218 East 27th Street

Los Angeles, CA 90011

$795,000
Price
7
Beds
5
Baths
4,356 Sq. Ft.
$183 / Sq. Ft.
4,356
Sq. Ft.
$183
per Sq. Ft.

Description

Must be sold with 634 E. Adams Blvd. First time on market in over 40 years! Investors choice with Tremendous Upside! Six (6) Units comprised of Five (5) - 1 Bedroom + 1 Bathroom (one non-conforming unit) and One (1) - 2 Bedroom + 1 Bathroom units. Located within minutes of Down Town Los Angeles. Individually metered for Gas and Electricity. Situated near University of Southern California, Restaurants, Crypto.com Arena, BMO Stadium, LA Fashion District, Shopping, The Flower District, Downtown LA,...Must be sold with 634 E. Adams Blvd. First time on market in over 40 years! Investors choice with Tremendous Upside! Six (6) Units comprised of Five (5) - 1 Bedroom + 1 Bathroom (one non-conforming unit) and One (1) - 2 Bedroom + 1 Bathroom units. Located within minutes of Down Town Los Angeles. Individually metered for Gas and Electricity. Situated near University of Southern California, Restaurants, Crypto.com Arena, BMO Stadium, LA Fashion District, Shopping, The Flower District, Downtown LA, and the LA Convention Center, this property is offers the astute investor immediate cash-on-cash returns with amazing rental upside potential. Drive By Only - please do not disturb tenants. Buyer to verify all information regarding number of conforming units, square footage and age. Must be sold with 634 E. Adams Blvd.
  1. Listed by Michael Pesci • DRE #01274379 • Brokerage DRE #01458187 • Keller Williams Studio City
  2. Listed by James Antonucci • DRE #01822661 • Keller Williams Realty-Studio City

Property Details for 218 East 27th Street

Zoning
LARD1.5
Parcel Number
5128002013
Total Units
5.0
Living Area
4356
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
3.00%
Lot Size Area
6253

Location

Listing Courtesy of Keller Williams Studio City, Michael Pesci, DRE #01274379; Keller Williams Realty-Studio City, James Antonucci, DRE #01822661
Add your commute
LISTING UPDATED: 04/06/2024 01:31 PM

Property Details for 218 East 27th Street

StatusActive
MLS #24-371861
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1912
Lot Size0.14 AC / 6,253 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Studio City, Michael Pesci, DRE #01274379; Keller Williams Realty-Studio City, James Antonucci, DRE #01822661
Add your commute

Building Information for 218 East 27th Street

Stories2Residences-Year Built1912Building Size-Lot Size0.14 AC / 6,253 SF

Payment Calculator

$4,708 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,339

Property Taxes

$369

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 218 East 27th Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 1+1, 2+1
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $75,596
  • Net Operating Income: $45,344.00
  • Gross Income: $77,934
  • Gross Rent Multiplier: $10.20
  • Total Annual Expense: 30252
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1435
  • Lot Size Square Feet: 6253
  • Lot Size Dimensions: 50x125
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 1
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Window Unit(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,040.00
  • Unit Actual Rent: $5,201.00
  • Unit Projected Rent: $8,750.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,294.00
  • Unit Actual Rent: $1,294.00
  • Unit Projected Rent: $2,125.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $155,309.00
  • Assessed Improvement Percent: 53.98
  • Assessed Land Value: $132,404.00
  • Assessed Land Percent: 46.02
  • Assessed Total Value: $287,713.00

Property History for 218 East 27th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 218 East 27th Street

Taxable ValueLand$132,404Additions$155,309Total$287,713
Tax Record2023$4,434 ($369 / month)
Home Facts
Total Finished SqFt4,356 SqFtAbove Grade Finished SqFt4,356 SqFtLot Size6,251 SqFtStyleMulti-Family Res (5+ Units)Year Built1912ZoningLARD1.5CountyLOS ANGELESAPN5128-002-013

Schools near 218 East 27th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Dolores Huerta Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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218 East 27th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on March 22, 2024 by Keller Williams Studio City, it's currently listed at $795,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Dolores Huerta Elementary School, John Adams Middle School and Thomas Jefferson Senior High School. 218 East 27th Street is a 7-bed, 5-bath, 4,356 sqft multi-family home built in 1912.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Studio City, Michael Pesci, DRE #01274379; Keller Williams Realty-Studio City, James Antonucci, DRE #01822661

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.