4805 S St Andrews Place
Los Angeles, CA, 90062
$1,195,000
Beds
0 Baths
SqFt
0.17 Acres
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6.3% Cap Rate. (7.4% Cap Rate after ADU construction). Currently 10.53 GRM. 35% upside in rents. Additional future income potential of $24,000/year after construction of one bedroom ADU. Property has approved permit for ADU garage conversion (potential additional income of $2,000/month). Tenants pay trash. Parking on site with access from alley. Single family neighborhood. Corner location at 48th St and S. St. Andrews. Three tenants are Sec. 8. The three bedroom unit is vacant. This unit is estimated to be $3,495 per month after renovation.

Property Details

Price:
$1,195,000
MLS #:
24433751
Status:
Active Under Contract
Baths:
0
Address:
4805 S St Andrews Place
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Aug 28, 2024
State:
CA
ZIP:
90062
Lot Size:
7,280 sqft / 0.17 acres (approx)
Year Built:
1950
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Interior

Appliances
Refrigerator
Cooling
None
Heating
Electric

Exterior

Parking Features
None
Parking Spots
2.00
Stories Total
2

Financial

Tenant Pays
Electricity, Trash Collection

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Community

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Rover IDX
4805 S St Andrews Place
Los Angeles, CA