127 S St Andrews Place, Los Angeles, CA 90004

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
127 S St Andrews Place,Los Angeles, CA 90004
$4,490,000
  • 24 Beds
  • 24 Baths
  • 14,520 sq. ft.
  • Multi-family
  • Active
Listed by: yong su koh
Office: urban real estate, inc.213-318-0777
MLS#:26858349
Source:CRMLS

Price summary

  • Price:$4,490,000
  • Price per sq. ft.:$309.23

About this home

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!

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Home facts

  • Year built:1961
  • Listing ID #:26858349
  • Added:112 day(s) ago
  • Updated:October 31, 2026 at 12:44 PM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:24
  • Flooring:Laminate
  • Kitchen Description:Dishwasher, Microwave, Refrigerator
  • Living area:14,520 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1961
  • Building area:14,520 sq. ft.
  • Lot area:0.33 Acres
  • Architectural Style:Contemporary
  • Levels:2 Story

Finances and disclosures

  • Price:$4,490,000
  • Price per sq. ft.:$309.23

Features and amenities

  • Appliances:Dishwasher

Parking

  • Total parking spaces:23
  • Parking description:Assigned, Community Structure, Covered
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