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$2,490,000
Est. payment /mo
10 Beds
8 Baths
6,216 SqFt
UPDATED:
Key Details
Property Type Multi-Family
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, 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 projected monthly rental income is $15,128 (the duplex is currently vacant and the main building is fully occupied by responsible tenants). The property offers a projected 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
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Listed by Johnny Cho • Keller Williams Realty Los Feliz