Student Housing Apartment
For Sale
$3,600,000
1139 W 27th St, Los Angeles, CA 90007
Nine-unit student housing property with a five-bedroom ADU and proximity to USC, transit, employment centers, and regional freeways.
Property Size8,668 SF
Lot Size0.19 Acres
Days on Market151
Property Features for 1139 W 27th St
General Information
Standard status
Active
Size
8,668 SF
Lot size
0.19 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BR, 4 x 3BR, 1 x 5BR ADU
Multifamily Units
9
Additional Details
Cap Rate
5.44%
Amenities
Located in USC's North University Park
2024 constructed ADU elevates the asset's overall condition and rental potential
Seven of the nine units have been renovated with stainless steel appliances, laminate flooring, and modern bathroom finishes, reflecting a proven renovation program that appeals to student renters
Within walking distance to USC, popular cafés, restaurants, and entertainment venues, and minutes from Downtown Los Angeles, the Coliseum, and Exposition Park
Los Angeles will host the 2028 Summer Games, which is expected to have a significant impact on the city's real estate market, including infrastructure upgrades, neighborhood improvements, and significant enhancements to nearby venues such as the LA Coliseum, Crypto.com Arena, and BMO Stadium
The recent LA City Council action to reduce allowable rent increases on RSO units should have minimal impact on student housing properties near USC, which typically benefit from turnover every school year and rental rates adjusting to market-rate
Building Details
Building Size
8,668 SF
Units
9
Listing Agency:
Los Angeles Office
(213) 943-1897
Listed By:
Sean Rosenzweig · License #CA: 01406343
(213) 943-1897
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 11:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Los Angeles Office
Investment Insights
Based on property information with market context.
This apartment property includes 9 units and 21 bedrooms, with a configuration of four one-bedroom apartments, four three-bedroom apartments, and a newly constructed five-bedroom ADU. The improvements occupy an 8,412-square-foot lot, and 7 of the 9 units have been renovated with stainless steel kitchen appliances, laminate flooring, and updated bathroom finishes.
The property is located within USC’s North University Park, south of Adams Boulevard and west of Hoover Street. Cafés, restaurants, entertainment venues, the University of Southern California, the Los Angeles Memorial Coliseum, and Exposition Park are within the surrounding area. Nearby public transportation, I-10, and I-110 provide connections to Downtown Los Angeles and other employment centers.
The offering includes a student housing community positioned near USC and is presented alongside another student housing property at 2370 Portland Street.
The property is located within USC’s North University Park, south of Adams Boulevard and west of Hoover Street. Cafés, restaurants, entertainment venues, the University of Southern California, the Los Angeles Memorial Coliseum, and Exposition Park are within the surrounding area. Nearby public transportation, I-10, and I-110 provide connections to Downtown Los Angeles and other employment centers.
The offering includes a student housing community positioned near USC and is presented alongside another student housing property at 2370 Portland Street.
Key Highlights
- 9‑unit apartment property with 21 bedrooms
- Unit mix includes four one‑bedroom units and four three‑bedroom units
- Newly constructed five‑bedroom ADU
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,777
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit student housing property with a five-bedroom ADU and proximity to USC, transit, employment centers, and regional freeways.
Where is this apartment building located?
The property is located at 1139 W 27th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 9‑unit apartment property with 21 bedrooms; Unit mix includes four one‑bedroom units and four three‑bedroom units; Newly constructed five‑bedroom ADU
