24-Bedroom Residential Income - 127 S St Andrews Place, Los Angeles, CA

$4,490,000

127 S St Andrews Place, Los Angeles, CA

127 S St Andrews Place, Los Angeles, CA 90004 - $4,490,000 · 24 bd 24 ba Multi-Family Home for Sale, photo 3

127 S St Andrews Place, Los Angeles, CA 90004 - $4,490,000 · 24 bd 24 ba Multi-Family Home for Sale, photo 4

127 S St Andrews Place, Los Angeles, CA 90004 - $4,490,000 · 24 bd 24 ba Multi-Family Home for Sale, photo 5

View in Nalren App Get the App

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!

Property details

Bedrooms

Bathrooms

Square feet

14,520

Year built

1961

Property type

Residential Income

Lot size

14,205 sqft

Location

127 S St Andrews Place • Los Angeles, CA 90004

More homes for sale and rent in Los Angeles, CA →

Listed by

Yong Su Koh · Urban Real Estate, Inc.

Similar Listings

Recent sales near 127 S St Andrews Place

113 1/2 N Manhattan: Sold $1,190,000 · 3 bd · 4 ba · 1,866 sqft · Aug 2026 · 0.1 mi
Arex | DRE #02325846
Buyer's agent: Julie Ahn, IRN Realty | DRE #01875992
138 N Wilton Place: Sold $2,282,500 · 4 bd · 4 ba · 3,208 sqft · Jun 2026 · 0.2 mi
Berkshire Hathaway HomeServices California Properties | DRE #01000976
Buyer's agent: Joseph Lupariello, Berkshire Hathaway HomeServices California Properties | DRE #01942633
122 N Ridgewood Place: Sold $1,450,000 · 5 bd · 4 ba · 2,389 sqft · Sep 2026 · 0.2 mi
Equity Union | DRE #00985615
Buyer's agent: Rebecca Sekulich, Compass | DRE #01823516
253 S St Andrews Place: Sold $1,750,000 · 3 bd · 2 ba · 1,684 sqft · Aug 2026 · 0.2 mi
Coldwell Banker Realty | DRE #01467820
Buyer's agent: Marlyse Scherr, Coldwell Banker Realty | DRE #01943031
214 S Van Ness Avenue: Sold $4,900,000 · 4 bd · 4 ba · 3,979 sqft · Jul 2026 · 0.2 mi
The Agency | DRE #01796518
Buyer's agent: Jenna Cooper, Compass | DRE #01352710
4707 Beverly Boulevard: Sold $1,515,000 · 12 bd · 10 ba · 6,681 sqft · Jul 2026 · 0.3 mi
Compass | DRE #02054048
Buyer's agent: Max Berger, Compass | DRE #02054048
257 S Van Ness Avenue: Sold $2,925,000 · 5 bd · 3 ba · 3,631 sqft · Jul 2026 · 0.3 mi
257 S Van Ness Avenue: Sold $2,925,000 · 5 bd · 3 ba · 3,631 sqft · Jul 2026 · 0.3 mi
Compass | DRE #01968030
Buyer's agent: Marlyse Scherr, Coldwell Banker Realty | DRE #01943031

Closed sales reported in 90004, nearest first, last 12 months. All recent sales in Los Angeles →