440 E 27th, Los Angeles, CA 90011

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

Price summary

  • Price:$3,000,000

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 $5.28 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 $3,000,000, the property offers a current CAP rate of 8.54% on the buyer's reassessed tax basis, with substantial...

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Home facts

  • Listing ID #:SR26039501
  • Added:261 day(s) ago
  • Updated:November 11, 2026 at 03:11 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:2

Structure and exterior

  • Construction Materials:Stucco
  • Levels:2 Story

Finances and disclosures

  • Price:$3,000,000
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