South Central LA Homes with Neighborhood View

South Central LA Homes with Neighborhood View

Welcome to South Central LA, a vibrant neighborhood steeped in rich culture and history, located in the heart of Los Angeles County. Known for its dynamic community spirit, South Central offers a unique blend of urban living and suburban charm, making it an ideal place for families, young professionals, and anyone looking to immerse themselves in the diverse tapestry of Los Angeles.

One of the standout features of South Central is its array of homes that boast stunning neighborhood views. Imagine waking up to the picturesque sights of the city skyline or the serene beauty of nearby parks and green spaces. Many residences in this area provide a perfect vantage point to appreciate the vibrant sunsets that paint the skies in breathtaking hues.

The community is not just about beautiful homes; it’s also a hub of activity and engagement. Local markets, restaurants, and cultural events highlight the neighborhood's rich heritage and foster a sense of belonging. Residents enjoy easy access to public transportation, making it convenient to explore all that Los Angeles has to offer, from the bustling downtown scene to the tranquil beaches.

In South Central LA, you’ll find a variety of housing options, from charming single-family homes to modern apartments, all designed to cater to diverse lifestyles. With its welcoming atmosphere and stunning views, South Central LA is more than just a place to live; it’s a community where you can thrive. Whether you’re looking to buy your first home or seeking an investment opportunity, South Central LA awaits with open arms and breathtaking vistas.

Newest South Central LA Homes with Neighborhood View

$3,150,000
SR26039501 MLS Active Status
Investment Highlights • Comprehensive 2024 Gut Renovation with New COFO: The entire building was gut renovated, resulting in a new Certificate of Occupancy issued in 2024. Over $1.2 million in capital improvements were completed, including all-new plumbing, electrical systems, drywall, paint, flooring, and cabinetry. This turnkey status provides investors with a high-quality asset and minimal immediate maintenance requirements. • Proven Micro-Unit Model with Strong Rental Yield: The building features 23 units comprised primarily of micro-units (87% studios) designed to serve budget-oriented residents in Los Angeles. This high-efficiency model yields an impressive rent of $5.28 per square foot, justifying the property's valuation through proven rental demand for smaller, affordable living spaces. • Immediate Financial Performance and High Returns: At an asking price of $3,150,000, the property offers a current CAP rate of 6.25% and a 4.04% Cash-on-Cash return, with substantial mark-to-market upside as legacy leases are brought to the property’s own recently-achieved renovated rents. • Substantial Built-In Revenue Upside: There is significant potential for growth, with the pro forma CAP rate projected at 7.74% and a Cash-on-Cash return of 9.02%. Financial projections show that monthly income can grow from the current $34,290 to a market rate of $38,337, representing an approximately 12% revenue increase as legacy leases are marked to market. • Strategic Location in Historic South Central Hub: Located at 440 E 27th Street, the property is nestled in a thriving rental hub near the University of Southern California (USC) and major transit routes like the Expo Line. The neighborhood is experiencing active revitalization and sits within a demographic area projected to have an average household income of $81,857 within a 3-mile radius by 2026.

440 E 27th, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.