127 S St Andrews Place, Los Angeles, CA 90004
- $4,490,000
- 24
- BD
- 24
- BA
- 14,520
- SqFt
- List Price
- $4,490,000
- Status
- ACTIVE
- MLS#
- 26858349
- Year Built
- 1961
- Bedrooms
- 24
- Bathrooms
- 24
- Living Sq. Ft
- 14,520
- Lot Size
- 14,205
- Acres
- 0.33
- Days on Market
- 18
- Property Type
- Multifamily
- Style
- Contemporary
- Stories
- Two Levels
Property Description
100% Leased. Stabilized Asset. Perfect for a 1031 Exchange. Offered as a highly motivated Trust Sale! Free and clear of debt, NO court confirmation required! This 20-unit multifamily delivers immediate, verified cash flow at a 6.22% cap rate, with a clear path to 8.41% pro-forma as the ~80% of below-market units turn over. Set at the gateway between Hancock Park and Koreatown, built 1961 on a 14,201 SF LAR3 lot (14,520 SF building); 16 1BD/1BA + 4 2BD/2BA units. A rare 1.15:1 subterranean parking ratio (23 spaces, well above submarket norm) drives strong tenant retention. Individually metered gas & electric, with water sub-metering currently being installed unit-by-unit. Steps to Metro B & D Line - with renter demand accelerating ahead of the 2028 LA Olympics!
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Additional Information
- Appliances
- Dishwasher, Microwave, Refrigerator
- Pool Description
- None
- Heat
- Wall Furnace
- School District
- Los Angeles Unified
- Attached Structure
- Attached
- Number Of Units Total
- 20
Listing courtesy of Listing Agent: Yong Su Koh (kohyongsu@gmail.com) from Listing Office: Urban Real Estate, Inc..
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