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1492 W 27Th St, Los Angeles, CA 90007
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1492 W 27Th St Los Angeles, CA 90007

$1,130,000 Sold Price as of 01/23/2024
  • 932 Beds
  • 372 Baths
  • 3,124 Sq.Ft.
Sold
$1,130,000 Sold Price as of 01/23/2024 Refinance Your Mortgage
Map preview of 1492 W 27Th St, Los Angeles, CA 90007

Property Overview: 1492 W 27Th St Los Angeles, CA has 932 bedrooms, 372 bathrooms, 3,124 living square feet and 7,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: HUGE PRICE REDUCTION!!! Opportunity Opportunity Opportunity!!! First time on the Market in 17 Years!!! This 2 Story Four Unit Building is in need of TLC. It offers two 3 Bedroom 1 Bath Units and two 2 Bedroom 1 bath units. Public record shows 4 bed, 4 bath, buyer to verify permits. Two units are upstairs and two are downstairs: 3 bedroom units are upstairs and 2 Bedroom Units are downstairs. Some Units are currently rented to students from USC. Has potential for much higher rents. The rooms are individually rented out. In addition there is parking galore: there is a huge parking lot in the back which can fit approximately 8-10 cars! The property has a coin laundry room for convenience. Agents please see private remarks.

Listed by Robert Flannigan | BRE #01271809 | RE/MAX ESTATE PROPERTIES
Last checked: 11 minutes ago | Last updated: January 23rd, 2024 | Source CRMLS | DOM: 47

Home details

Lot Sq. Ft
7,001
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23328923
City
Los Angeles
County
Los Angeles
Time on Site
329 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 92
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 92
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 94
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 4
  • # of Units: 94
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 9
  • Gross Scheduled Income: --
  • Net Operating Income: $93,000
  • Gross Operating Income: $110,400
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1492 W 27Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 4
  • Parcel Number: 5054031005
  • Architectural Style: Victorian
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Adams, West of Normandie, East of Western. From 10 Fwy exit Normandie, Go South to 27th Street and go West, Property is on the left side
View more facts & features

Local Los Angeles Agent

Sale History for 1492 W 27Th St

Last sold for $1,130,000 on January 23rd, 2024

  • January, 2024

  • Jan 23, 2024

    Date

    Sold

    CRMLS: 23328923

    $1,130,000

    Price

  • Nov 3, 2023

    Date

    Active

    CRMLS: 23328923

    $1,700,000

    Price

  • February, 2006

  • Feb 6, 2006

    Date

    Sold (Public Records)

    Public Records

    $890,000

    Price

  • January, 2004

  • Jan 16, 2004

    Date

    Sold (Public Records)

    Public Records

    $525,000

    Price

Show More

Tax History for 1492 W 27Th St

Assessed Value (2020): $1,112,104
Year Land Value Improved Value Assessed Value
2020 $812,214 $299,890 $1,112,104

Home Value Compared to the Market

This property vs the competition

1492 W 27Th St sold on January 23, 2024 for 7.14% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $384.12 per/sqft which puts the price per square foot 46.94% lower than the current median sale per square foot for the city of Los Angeles.

About 1492 W 27Th St

Detailed summary of property

1492 W 27Th St is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 932 bedrooms, 372 bathrooms, roughly 3,124 living square feet, and sits on an approximately 7,001 square foot lot. 1492 W 27Th St was first listed on ArdentRealEstateGroup.com on November 4, 2023. The homeowner sold the property for $1,130,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.14% higher than the current median priced home. Local homes that are currently for sale include 1492 W 35th Pl, 2012 S La Salle Ave and 1366 W 37th Pl. While the average home in Los Angeles, CA is selling in 106 days, 1492 W 27Th St has a days on market of 47 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1492 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 1492 W 27Th St

Public county record property details
Beds
4
Baths
4
Year built
1911
Sq. Ft.
3,124
Lot Size
6,999
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
42
APN
5054-031-005

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
$1,399,999
Median List Price/Sq.Ft.
$550
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
19
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), 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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