Property Details
About this Property
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 performance significantly exceeds the market average CAP rate of 7.11%, making it an exceptional opportunity for investors seeking robust, immediate cash flow. • Substantial Built-In Revenue Upside: There is significant potential for growth, with the pro forma CAP rate projected at 8.55% and a Cash-on-Cash retur
MLS Listing Information
MLS #
CRSR26039501
MLS Source
California Regional MLS
Days on Site
15
Interior Features
Appliances
Oven - Gas, Oven Range - Gas
Flooring
Laminate
Laundry
Community Facility
Cooling
None
Heating
Gas, Wall Furnace
Exterior Features
Roof
Flat
Style
Spanish
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
440 E 27th is a Residential Income in Los Angeles, CA 90011. This – square foot property sits on a 6,253 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,150,000 and was built in 1925. This address can also be written as 440 E 27th, Los Angeles, CA 90011.
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This listing information is up-to-date as of February 27, 2026. For the most current information, please contact Logan Altman
