Los Angeles, CA 90011 440 E 27th Street
$3,985,000
1 more
Presented By: Logan Altman with Altman Apartments LLC; 310-903-0222
Beds • 3
Baths • 12
SQFT • 7,312
Year Built • 1925
Home Details
This 23-unit 1920's building in South LA consists of three 1-bedrooms and 20-studios. Built in 1925 and newly renovated with Certificate of Occupancy in 2024, this property is fully occupied. Three new units were added to the existing floorplan and 16 units were separately metered for electricity. This building is priced to sell at a 7.0% cap rate on current income with the potential for 13.3% more rental upside.
Presented By: Logan Altman with Altman Apartments LLC; 310-903-0222
Interior Features for 440 E 27th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 440 E 27th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
CountyLos Angeles
DirectionsEast on Adams Blvd to Maple Avenue South of DTLA
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense6000.0
Garage Spaces0.0
Garage Y/NNo
Gross Income432789.0
HOANo
Home Warranty Y/NNo
Insurance Expense22046.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash
Lot Size Square Feet6253.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MaintenanceExpense17250.0
MobileHomeRemainsYNNo
Net Operating Income278904.0
New ConstructionNo
Number Of Units Total23
Operating Expense140902.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot6
Taxes$52,708
Tenant PaysElectricity, Insurance
Trash Expense5839.0
Water Sewer Expense7500.0
Year Built1925
Year Built SourceAssessor
ZoningLARD1.5
Exterior for 440 E 27th Street
Building Area Total7312.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1435
Lot Size Area6253.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters16
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Pool Charge0.0
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Justin Hughey
Price
$3,985,000
MLS#SR25079856
List Date
04/11/2025
Property Type
Multi-Family
Phone
(562) 818-1655
