$ 4,490,000
-
$4,490,000
Price -
3
Bed -
3
Bath -
14,520
SqFt
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About the Listing CLW-X78945 - CLW-C136670
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!
Listing Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Dishwasher, Microwave, Refrigerator
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 23
- Lot Dimensions: 100x142
- Zoning: LAR3
- Roof:
- Others: Updated/Remodeled,2+ Total Units
- Sewer:
- Parking Features: Assigned,Covered,Community Structure
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5516022017
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
127 S St Andrews Pl Los Angeles, CA 90004
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