20-Unit Apartment
For Sale
$4,490,000
127 S St Andrews Pl, Los Angeles, CA 90004
Fully leased multifamily property with a one- and two-bedroom unit mix and subterranean parking.
Property Size14,520 SF
Price / SF$309.23
Days on Market52
Property Features for 127 S St Andrews Pl
General Information
Standard status
Active
Size
14,520 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
14,520 SF
Year Built
1961
Listing Agency:
Urban Real Estate, Inc.
Listed By:
Yong Su Koh · License #01978670
Source:
Benbelack
Added: Jul 10
Changed: Aug 30
Last Checked: Jul 30 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Urban Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 1961, this 14,520-square-foot apartment property contains 20 units on a 14,201-square-foot LAR3 lot. The configuration includes 16 one-bedroom, one-bath residences and four two-bedroom, two-bath residences. Subterranean parking provides 23 spaces, equivalent to a 1.15:1 parking ratio. Gas and electric service are individually metered, while water sub-metering is being installed on a unit-by-unit basis.
The property sits between Hancock Park and Koreatown at 127 S St Andrews Place in Los Angeles. Metro B and D Line stations are within walking distance. The asset is reported as 100% leased and carries a 6.22% cap rate, with an 8.41% pro forma cap rate identified as below-market units turn over.
The property sits between Hancock Park and Koreatown at 127 S St Andrews Place in Los Angeles. Metro B and D Line stations are within walking distance. The asset is reported as 100% leased and carries a 6.22% cap rate, with an 8.41% pro forma cap rate identified as below-market units turn over.
Key Highlights
- 20 units: 16 1BD/1BA and 4 2BD/2BA
- 14,520 SF building on a 14,201 SF LAR3 lot
- 23 subterranean parking spaces with a 1.15:1 ratio
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 90004, CA
58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased multifamily property with a one- and two-bedroom unit mix and subterranean parking.
Where is this apartment building located?
The property is located at 127 S St Andrews Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,490,000.
What are key features of this property?
This property features: 20 units: 16 1BD/1BA and 4 2BD/2BA; 14,520 SF building on a 14,201 SF LAR3 lot; 23 subterranean parking spaces with a 1.15:1 ratio
