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23-Units | Turn-Key South LA Opportunity 440 E 27th St 23 Unit Apartment Building $3,300,000 ($143,478/Unit) 8.46% Cap Rate Los Angeles, CA 90011
EXECUTIVE SUMMARY
Introducing 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.
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.
PROPERTY FACTS
| Price | $3,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $143,478 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 8.46% | Building Size | 7,312 SF |
| Gross Rent Multiplier | 7.8 | Average Occupancy | 91% |
| No. Units | 23 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2024 |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| Price | $3,300,000 |
| Price Per Unit | $143,478 |
| Sale Type | Investment |
| Cap Rate | 8.46% |
| Gross Rent Multiplier | 7.8 |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 7,312 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built/Renovated | 1925/2024 |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Picnic Area
- Basketball Court
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | - | 150 - 250 |
| 1+1 | 3 | - | 250 |
1 1
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 5128-009-006 | Improvements Assessment | $1,422,018 |
| Land Assessment | $530,604 | Total Assessment | $1,952,622 |
PROPERTY TAXES
Parcel Number
5128-009-006
Land Assessment
$530,604
Improvements Assessment
$1,422,018
Total Assessment
$1,952,622
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23-Units | Turn-Key South LA Opportunity | 440 E 27th St
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