127 S St Andrews Place
Property Overview
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!
Home Details
- Property type
- Residential Income
- Year built
- 1961
- Living area
- 14,520 sq ft
- Lot size
- 14,205 sq ft
- Parking
- 23 spaces
- Days on market
- 8
- MLS status
- Active
- Architectural style
- Contemporary
- Zoning
- LAR3
Features & Amenities
Appliances
- Dishwasher
- Microwave
- Refrigerator
Parking
- Assigned
- Covered
- Community Structure
Pool
- None
Security
- Gated Community
Community, Schools & Utilities
Community
- View
- Yes
Schools
- School district
- Los Angeles Unified
Utilities
- Heating
- WallFurnace
Location & Neighborhood
Frequently Asked Questions About 127 S St Andrews Place
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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