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4805 S St Andrews Place

Los Angeles (City), CA 90062
  • $1,195,000
  • STATUS: Active Under Contract
  • ON SITE: 164 Days
  • ID#: 24433751
Under Contract
UPDATED: 205 min ago
$1,195,000
  • 7
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,894
    SQFT
  • $307
    $/SQFT
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Keith Brennan of Brennen Realty (310-881-2940)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-11T00:27:25.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/154398397
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4805 S St Andrews Place Los Angeles (City), CA 90062

  • Price: $1,195,000
  • Status: Active Under Contract
  • On Site: 164 Days
  • Updated: 205 min ago
  • ID#: 24433751
7
Beds
0
Baths
0
½ Baths
0.17
Acres
3,894
SQFT
$307
$/SQFT
1950
Built
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
Property Description
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.
Exterior Features

Direction Faces North Entry Location Ground Level - no steps Open Parking Spaces 6 Parking Features None Parking Total 2

Interior Features

Appliances Refrigerator Cooling None Cooling YN No Heating Electric Heating YN Yes

Property Features

Association YN No Gross Income 0 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Listing Terms Cash Net Operating Income 75353 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityTrash Collection Vacancy Allowance Rate 1 Zoning LAR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-11T00:27:25.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Keith Brennan of Brennen Realty (310-881-2940)