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3956 W 27Th St Los Angeles, CA 90018

$1,925,000 Sold Price as of 07/07/2021

8 Beds
8 Baths
4,880 Sq.Ft.

Sold

$1,925,000 Sold Price as of 07/07/2021 Refinance Your Mortgage

Map preview of 3956 W 27Th St, Los Angeles, CA 90018

Property Overview: 3956 W 27Th St Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,880 living square feet and 8,011 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3956 W 27th Street is a turnkey 8 unit property located in the heart of the hot West Adams neighborhood of Los Angeles. The property consists of eight 1 bedroom/1 bathroom garden apartments, seven of which have been completely renovated. Furthermore, the lots R3 zoning will provide the new owner with future versatility should they desire to repurpose the property. The property is extremely well located, central to major employment, transportation, and points of interest alike. 3956 W 27th Street is a mere 2.9 miles from the main University of Southern California campus, LA Memorial Coliseum, and the upcoming George Lucas Museum. Residents will enjoy a 6 minute walk to the new Johnny's Pastrami Restaurant, a 2 minute drive to the nearest I-10 freeway on-ramp, and a 6 minute bike ride to the nearest light rail station at Exposition/Crenshaw. The Expo/Crenshaw station currently offers service to Santa Monica beach and will soon connect passengers to LAX. Additionally, the property sits just 5.7 miles from Downtown Los Angeles. This is an excellent opportunity to acquire an economic hedge and reliable cash flow.

Listed by Jordan Peikin | BRE #02015987 | Clement Partners Real Estate
Co-listed by Nathan Richards | BRE #01748598 | Nathan Richards

Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft: 8,011
HOA Dues: $0/mo
Year built: 1924
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21732396
City: Los Angeles
County: Los Angeles
Time on Site: 1221 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 3

Unit Breakdown 1

# of Units: 8
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,561
Total Rent: $12,491
Pro Forma/Market Rent: $13,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 12.84
Gross Scheduled Income: --
Net Operating Income: $100,567
Gross Operating Income: $145,395

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 3956 W 27Th St

Interior Features

Cooling Information

No Cooling
None

Kitchen Information

Has Appliances
Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Assigned, Side by Side

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 8
Parcel Number: 5051015011

Location / Neighborhood

Location Information

Directions: North of Jefferson Blvd, South of Adams Blvd, East of Crenshaw Blvd, West of Arlington Ave.

View more facts & features

Local Los Angeles Agent

Sale History for 3956 W 27Th St

Last sold for $1,925,000 on July 7th, 2021

July, 2021
Jul 8, 2021

Date

Sold

CRMLS: 21732396

$1,925,000

Price
Jun 15, 2021

Date

Pending

CRMLS: 21732396

$1,925,000

Price
May 21, 2021

Date

Active Under Contract

CRMLS: 21732396

$1,925,000

Price
May 17, 2021

Date

Active

CRMLS: 21732396

$1,925,000

Price
January, 2016
Jan 22, 2016

Date

Sold (Public Records)

Public Records

$965,000

Price
June, 2011
Jun 30, 2011

Date

Sold (Public Records)

Public Records

$615,000

Price

Tax History for 3956 W 27Th St

Assessed Value (2020): $1,044,544

Year	Land Value	Improved Value	Assessed Value
2020	$779,350	$265,194	$1,044,544

Home Value Compared to the Market

This property vs the competition

3956 W 27Th St sold on July 7, 2021 for 71.88% 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 $394.47 per/sqft which puts the price per square foot 45.52% lower than the current median sale per square foot for the city of Los Angeles.

About 3956 W 27Th St

Detailed summary of property

3956 W 27Th St is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,880 living square feet, and sits on an approximately 8,011 square foot lot. 3956 W 27Th St was first listed on ArdentRealEstateGroup.com on May 17, 2021. The homeowner sold the property for $1,925,000. 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 71.88% higher than the current median priced home. Local homes that are currently for sale include 1250 5th Ave, 1237 4th Ave and 2422 Venice Blvd. While the average home in Los Angeles, CA is selling in 106 days, 3956 W 27Th St has a days on market of 4 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3956 W 27Th St Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3956 W 27Th St

Public county record property details

Beds: 8
Baths: 8
Year built: 1924
Sq. Ft.: 4,880
Lot Size: 8,011
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 34
APN: 5051-015-011

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$999,800

Median List Price/Sq.Ft.

$640

Median Sold Price

$1,040,000

Median Sold Price/Sq.Ft.

$672

Total Inventory

Median Sale to List Price %

104.1%

Avg Days on Market

Loan Type

Conventional (22.22%), FHA (11.11%), VA (0%), Cash (22.22%), Other (22.22%)

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(714) 706-1823

Homes for Sale Near 3956 W 27Th St

Nearby Homes for Sale

2104 Crenshaw Blvd, Los Angeles, CA 90016

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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.