310 N St Andrews Place, Los Angeles, CA 90004 (MLS # 25519469)
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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 (the duplex is currently vacant and the main building is fully 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.
| DAYS ON MARKET | 2 | LAST UPDATED | 4/1/2025 |
|---|---|---|---|
| YEAR BUILT | 1941 | COMMUNITY | Hancock Park-Wilshire |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | Hancock Park-Wilshire |
|---|---|
| HEAT | Central |
| LOT | 7166 sq ft |
| STORIES | 1 |
| STYLE | Other |
| ZONING | LAR3 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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