440 E 27th St - Apartments FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$3,985,000 USD
310-903-0222
440 E 27th St, Los Angeles, CA for Sale
$3,985,000 USD
Apartments - FOR SALE
1/7
null | 7% Cap Rate

440 E 27th St
Los Angeles, CA 90011
Southeast Los Angeles


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,985,000 USD

PRICE/SF

$545 USD /SF

# OF UNITS

23

PRICE/UNIT

$173,261

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LARD1.5

APN/PARCEL ID

5128-009-005,5128-009-006

ASK ABOUT THIS PROPERTY

Logan AltmanAltman Apartments LLCMore Info
310-903-0222

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Logan AltmanAltman Apartments LLCMore Info
310-903-0222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.