Property listed by Keller Williams Realty Los Feliz, Johnny Cho 323-300-1000
$2,490,000
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. One unit is vacant and… Read More 7 units are occupied by responsible tenants. The property offers a CAP rate of 5.11% and a GRM of 13.62. 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. Read Less
Listing Snapshot
Days Online
28
Last Updated
Beds
10
Square Ft.
6,216
Lot Size
0.16 Acres
Year Built
1941
MLS Number
26841451
Additional Details
Building
Built in 1941, Living area: 6216.0, 2 buildings, 2 stories, Levels: One
Disclosures
RentControl
Heating
Central
Income
Gross Income: $182,872, Net Operating Income: $127,332
Laundry
None
Lot
0.1645 acres
Parking
7 total parking spaces
Taxes
Parcel Number: 5522032022, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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