440 E 27th, Los Angeles, CA 90011

• 7,312 sqft

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 $4.94 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 $3,150,000, the property offers a current CAP rate of 8.07% and a 10.12% Cash-on-Cash return. This performance significantly exceeds the market average CAP rate of 7.11%, making it an exceptional opportunity for investors seeking robust, immediate cash flow. • Substantial Built-In Revenue Upside: There is significant potential for growth, with the pro forma CAP rate projected at 8.55% and a Cash-on-Cash retu

Listing Status:

Active

Date Added:

February 23, 2026

Data Last Updated:

April 2, 2026 at 7:07AM

Listing Office:

Altman Apartments LLC : 310-903-0222

Listing Agent:

Logan Altman : 310-903-0222

MLS ID:

CRSR26039501

Interior

• Laundry: OtherCommon Area
• Flooring: Laminate
• A/C: None
• Heating: Natural GasWall Furnace

Exterior

• Parking: None

Construction

• General: StuccoOther

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: RD1.5128009006
• View: Mountain(s)Other

Financial

• Source: CRMLS