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1139 W 27th St
Los Angeles, CA 90007
Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- Located in USC’s North University Park
- Seven of the nine units have been renovated with stainless steel appliances, laminate flooring, and modern bathroom finishes
- The 2028 Summer Games are expected to boost LA’s real estate market through infrastructure upgrades and improvements to venues like the LA Coliseum
- 2024 constructed ADU elevates the asset’s overall condition and rental potential
- Within walking distance to USC, popular cafés, restaurants, and entertainment venues, and minutes from DTLA, the Coliseum, and Exposition Park
- LA’s new RSO rent cap is expected to have minimal impact on USC student housing due to annual turnover and market-rate resets
EXECUTIVE SUMMARY
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 9-unit (8 + 1 ADU), 21-Bedroom student housing community located at 1139–1143¾ West 27th Street. The property is situated south of Adams Boulevard and west of Hoover Street, within USC’s North University Park.
The location offers walking-distance access to popular cafés, restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways.
Situated on an 8,412-square-foot lot, the property features four one-bedroom units, four three-bedroom units, and one newly constructed five-bedroom ADU. Seven of the nine units have been renovated with stainless steel kitchen appliances, laminate flooring, and modern bathroom finishes, showcasing a proven renovation program that resonates with USC students.
27 West presents investors with a rare opportunity to acquire a mid-sized, well-managed USC student housing community within one of the most desirable student housing zones.
The property is being offered alongside another student housing community at 2370 Portland Street (The Portland Place).
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
The location offers walking-distance access to popular cafés, restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways.
Situated on an 8,412-square-foot lot, the property features four one-bedroom units, four three-bedroom units, and one newly constructed five-bedroom ADU. Seven of the nine units have been renovated with stainless steel kitchen appliances, laminate flooring, and modern bathroom finishes, showcasing a proven renovation program that resonates with USC students.
27 West presents investors with a rare opportunity to acquire a mid-sized, well-managed USC student housing community within one of the most desirable student housing zones.
The property is being offered alongside another student housing community at 2370 Portland Street (The Portland Place).
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
PROPERTY FACTS
| Price Per Unit | $400,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.44% | Lot Size | 0.19 AC |
| Gross Rent Multiplier | 10.37 | Building Size | 8,668 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1921/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.46/1,000 SF |
| Zoning | RD1.5, Los Angeles | ||
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| Gross Rent Multiplier | 10.37 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,668 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1921/2024 |
| Parking Ratio | 0.46/1,000 SF |
| Zoning | RD1.5, Los Angeles |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+2 | 4 | - | - |
| 5+4 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 5055-025-031 | Improvements Assessment | $902,026 |
| Land Assessment | $3,873,409 | Total Assessment | $4,775,435 |
PROPERTY TAXES
Parcel Number
5055-025-031
Land Assessment
$3,873,409
Improvements Assessment
$902,026
Total Assessment
$4,775,435
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