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440 E 27th Street, Los Angeles, California 90011, Los Angeles, - bed, bath

home-pic
ACTIVE$3,625,000
440 E 27th Street, Los Angeles, California 90011
0Bed
0Bath
7,312Sqft
6,253Lot
Year Built
1925
Close
-
List price
$3.63M
Original List price
$3.63M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25173070
Home ConditionGood
Features
Good View:
View-

About this home

Introducing a newly remodeled 23-unit multifamily investment opportunity in the heart of Historic South Los Angeles offered at a 7.0% 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.

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
08/01/25
$3,625,000
09/14/21
Sold
$1,840,000
Condition Rating
Good
The property was built in 1925 but has been extensively renovated recently (19 out of 23 units). The description mentions 'brand-new systems and modern finishes'. The images show updated kitchens and bathrooms with modern appliances and fixtures. The flooring and light fixtures also appear to be new. While the building is older, the recent renovations bring it to a 'good' condition.
Pros & Cons

Pros

High Cap Rate: Offered at a 7.0% cap rate, indicating strong potential for return on investment.
Recent Remodel: 19 out of 23 units have been fully gut-renovated with new systems and modern finishes, reducing immediate maintenance concerns.
Desirable Amenities: Includes on-site laundry, high-speed Wi-Fi, and cable television, enhancing tenant appeal and retention.
Outdoor Common Areas: Features a half basketball court, picnic table, and BBQ grill, providing recreational space for residents.
Security Features: Equipped with a video surveillance system, enhancing safety and security for tenants.

Cons

Age of Building: Built in 1925, the building may require ongoing maintenance and potential upgrades in the long term.
Unit Mix: Predominantly studio apartments (20 studios, 3 one-bedroom), which may limit appeal to certain tenant demographics.
Location Considerations: Located in Historic South Los Angeles, which may have specific challenges or perceptions compared to other areas.

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