1497 W 27th, Los Angeles, California 90007, Los Angeles, 90007 - 0 bed, 0 bath
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1497 W 27th
Los Angeles, California 90007
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,094Sq Ft
7,021Lot Size
Property Price
LIST PRICE$1,100,000
EST. MARKET VALUE
$1,068,549
SUMMARY
This High-Potential Investment Opportunity is a Residential Income Triplex listed at $1,100,000, positioned slightly above the $1,068,550 Fair Market Value. While the property carries a Condition Rating of 4, its strategic location near USC and the inclusion of a vacant bungalow provide immediate rental upside. The 2,094 sqft layout, featuring a spacious patio, offers significant flexibility for value-add renovations. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on high student housing demand.
Estimated Market Value
$1,068,549
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1497 W 27th Subject | $1,100,000* List Price | 0 | 0 | 2,094 | $510 | - |
A 1340 1342 W 25th Sold | $975,000 | 0 | 0 | 1,954 | $499 | 0.3 mi |
B 1519 W 29th Active | $1,150,000 List Price | 0 | 0 | 2,550 | $451 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1924, the property is functional but dated. The bathroom features older tile work and fixtures likely exceeding 20 years in age, and the presence of window AC units suggests a lack of modern central HVAC. The exterior siding and plumbing show signs of wear consistent with a property that has not had a major renovation in 20-30 years.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
Situated just blocks from USC and within the campus patrol zone, the property is positioned in a high-demand rental market with a consistent pool of student tenants.
- Versatile Unit Configuration
The layout featuring a detached 3-bedroom main house plus two separate bungalows offers excellent flexibility for owner-users or investors seeking multi-tenant income.
- Immediate Rental Upside
With one bungalow currently vacant, a new owner can immediately capitalize on market-rate rents or occupy the unit without the constraints of existing lease terms.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1924, the property likely requires ongoing maintenance or significant capital improvements to modernize systems and structural elements common in century-old homes.
- Compact Living Areas
With only 2,094 total square feet distributed across three units, the individual living spaces, particularly the 1-bedroom bungalows, may be perceived as small by modern standards.
About 1497 W 27th
1497 W 27th St is a versatile three-unit income property offering strong potential for investors or owner-users. The property features a spacious detached single-family residence with 3 bedrooms and 1.5 bathrooms, plus two separate 1-bedroom, 1-bath bungalows. One of the 1-bedroom bungalows is currently available, creating an immediate opportunity for a buyer to set market rent or occupy the unit. Conveniently located just blocks from USC and within the USC patrol area, this property benefits from a highly desirable rental location near campus, transportation, dining, and neighborhood amenities. An excellent asset for expanding a real estate portfolio, with multiple detached units and potential rental income upside.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1924
- Lot Size
- 7,021 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,094 | 2,187.451 |
| Lot Size | 7,021 | 5,841.385 |
| Price | $1.10M | $841.5K |
| Price per sq ft | $525 | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 23 | 85 |
Pricing History
Listed for Sale
Aug 17, 2026
$1,100,000
Initial Listing