440 E 27th, Los Angeles, CA 90011

• 1 bed |
• 2 baths

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

Listing Status:

Active

Date Added:

February 23, 2026

Data Last Updated:

October 9, 2026 at 7:11AM

Listing Office:

Altman Apartments LLC :

Listing Agent:

Logan Altman : 310-903-0222

MLS ID:

SR26039501

Interior

• A/C: N/K
• Heating: Natural Gas

Exterior

• General: N/K
• Pool: N/K

Construction

• General: Stucco2 Story

Location

• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Assessor5128009006

Financial

• Source: California Regional MLS