Introducing a newly remodeled 23-unit multifamily investment opportunity in the heart of Historic South Los Angeles offered at a 7.0% 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.
For sale
Listing Provided by:
Everett Wong DRE #01991247 310-382-6705,
Greysteel California, Inc.
$3,625,000
440 E 27th St, Los Angeles, CA 90011
3beds
23baths
7,312sqft
Est.:
Mixed Use
Built in 1925
-- sqft lot
$3,546,900 Zestimate®
$496/sqft
$-- HOA
What's special
Half basketball courtModern finishesOutdoor common areasBbq grillDesignated smoking areaPicnic tableBrand-new systems
- 1 day
- on Zillow |
- 26 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 08:32am
Listing Provided by:
Everett Wong DRE #01991247 310-382-6705,
Greysteel California, Inc.
Source: CRMLS,MLS#: PW25173070
Originating MLS: California Regional MLS

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Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 23
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 7,312
- Total interior livable area: 7,312 sqft
Property
Features
- Entry location: Ground
- Pool features: None
Lot
- Size: 6,253 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5128009006
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $496/sqft
- Date on market: 8/1/2025
- Listing terms: Conventional
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