$3,985,000

440 E 27th St Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated payment $25,134/month

Total Views 14,713
1 Bed
23 Baths
7,312 Sq Ft
$545 Price per Sq Ft

About This Home

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.

Last Listed By

Logan Altman

Altman Apartments LLC Brokerage Phone: 310-903-0222 License #01965826 Listed on: 04/11/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1925

Lot Details

  • 6,253 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Interior Spaces

  • 7,312 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 23 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
  • 16 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Cable TV Expense $6,000
  • Fuel Expense $6,000
  • Gardener Expense $720
  • Insurance Expense $22,046
  • Maintenance Expense $17,250
  • Other Expense $200
  • Pest Control $1,080
  • Professional Management Expense $16,794
  • Trash Expense $5,839
  • Water Sewer Expense $7,500
  • New Taxes Expense $52,708
  • Operating Expense $140,902
  • Gross Income $432,789
  • Net Operating Income $278,904

Additional Features

  • 23 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Price Per Unit: 173261
  • Professional Management Expense: 16794.00
  • Property Attached: No
  • Water Sewer Expenses: 7500.00
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5128009006
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 544.99

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 1080.00
  • Sewer: Public Sewer
  • Trash Expense: 5839.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6253.00
  • Lot Size Acres: 0.1435

Rental Info

  • Tenant Pays: Electricity, Insurance

Multi Family

  • Cable TV Expense: 6000.00
  • Fuel Expense: 6000.00
  • Gross Income: 432789.00
  • Gross Scheduled Income: 432789.00
  • Insurance Expense: 22046.00
  • Lot Size Area: 6253.0000 Square Feet
  • Maintenance Expense: 17250.00
  • Net Operating Income: 278904.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 23
  • Operating Expense: 140902.00
  • Other Expense: 200.00
  • Other Expense Description: fire ext
  • Rent Control: Yes
  • Total Expenses: 140902.00
  • Vacancy Allowance: 12984

Tax Info

  • New Taxes Expense: 52708.00
  • Tax Block: 7
  • Tax Census Tract: 2267.02
  • Tax Lot: 6
  • Tax Tract Number: DAM...
  • TaxOtherAnnualAssessmentAmount: 1279.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 For Sale $3,985,000 +116.6% $545 / Sq Ft
09/13/2021 09/13/21 Sold $1,840,000 -7.1% $252 / Sq Ft
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)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25079856

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90011 Historic South Central

440 E 27th St, Los Angeles, CA

This home is located at 440 E 27th St, Los Angeles, CA 90011 and is currently priced at $3,985,000, approximately $544 per square foot. This property was built in 1925. 440 E 27th St is a home located in Los Angeles County with nearby schools including Twenty-Eighth Street Elementary School, John Adams Middle School, and Santee Education Complex.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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

Nearby Homes
Listing Agent
Logan Altman
Section Image
Altman Apartments LLC
(310) 903-0222