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1220 W 27th St, Los Angeles, CA 90007
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1220 W 27th St Los Angeles, CA 90007

$3,995,000
  • 16 Beds
  • 12 Baths
  • 5,108 Sq.Ft.
For Sale
$3,995,000 Get Pre-Qualified
Map preview of 1220 W 27th St, Los Angeles, CA 90007

Property Overview: 1220 W 27th St Los Angeles, CA has 16 bedrooms, 12 bathrooms, 5,108 living square feet and 6,373 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire 1220 W. 27th Street, a sixteen (16) bedroom student housing investment, located North of campus, in the prestigious DPS Patrol Zone, and just steps to the University of Southern California (USC). This two-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 5,108 SF on a 6,346 SF lot. The property and all units were recently updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, in-unit washer/ dryers, and individually metered for gas & electricity. The expansive lot size allows an investor to add significant value to the property by constructing two (2) 5-bedroom + 4-bathroom ADU's to further increase cash-flow, generating an even higher yield/ net income. The asset is fully occupied with students, and the total gross income is $25,190/month. With the construction of two ADU's, the total income will be approximately $37,500/month.

Listed by Davis Saadian | BRE #01921748 | Carolwood Estates
Co-listed by Ysabel Goldberg | BRE #02146331 | Carolwood Estates
Last checked: 1 minute ago | Last updated: June 11th, 2024 | Source CRMLS | DOM: 15
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Home details

Lot Sq. Ft
6,373
HOA Dues
$0/mo
Year built
1913
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24399135
City
Los Angeles
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $7,690
  • Total Rent: $7,690
  • Pro Forma/Market Rent: $8,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $6,200
  • Total Rent: $6,200
  • Pro Forma/Market Rent: $6,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $5,100
  • Total Rent: $5,100
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $6,200
  • Total Rent: $6,200
  • Pro Forma/Market Rent: $6,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.03%
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: --
  • Net Operating Income: $240,928
  • Gross Operating Income: $302,280
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1220 W 27th St

Interior Features
Cooling Information
  • Has Cooling
  • Dual
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 4
  • Parcel Number: 5055027008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1220 W. 27th Street | Los Angeles 90007
View more facts & features

Local Los Angeles Agent

Sale History for 1220 W 27th St

Last sold on March 12th, 2008

  • June, 2024

  • Jun 3, 2024

    Date

    Active

    CRMLS: 24399135

    $3,995,000

    Price

  • May, 2021

  • May 2, 2021

    Date

    Expired

    CRMLS: MB20257554

    $3,950,000

    Price

  • Feb 9, 2021

    Date

    Price Change

    CRMLS: MB20257554

    $3,950,000

    Price

  • Dec 17, 2020

    Date

    Active

    CRMLS: MB20257554

    $4,195,000

    Price

  • Listing provided courtesy of CRMLS

    What a gem! Happy to showcase this great property located at 1220 W. 27th St. High demand area. Great student housing investment opportunity. Property is beautifully renovated. Property within the USC DPS patrol zone with added convenience of having the USC bus transport stop across the street. Property consists of 16 bedrooms and 12 bathrooms.

  • March, 2008

  • Mar 12, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2007

  • Sep 27, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1220 W 27th St

Assessed Value (2020): $2,500,000
Year Land Value Improved Value Assessed Value
2020 $1,375,000 $1,125,000 $2,500,000

Home Value Compared to the Market

This property vs the competition

1220 W 27th St is listed 219.6% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $782.11 per/sqft which puts the price per square foot 0.27% higher than the median price per square foot for the city of Los Angeles.

About 1220 W 27th St

Detailed summary of property

1220 W 27th St is a multi family located in Los Angeles, CA 90007 and is currently for sale. This multi family property offers 16 bedrooms, 12 bathrooms, roughly 5,108 living square feet, and sits on an approximately 6,373 square foot lot. 1220 W 27th St was first listed on ArdentRealEstateGroup.com on June 3, 2024. The homeowner is currently asking $3,995,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 219.6% higher than the median priced home. Local competing homes currently for sale include 833 S Alvarado St, 1885 W Jefferson Blvd and 830 S Hoover St. While the average home in Los Angeles, CA is selling in 98 days, 1220 W 27th St has a days on market of 15 days. There are currently 3912 homes for sale in the Los Angeles real estate market and 2639 of them are single family homes while 1161 of them are condos and 105 are townhomes. For more information on this home for sale at 1220 W 27th St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1220 W 27th St

Public county record property details
Beds
8
Baths
4
Year built
1913
Sq. Ft.
5,108
Lot Size
6,345
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
28
APN
5055-027-008

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,349,000
Median List Price/Sq.Ft.
$616
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$410
Total Inventory
13
Median Sale to List Price %
100%
Avg Days on Market
81
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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