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24-Bedroom ResidentialIncome — 127 S St Andrews Place, Los Angeles, CA

$4,490,000

127 S St Andrews Place, Los Angeles, CA

$4,490,000 — 127 S St Andrews Place, Los Angeles, CA — photo 1 $4,490,000 — 127 S St Andrews Place, Los Angeles, CA — photo 2 $4,490,000 — 127 S St Andrews Place, Los Angeles, CA — photo 3 $4,490,000 — 127 S St Andrews Place, Los Angeles, CA — photo 4 $4,490,000 — 127 S St Andrews Place, Los Angeles, CA — photo 5
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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!

Property details

Bedrooms
24
Bathrooms
24
Square feet
14,520
Year built
1961
Property type
ResidentialIncome

Location

127 S St Andrews Place • Los Angeles, CA 90004

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Listed by

Yong Su Koh · Urban Real Estate, Inc.

Listing courtesy of Urban Real Estate, Inc.. Information deemed reliable but not guaranteed.

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