440 E 27th St Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated payment $20,727/month
About This Home
Improved Pricing on this a newly remodeled 23-unit multifamily investment opportunity in the heart of Historic South Los Angeles offered at a 7.7% Cap Rate!! This upgraded residential community features a strong unit mix of 20 studios and 3 one-bedroom apartments, with 19 units fully gut-renovated and outfitted with brand-new systems and modern finishes. Residents enjoy a host of desirable amenities, including on-site laundry, high-speed Wi-Fi, and cable television—all included for added convenience. Outdoor common areas feature a half basketball court with a hoop, a picnic table, and a BBQ grill, creating a welcoming space for recreation and relaxation. The property also includes a designated smoking area and is secured with a video surveillance system. Ideal for investors seeking stable cash flow with minimal deferred maintenance, this turnkey asset offers modern living in a culturally rich and growing neighborhood.
Listing Agent
Greysteel California, Inc. Brokerage Phone: 310-382-6705 License #01991247 Listed on: 08/01/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 6,253 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 7,312 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 6 / 7
- Assessor Parcel Number 5128009006
- $1,279 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 15 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Fuel Expense $9,035
- Gardener Expense $720
- Insurance Expense $22,045
- Maintenance Expense $17,250
- Pest Control $1,080
- Professional Management Expense $16,561
- Trash Expense $5,838
- Water Sewer Expense $35,432
- New Taxes Expense $39,370
- Operating Expense $156,923
- Gross Income $426,789
- Net Operating Income $254,421
Additional Features
- 23 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/13/2025 11/13/25 | Price Changed | $3,300,000 | 0.0% | $451 / Sq Ft | |
| 10/20/2025 10/20/25 | Price Changed | $1,350 | -32.3% | $4 / Sq Ft | |
| 08/13/2025 08/13/25 | For Rent | $1,995 | 0.0% | -- | |
| 08/01/2025 08/01/25 | For Sale | $3,625,000 | +97.0% | $496 / Sq Ft | |
| 09/13/2021 09/13/21 | Sold | $1,840,000 | -7.1% | $252 / Sq Ft | View Prior Sale |
| 06/28/2021 06/28/21 | Pending | -- | -- | -- | |
| 06/09/2021 06/09/21 | For Sale | $1,980,000 | -- | $271 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25173070
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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