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24 Beds
24 Baths
14,520 sqft

$4,490,000

127 S St Andrews Place, Los Angeles CA, 90004

Price per sqft$309.23
Built in1961
Property size14,520 sqft
Property typeResidential

Overview

Active

Listed Jul 10, 2026

Updated 2 weeks ago

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!

$29,872/mo

Est. mortgage payment based on a $4,490,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26858349

Interior Features

Bedrooms
24
Bathrooms
24
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.33 Acres

Other Property Details

View
Yes
55+/Senior Community
No

Listed by Yong Su Koh, Urban Real Estate, Inc., CA DRE 01978670

Listing Contact: 714-319-1441 

Based on information from the CRISNet MLS as of 9/30/2026, 7:40 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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