127 S St Andrews Pl, Los Angeles, CA 90004
127 S St Andrews Pl, Los Angeles, CA 90004
127 S St Andrews Pl, Los Angeles, CA 90004
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$4,490,000
Est. payment /mo
24 Beds
24 Baths
14,520 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,520 sqft

Price per Sqft $309

MLS Listing ID 26858349

Style Contemporary

Bedrooms 24

Construction Status Updated/Remodeled

Year Built 1961

Lot Size 0.326 Acres

Acres 0.3261

Property Sub-Type Multi-Family

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!

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Air Conditioning

Flooring Laminate

Equipment Dishwasher, Freezer, Microwave, Refrigerator, Range/Oven

Laundry Community

Exterior

Parking Features Assigned, Covered Parking, Community Garage

Garage Spaces 23.0

Pool None

Waterfront Description None

View Y/N Yes

View Walk Street

Building

Architectural Style Contemporary

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Urban Real Estate, Inc.

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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