Multi-Family for sale in Southern California — $4,490,000. 24 beds · 24 baths · 14,520 sqft. 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…
$4,490,000
127 S St Andrews Place, Los Angeles, CA 90004
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!
Listing updated: July 18, 2026 at 12:14 AM
Listed by: Yong Su Koh, Urban Real Estate, Inc.
Source: CRMLS, MLS#: 26858349, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
7/10/2026 Source: CRMLS, #26858349 | Listed for sale | $4,490,000$309/sqft |
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