702 S St Andrews Place, Los Angeles, CA 90005

About this property

The Royce is a beautifully remodeled 16 unit apartment building that is located in trendy and dynamic Koreatown. All 16 units interiors, exteriors and common areas have been remodeled to condo quality. The complex has been re-branded with strategic exterior enhancements and details. Spacious and efficient floor plans with well-appointed living areas. The subject property consists of a two story wood frame apartment complex built in 1957 and completely renovated in 2017. Unit mix of 8 one bedroom one bath and 8 studios all with modern kitchens, stainless steel appliances, upgraded bathrooms with tiled bathrooms and luxury fixtures. New roof, windows, cabinets, laminate flooring, recessed lighting, new copper plumbing, quartz counter tops, landscaping and exterior paint. The building is walking distance to popular Koreatown shops, restaurants, and entertainment destinations. The Wilshire/Western Metro Station is two blocks away. Walk score of 94. Cap rate of 5.12%

Listing description from the January 2019 sale, as reported to CRMLS.

Sale history

$4,950,000

Sold January 2019 · listed $4,999,999, orig. $5,095,000, on market September 2018 · MLS #OC18217041 · Source: CRMLS

Listing Agent: Manuel Bernal · Listing Office: Bernal Capital Group · Contact: 949-248-8548 · Bought with: Manuel Bernal · Bernal Capital Group

$3,080,000

Sold March 2017 · listed $2,950,000, on market December 2016 · MLS #16187540 · Source: CRMLS

Listing Agent: Jae Sung Choi · Listing Office: Ivy Realty Co. · Contact: 213-386-8888 · Bought with: Subscriber Non · Non-Participant Office

Explore Los Angeles