127 S St Andrews Place,Los Angeles, CA 90004
Los Angeles, CA 90004
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!
Details
| MLS # | 26858349 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 94 |
| Listing Provided By | Urban Real Estate, Inc. | Yong Su Koh |
Features
| Bed(s) | 24 |
|---|---|
| Bath(s) | 24 |
| SQ Feet | 14,520 |
| Story(s) | 2 |
| Units | 20 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.33 |
| Property View | Yes |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Dishwasher, Microwave, Refrigerator |
Exterior
| Security Features | Gated Community |
|---|
Parking
| Parking Features | Assigned, Covered, Community Structure |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90004) | |
Price: $4,490,000 low | high Med: $1,912,500 sqft: 14,520 low | high Med: 7,094 $ / sqft: $309 low | high Med: $270 On site: 94 low | high Med: 17.5 | |
Market Activity 90004
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90004) | |
Price: $4,490,000 low | high Med: $1,912,500 sqft: 14,520 low | high Med: 7,094 $ / sqft: $309 low | high Med: $270 On site: 94 low | high Med: 17.5 | |
