440 E 27th, Los Angeles, CA 90011

Local realty services provided by:ERA North Orange County Real Estate
440 E 27th,Los Angeles, CA 90011
$3,150,000
  • - Beds
  • - Baths
  • 7,312 sq. ft.
  • Multi-family
  • Active
Listed by: logan altman
Office: altman apartments llc.
MLS#:SR26039501
Source:CRMLS

Price summary

  • Price:$3,150,000
  • Price per sq. ft.:$430.8

About this home

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 $4.94 per square foot, justifying the property's valuation through proven rental demand for smaller, affordable living spaces. • Immediate Financial Performance and High Returns: At an asking price of $3,150,000, the property offers a current CAP rate of 8.07% and a 10.12% Cash-on-Cash return. This

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Home facts

  • Year built:1925
  • Listing ID #:SR26039501
  • Added:1 day(s) ago
  • Updated:February 23, 2026 at 12:38 PM

Rooms and interior

  • Living area:7,312 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Wall Furnace

Structure and exterior

  • Roof:Flat
  • Year built:1925
  • Building area:7,312 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$3,150,000
  • Price per sq. ft.:$430.8
Based on information from California Regional Multiple Listing Service, Inc. as of February 23, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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