28
See all 28 photos
$2,490,000
Est. payment /mo
10 Beds
8 Baths
6,216 SqFt
Active
310 N St Andrews PL Los Angeles, CA 90004
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Key Details
Property Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 6,216 sqft
Price per Sqft $400
MLS Listing ID 25519469
Bedrooms 10
HOA Y/N No
Year Built 1941
Lot Size 7,165 Sqft
Property Description
Situated in the highly desirable Mid-Wilshire neighborhood, 310 N St Andrews Pl offers excellent cash flow (fully occupied), making it an ideal investment opportunity! This property features two buildings: a brand-new 750 sf duplex ADU at the rear and a 5,466 sf main building with 6 units. The actual monthly rental income is $15,128. All 8 units are occupied by responsible tenants. The property offers an actual CAP rate of 5.06% and a GRM of 13.72. The main building is well-maintained, featuring copper plumbing throughout, and 5 of the units have updated kitchens and bathrooms. Central heating system for the main building AND split A/C & heating units for the duplex. There are 6 car garages, which currently accommodates 7-8 car parking. Perfectly located adjacent to Hancock Park and minutes from the trendy neighborhoods of Silver Lake, Larchmont Village, and Hollywood. Don't miss out on this opportunity! Water & gas for the water heater for the main building is paid by the property owner. Tenants pay for trash, electricity, & gas (cooking & heating) for the main building. For the new duplex ADU, the property owner pays for water & gas, and the tenants pay for electricity & trash.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR3
Interior
Heating Central
Fireplace No
Laundry None
Exterior
Total Parking Spaces 7
Building
Story 2
Entry Level One
Architectural Style See Remarks
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5522032022
Special Listing Condition Standard
Listed by Johnny Cho Keller Williams Realty Los Feliz