310 N St Andrews Place Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,216 sqft
Price per Sqft $400
MLS Listing ID CL25519469
Year Built 1941
Lot Size 7,166 Sqft
Property Sub-Type Other
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
Zoning LAR3
Interior
Heating Other
Laundry No Hookups
Building
New Construction No