA, 90011 $670,000 4 2 1,210 5,202 Sqft
4439 Lima Street, Los Angeles, CA, 90011 $600,000 3 2 1,013 3,769 Sqft
1471 E 41st, Los Angeles, CA, 90011 $750,000 3 2 -- 4,829 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/11/2026 @ 11:31

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

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