440 E 27Th St, Los Angeles, CA 90011
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440 E 27Th St Los Angeles, CA 90011

$1,840,000 Sold Price as of 09/13/2021
  • 2 Beds
  • 122 Baths
  • 7,312 Sq.Ft.
Sold
$1,840,000 Sold Price as of 09/13/2021 Refinance Your Mortgage

Map preview of 440 E 27Th St, Los Angeles, CA 90011

Property Overview: 440 E 27Th St Los Angeles, CA has 2 bedrooms, 122 bathrooms, 7,312 living square feet and 6,251 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Villa Girasol is an 18-unit apartment building located at 440 E 27th Street in the Historic Central submarket of Los Angeles. First time on the market in over 50 years, Villa Girasol is the perfect opportunity to add value to the building by renovating the exterior, interior hallways, and units to capture the significant upside in rents. The unit mix is 6 Single Room Occupancies (SRO), 11 Studios and 1 Two Bedroom/1 Bath units. Located in the heart of the Historic Central neighborhood, just south of Downtown LA and Los Angeles, Villa Girasol is near local employment and entertainment centers such as South Park, LA Live, and the Staples Center. Also, to rapidly developing areas like the Arts District, Koreatown, Exposition Park and USC. The neighborhood is considered highly walkable and a bikers paradise, with easy access to local shops and services, as well as freeways and public transportation.

Listed by Adam Zunder | BRE #01821053 | Iconic Investments
Co-listed by Peter Strauss | BRE #01335696 | Iconic Investments
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
6,251
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21746910
City
Los Angeles
County
Los Angeles
Time on Site
1117 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $4,242
  • Total Rent: $4,242
  • Pro Forma/Market Rent: $5,700
Unit Breakdown 2
  • # of Units: 11
  • # of Beds: 0
  • # of Baths: 11
  • Furnishing: Unfurnished
  • Actual Rent: $10,879
  • Total Rent: $10,879
  • Pro Forma/Market Rent: $13,145
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 9.98
  • Gross Scheduled Income: --
  • Net Operating Income: $91,270
  • Gross Operating Income: $198,299
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 440 E 27Th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 18
  • Parcel Number: 5128009006
Location / Neighborhood
Location Information
  • Directions: Just East of USC and the 110 Freeway.
View more facts & features

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Sale History for 440 E 27Th St

Last sold for $1,840,000 on September 13th, 2021
  • September, 2021

  • Sep 14, 2021

    Date

    Sold

    CRMLS: 21746910

    $1,840,000

    Price

  • Jun 9, 2021

    Date

    Active

    CRMLS: 21746910

    $1,980,000

    Price

  • August, 2019

  • Aug 29, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 440 E 27Th St

Assessed Value (2020): $69,400
Year Land Value Improved Value Assessed Value
2020 $16,561 $52,839 $69,400

Home Value Compared to the Market

This property vs the competition

440 E 27Th St sold on September 13, 2021 for 75.22% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $270.79 per/sqft which puts the price per square foot 64.09% lower than the current median sale per square foot for the city of Los Angeles.

About 440 E 27Th St

Detailed summary of property

440 E 27Th St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 2 bedrooms, 122 bathrooms, roughly 7,312 living square feet, and sits on an approximately 6,251 square foot lot. 440 E 27Th St was first listed on ArdentRealEstateGroup.com on June 9, 2021. The homeowner sold the property for $1,840,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 75.22% higher than the current median priced home. Local homes that are currently for sale include 2005 Magnolia Ave, 1702 S Hoover St and 603 W 47th St. While the average home in Los Angeles, CA is selling in 99 days, 440 E 27Th St has a days on market of 19 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 440 E 27Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 440 E 27Th St

Public county record property details
Beds
4
Baths
12
Year built
1925
Sq. Ft.
7,312
Lot Size
6,250
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5128-009-006

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$640,000
Median List Price/Sq.Ft.
$486
Median Sold Price
$555,000
Median Sold Price/Sq.Ft.
$484
Total Inventory
47
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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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.