440 E 27th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$3,300,000$7,312/sqft
440 E 27th Street, Los Angeles, California 90011
0Bed
0Bath
7,312Sqft
6,253Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Attractive Capitalization Rate: The property offers a highly competitive 7.7% Cap Rate, signaling strong potential for investor returns and stable cash flow.
Top Cons:
Historic Building Age: Despite recent renovations, the 1925 construction year may still present unforeseen structural or infrastructure challenges not covered, or lead to higher long-term insurance/maintenance costs.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1925 (101 years old).
Condition: Despite being built in 1925, the property has undergone a 'fully gut-renovated' transformation for 19 of its 23 units, featuring 'brand-new systems and modern finishes.' The images confirm this with modern grey wood-look laminate flooring, white shaker cabinets, dark countertops, white subway tile backsplashes, stainless steel appliances, and contemporary light fixtures. A new electrical panel is also visible. This extensive, recent renovation brings the property's condition to current quality standards, aligning with the 'Excellent' criteria for a recently renovated property with virtually new components and minimal deferred maintenance.
Year Built
1925
Close
-
List price
$3.3M
Original List price
$3.63M
Price/Sqft
$451
HOA
-
Days on market
-
Sold On
-
MLS number
PW25173070
Home ConditionExcellent
Features
Good View:
Patio
View-
About this home
Improved Pricing on this a newly remodeled 23-unit multifamily investment opportunity in the heart of Historic South Los Angeles offered at a 7.7% Cap Rate!! This upgraded residential community features a strong unit mix of 20 studios and 3 one-bedroom apartments, with 19 units fully gut-renovated and outfitted with brand-new systems and modern finishes. Residents enjoy a host of desirable amenities, including on-site laundry, high-speed Wi-Fi, and cable television—all included for added convenience. Outdoor common areas feature a half basketball court with a hoop, a picnic table, and a BBQ grill, creating a welcoming space for recreation and relaxation. The property also includes a designated smoking area and is secured with a video surveillance system. Ideal for investors seeking stable cash flow with minimal deferred maintenance, this turnkey asset offers modern living in a culturally rich and growing neighborhood.
E
Everett Wong
Listing Agent
Nearby schools
5/10
Dolores Huerta Elementary School
Public,•K-5•0.3mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.3mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.5mi
/10
Maple Primary Center
Public,•K-1•0.6mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.7mi
3/10
Trinity Street Elementary School
Public,•K-5•0.7mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.8mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.8mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.9mi
2/10
Harmony Elementary School
Public,•K-5•1.0mi
4/10
Norwood Street Elementary School
Public,•K-5•1.2mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.3mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.4mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.5mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.6mi
2/10
John W. Mack Elementary School
Public,•K-5•1.7mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.7mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.9mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.1mi
4/10
John Adams Middle School
Public,•6-8•0.4mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.7mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.0mi
3/10
George Washington Carver Middle School
Public,•6-8•1.3mi
2/10
John Muir Middle School
Public,•6-8•2.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.9mi
5/10
Santee Education Complex
Public,•9-12•0.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.2mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.2mi
3/10
Manual Arts Senior High School
Public,•9-12•1.8mi
4/10
West Adams Preparatory High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
09/14/21
Sold
$1,840,000
Condition Rating
Excellent
Despite being built in 1925, the property has undergone a 'fully gut-renovated' transformation for 19 of its 23 units, featuring 'brand-new systems and modern finishes.' The images confirm this with modern grey wood-look laminate flooring, white shaker cabinets, dark countertops, white subway tile backsplashes, stainless steel appliances, and contemporary light fixtures. A new electrical panel is also visible. This extensive, recent renovation brings the property's condition to current quality standards, aligning with the 'Excellent' criteria for a recently renovated property with virtually new components and minimal deferred maintenance.
Pros & Cons
Pros
Attractive Capitalization Rate: The property offers a highly competitive 7.7% Cap Rate, signaling strong potential for investor returns and stable cash flow.
Extensive Modern Renovation: 19 of 23 units are fully gut-renovated with brand-new systems and modern finishes, presenting a turnkey asset with minimal deferred maintenance.
Comprehensive Tenant Amenities: Desirable amenities like on-site laundry, high-speed Wi-Fi, cable TV (all included), and outdoor recreational spaces (basketball court, BBQ) significantly enhance tenant appeal and retention.
Diverse Unit Mix: The unit composition of 20 studios and 3 one-bedroom apartments caters to a broad segment of the rental market, optimizing occupancy potential.
Strategic Urban Location: Situated in a 'culturally rich and growing neighborhood' in Historic South Los Angeles, offering potential for continued demand and property value appreciation.
Cons
Historic Building Age: Despite recent renovations, the 1925 construction year may still present unforeseen structural or infrastructure challenges not covered, or lead to higher long-term insurance/maintenance costs.
Recent Price Reduction: A notable price reduction from $3.625M to $3.3M could indicate initial overpricing or market resistance at the original valuation.
High Concentration of Studio Units: The overwhelming majority of studio units (20 out of 23) might limit the long-term tenant demographic to primarily single occupants, potentially affecting rental growth or tenant stability compared to properties with more multi-room units.