About 127 S St Andrews Place
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!
Features of 127 S St Andrews Place
| MLS® # | 26858349 |
|---|---|
| Price | $4,490,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Square Footage | 14,520 |
| Lot Size | 14,205 |
| Year Built | 1961 |
| Type | Residential Income |
| Style | Contemporary |
| Status | Active |
| # Of Units | 20 |
Community Information
| Address | 127 S St Andrews Place |
|---|---|
| Area | C18 - Hancock Park-Wilshire |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90004 |
Amenities
| Parking Spaces | 23 |
|---|---|
| Parking | Assigned, Covered, Community Structure |
| Garages | Assigned, Covered, Community Structure |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Laminate |
|---|---|
| Appliances | Dishwasher, Microwave, Refrigerator |
| Heating | Wall Furnace |
| Has Basement | No |
| Fireplace | No |
| Stories | Two |
School Information
| District | Los Angeles Unified |
|---|
Additional Information
| Date Listed | July 10th, 2026 |
|---|---|
| Days on Market | 29 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Yong Su Koh |
|---|---|
| Office | Urban Real Estate, Inc. |