$1,925,000
$1,925,000
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7,840 Sqft Lot
SOLD DATE : 07/07/2021
Key Details
Sold Price $1,925,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21732396
Sold Date 07/07/21
HOA Y/N No
Year Built 1924
Lot Size 7,840 Sqft
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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Assigned, SideBySide
Building
Story 1
Others
Senior Community No
Tax ID 5051015011
Special Listing Condition Standard
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Bought with John Stiegler II • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States