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    3956 W 27Th St

    Los Angeles, CA 90018
    • $1,925,000
    • STATUS: Active Under Contract
    • ON SITE: 26 days
    • ID#: 21-732396
    Under Contract
    UPDATED: 72 min ago
    $1,925,000
    • 8
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,880
      SQFT
    • $394
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T16:42:43.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/117301255
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    3956 W 27Th St Los Angeles, CA 90018

    • Price: $1,925,000
    • Status: Active Under Contract
    • Updated: 72 min ago
    • ID#: 21-732396
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,880
    SQFT
    $394
    $/SQFT
    1924
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    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.
    Exterior Features

    Lot Size Area 8011 Other Structures None Parking Garage AssignedSide By Side Total Parking 6

    Interior Features

    Baths Total 8.00 Cooling None Equipment RefrigeratorRange/OvenCeiling Fan Heating Wall Gas

    Property Features

    Alley YN Yes Assessed Total Value 1044544 Gross Income 149892 Gross Operating Income 145395 Like Units1 8 Net Operating Income 100567.00 Number Of Buildings 3 Number Of Units 8 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 44828 Type Of Units Apartments Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Jordan Peikin DRE#02015987 of Clement Partners Real Estate.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T16:42:43.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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