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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$3,000,000

Est. payment - /mo

1 Bed

2 Baths

6,253 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26039501

Bedrooms 1

Lot Size 6,253 Sqft

Property Sub-Type Res Income 2-4 Units

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 increase as legacy leases are marked to market. Strategic Location in Historic South Central Hub: Located at 440 E 27th Street, the property is nestled in a thriving rental hub near the University of Southern California (USC) and major transit routes like the Expo Line. The neighborhood is experiencing activ

Location

State CA

County Los Angeles

Zoning Assessor

Direction I-10E to South on Maple Ave to Left on 27th Street

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5128009006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Logan Altman, DRE#01965826 Altman Apartments LLC

Nearby School & Business

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Arash Rokni

REALTOR® CADRE#02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

440 E 27th Los Angeles, CA 90011

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

GET MORE INFORMATION