440 E 27th, Los Angeles, CA 90011
440 E 27th, Los Angeles, CA 90011
440 E 27th, Los Angeles, CA 90011
440 E 27th, Los Angeles, CA 90011
440 E 27th, Los Angeles, CA 90011
440 E 27th, Los Angeles, CA 90011
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John Fagan

John Fagan

+1(669) 303-8501
Listed by Logan Altman, DRE #01965826 • Altman Apartments LLC
$ 3,000,000
Est. payment | /mo

6,253 Sqft Lot

Save
$ 3,000,000
Est. payment | /mo
Save

6,253 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSR26039501

Style Spanish

Year Built 1925

Lot Size 6,253 Sqft

Source California Regional MLS

Property Description

Investment Highlights . Comprehensive 2024 Gut Renovation with New COFO: The entire building was gut renovated, resulting in a new Certificate of Occupancy issued in 2024. Over $1.2 million in capital improvements were completed, including all-new plumbing, electrical systems, drywall, paint, flooring, and cabinetry. This turnkey status provides investors with a high-quality asset and minimal immediate maintenance requirements. . Proven Micro-Unit Model with Strong Rental Yield: The building features 23 units comprised primarily of micro-units (87% studios) designed to serve budget-oriented residents in Los Angeles. This high-efficiency model yields an impressive rent of $5.28 per square foot, justifying the property's valuation through proven rental demand for smaller, affordable living spaces. . Immediate Financial Performance and High Returns: At an asking price of $3,000,000, the property offers a current CAP rate of 8.54% on the buyer's reassessed tax basis, with substantial mark-to-market upside as legacy leases are brought to the property's own recently-achieved renovated rents. . Substantial Built-In Revenue Upside: Financial projections show that monthly income can grow from the current $34,290 to a market rate of $38,337, representing an approximately 12% revenue

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Rooms

Kitchen Oven Range - Gas, Refrigerator, Oven - Gas

Interior

Heating Gas, Wall Furnace

Cooling None

Flooring Laminate

Laundry Laundry Area, Community Facility

Exterior

Parking Features No Parking

Pool 31, None

View Hills, Local/Neighborhood

Roof Type Flat / Low Pitch

Building

Lot Description Grade - Level

Water District - Public

Architectural Style Spanish

Others

Tax ID 5128009006

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
Copyright 2026 MLSListings Inc All rights reserved.

Nearby Locations

John Fagan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(669) 303-8501

john@johnfagangroup.com

1295 E Dunne Ave Suite 130 Morgan Hill, CA 95037, USA

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440 E 27th