127 S St Andrews Pl 24BR Mid Wilshire La
| Website: | https://www.nestseekers.com/5628864 |
|---|---|
| Address: | 127 S St Andrews Pl LOS ANGELES, CA 90004 |
| Ownership: | For Sale |
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| Bedrooms: | 24 BR |
| Bathrooms: | 24 |
| Area: | 14205 sq ft |
| Lot Size: | 0.3 Acres |
Financials
Price:$4,490,000
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!
271 North Canon Drive Beverly Hills, CA 90210 Phone: +1 310-280-8983 Fax: +1 310-362-0351 | |
| Listing Courtesy of Urban Real Estate, Inc. | |
