1139 W 27th St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$3,600,000 USD
213-943-1897
1139 W 27th St, Los Angeles, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/19
null | 5.44% Cap Rate

1139 W 27th St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Located in USC’s North University Park
  • 2024 constructed ADU elevates the asset’s overall condition and rental potential
  • Seven of the nine units have been renovated with stainless steel appliances, laminate flooring, and modern bathroom finishes
  • Within walking distance to USC, popular cafés, restaurants, and entertainment venues, and minutes from DTLA, the Coliseum, and Exposition Park
  • The 2028 Summer Games are expected to boost LA’s real estate market through infrastructure upgrades and improvements to venues like the LA Coliseum
  • LA’s new RSO rent cap is expected to have minimal impact on USC student housing due to annual turnover and market-rate resets

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 9-unit (8 + 1 ADU), 21-Bedroom student housing community located at 1139–1143¾ West 27th Street. The property is situated south of Adams Boulevard and west of Hoover Street, within USC’s North University Park. The location offers walking-distance access to popular cafés, restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways. Situated on an 8,412-square-foot lot, the property features four one-bedroom units, four three-bedroom units, and one newly constructed five-bedroom ADU. Seven of the nine units have been renovated with stainless steel kitchen appliances, laminate flooring, and modern bathroom finishes, showcasing a proven renovation program that resonates with USC students. 27 West presents investors with a rare opportunity to acquire a mid-sized, well-managed USC student housing community within one of the most desirable student housing zones. The property is being offered alongside another student housing community at 2370 Portland Street (The Portland Place). PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

9

PRICE/UNIT

$400,000

CAP RATE

5.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

5055-025-031

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.