5734 S St Andrews Place, Los Angeles, CA 90062

About this property

*$50K PRICE REDUCTION* Four recently completed & exquisitely renovated units South of USC. Seller is in the process of leasing the last two units and based on the first two units already leased this will be at least a 7.4%+ cap rate presumably higher. The large 3+2 unit has an upper bonus study/living room area and potential FOURTH BEDROOM area. This is a gentrifying location. They recently built the Chesterfield Square mall with Starbucks, Jamba Juice, Walgreens, Panda Express, Food 4 Less, Home Depot, etc. All are a 5 minute walk away. Plus they are building 44 brand new luxury units at the end of the block. This location is Very Walkable - 78 Walk score and is a Transportation Oriented Development area that has attracted $2 Billion Dollars in new development and investors are eyeing additional multi-use developments. All of this is in the marketing package. ***PLEASE REQUEST A MARKETING PACKAGE***

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$1,300,000

Sold October 2023 · listed $1,398,000, orig. $1,448,000, on market July 2023 · MLS #23287825 · Source: CRMLS

Listing Agent: Kelly Morgan · Listing Office: Houze Real Estate Management · Contact: 323-852-1372 · Bought with: Jake Malloy · Engel & Volkers Pasadena

$630,000

Sold September 2022 · listed $679,000, orig. $730,000, on market July 2022 · MLS #22174359 · Source: CRMLS

Listing Agent: Lance Potts · Listing Office: Berkshire Hathaway HomeServices California · Contact: 310-829-0629 · Bought with: Lance Potts · Berkshire Hathaway HomeServices California

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