1139-1143.75 West 27th Street
Multifamily | 9 Units | $400,000/unit
Marketing description
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 9-unit (8 + 1 ADU), 21-Bedroom student housing community located at 1139–1143¾ West 27th Street. The property is situated south of Adams Boulevard and west of Hoover Street, within USC’s North University Park.
The location offers walking-distance access to popular cafés, restaurants, and entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways.
Situated on an 8,412-square-foot lot, the property features four one-bedroom units, four three-bedroom units, and one newly constructed five-bedroom ADU. Seven of the nine units have been renovated with stainless steel kitchen appliances, laminate flooring, and modern bathroom finishes, showcasing a proven renovation program that resonates with USC students.
27 West presents investors with a rare opportunity to acquire a mid-sized, well-managed USC student housing community within one of the most desirable student housing zones.
The property is being offered alongside another student housing community at 2370 Portland Street (The Portland Place).
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS
Investment highlights
A TOP-TIER LOCATION
Located in USC’s North University Park
NEWLY CONSTRUCTED ADU
2024 constructed ADU elevates the asset’s overall condition and rental potential
RENOVATED UNITS
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
PROXIMITY TO USC & DOWNTOWN LA
Within walking distance to USC, popular cafés, restaurants, and entertainment venues, and minutes from Downtown Los Angeles, the Coliseum, and Exposition Park
STRONG FUTURE OUTLOOK
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
REGULATORY RESILIENCE COMPARED TO TRADITIONAL MULTIFAMILY
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
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