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. One of the ADU units & a 2 bedroom unit (upper unit) are currently vacant, and the rest of the building is 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.
Property Details
Price:
$2,490,000
MLS #:
25519469
Status:
Active
Baths:
0
Address:
310 N St Andrews Place
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Apr 1, 2025
State:
CA
ZIP:
90004
Lot Size:
7,166 sqft / 0.16 acres (approx)
Year Built:
1941
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Schools
Interior
Heating
Central
Exterior
Parking Spots
7.00
Stories Total
2
Financial
Map
Community
- Address310 N St Andrews Place Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
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310 N St Andrews Place
Los Angeles, CA
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