310 N St Andrews Pl
Property Description
Situated in the highly desirable Mid-Wilshire neighborhood, 310 N. St. Andrews Place 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. Two units recently became vacant and 6 units are occupied by responsible tenants. The property offers a CAP rate of 5.07% and a GRM of 13.70. 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.
Broker Details
Keller Williams Los Feliz (323) 300-1000
MLS ID: X60748 State License Number: 01394690
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,490,000 |
| No. of Units: | 8 |
| Year Built: | 1941 |
| Lot Size: | 6,216.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $311,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 8 |
ID: 3yd-CLAWCA-26841451
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