27th Street Apts – University Park 440 E 27th St Immeuble residentiel 23 lots 2 583 180 € (112 312 €/Lot) Taux de capitalisation 8,54 % Los Angeles, CA 90011

PRICE IMPROVEMENT — now $3,000,000, reduced $150,000. 27th Street Apartments is a fully gut-renovated 23-unit multifamily asset in Historic South Central / University Park, Los Angeles, offered at an 8.54% in-place cap rate on $256,291 of net operating income.
DEEP MARK-TO-MARKET: 17 of the 23 units are below market or vacant. Marking legacy leases to the property's own recently-achieved renovated rents grows scheduled income materially — the core of the value-add thesis.
TURN-KEY 2024 GUT RENOVATION: The entire building was gut renovated with a new Certificate of Occupancy issued in 2024 — over $1.2 million in capital improvements including all-new plumbing, electrical, HVAC, drywall, flooring and cabinetry, with five additional units created during the renovation. A new owner inherits a de-risked, minimal-capex asset.
HIGH-EFFICIENCY STUDIO MODEL: 20 of 23 units are studios — the most liquid and resilient segment of the Los Angeles rental market, with the lowest turnover cost per unit.
USC-ADJACENT LOCATION: Set in University Park near the USC campus and the Metro Expo Line, with durable workforce and student rental demand and direct access to Downtown Los Angeles.
Offered individually or as part of a 7-asset Central-LA portfolio. Full OM, proforma, T-12 and rent roll available. Full co-broke offered.