90011 Homes with Mountain(s) View

Welcome to the vibrant heart of Los Angeles, where the zip code 90011 offers an eclectic blend of urban energy and natural beauty. Nestled in the bustling county of Los Angeles, this area is a treasure trove of cultural diversity and rich history, making it a fantastic place to call home.

One of the standout features of homes in this region is the breathtaking mountain views that grace the skyline. Imagine waking up each morning to the serene sight of majestic peaks, providing a stunning backdrop to your daily life. These homes not only offer a comfortable living space but also a unique connection to nature, inviting you to explore the nearby hiking trails and outdoor activities that the mountains have to offer.

The community in 90011 is vibrant and engaging, with a variety of local shops, restaurants, and parks that foster a sense of belonging. Whether you’re enjoying a leisurely stroll through the neighborhood or savoring delicious cuisine from local eateries, you’ll find that there’s always something to experience.

For families, the area is served by several schools and community resources, ensuring that residents have access to quality education and recreational opportunities. With its close proximity to downtown Los Angeles, residents can easily enjoy the city's iconic attractions while retreating to the peacefulness of their mountain-view homes.

In 90011, you’ll find not just a place to live, but a community that thrives on connection, beauty, and adventure. Come discover the charm and allure of this remarkable Los Angeles neighborhood!

Newest 90011 Homes with Mountain(s) View

$3,000,000

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 $3,000,000, the property offers a current CAP rate of 6.62% and a 5.29% 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 8.19% and a Cash-on-Cash return of 10.52%. 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

Start Your Search

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.