127 S St Andrews Place, Los Angeles, CA 90004
List Price: $4.49M
Listing Status: Active
0Days on Market: 0
24 Bedrooms · 24 Bathrooms · 14,520 sq ft
Property Type: ResidentialIncome
Year Built: 1961
Lot Size: 14,205 sq ft
Private Pool: Yes
MLS Number: 26858349
About This Property
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!
Listing provided by: Yong Su Koh DRE #01978670 213-318-0777 kohyongsu@gmail.com, Urban Real Estate, Inc.
Source: CRMLS, MLS #: 26858349
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.