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127 S St Andrews Place, Los Angeles, CA 90004

Los Angeles
Local realty services provided by:CENTURY 21 Masters
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:51 day(s) ago
  • Updated:August 31, 2026 at 11:39 AM

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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Masters is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Masters, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Randy Keith Thompson

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