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Listed by Logan Altman • Altman Apartments LLC
$3,985,000
Est. payment /mo
6,253 Sqft Lot
Active
440 E 27th ST Los Angeles, CA 90011
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25079856
Originating Board California Regional MLS
Year Built 1925
Lot Size 6,253 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry Laundry Area
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5128009006
Special Listing Condition Not Applicable
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