4805 S St Andrews Place, Los Angeles, CA 90062
Property
Sold December 2024
Listing Agent: Keith Brennan (DRE #01214434) · Listing Office: Brennen Realty · Contact: 310-881-2940 · Bought with: Keith Brennan · Brennen Realty · MLS #24433751 · Source: CRMLS
About this property
6.3% Cap Rate. (7.4% Cap Rate after ADU construction). Currently 10.53 GRM. 35% upside in rents. Additional future income potential of $24,000/year after construction of one bedroom ADU. Property has approved permit for ADU garage conversion (potential additional income of $2,000/month). Tenants pay trash. Parking on site with access from alley. Single family neighborhood. Corner location at 48th St and S. St. Andrews. Three tenants are Sec. 8. The three bedroom unit is vacant. This unit is estimated to be $3,495 per month after renovation.
Listing description from the December 2024 sale, as reported to CRMLS.
Sale history