310 N St Andrews Place, Los Angeles, CA 90004
List Price: $2.49M
Listing Status: Active
0Days on Market: 90
10 Bedrooms · 8 Bathrooms · 6,216 sq ft
Property Type: ResidentialIncome
Year Built: 1941
Lot Size: 7,166 sq ft
MLS Number: 26642069
About This Property
Situated in the highly desirable Mid-Wilshire neighborhood, 310 N St Andrews Pl offers excellent cash flow (fully occupied), making it an ideal investment opportunity! This property features two buildings: a brand-new 750 sf duplex ADU at the rear and a 5,466 sf main building with 6 units. The actual monthly rental income is $15,128. All 8 units are occupied by responsible tenants. The property offers an actual CAP rate of 5.06% and a GRM of 13.72. The main building is well-maintained, featuring copper plumbing throughout, and 5 of the units have updated kitchens and bathrooms. Central heating system for the main building AND split A/C & heating units for the duplex. There are 6 car garages, which currently accommodates 7-8 car parking. Perfectly located adjacent to Hancock Park and minutes from the trendy neighborhoods of Silver Lake, Larchmont Village, and Hollywood. Don't miss out on this opportunity! Water & gas for the water heater for the main building is paid by the property owner. Tenants pay for trash, electricity, & gas (cooking & heating) for the main building. For the new duplex ADU, the property owner pays for water & gas, and the tenants pay for electricity & trash.
Listing provided by: Johnny Cho DRE #01394690 323-300-1000 JohnnyCho@kw.com, Keller Williams Realty Los Feliz
Source: CRMLS, MLS #: 26642069
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.