4805 S St Andrews Place
Los Angeles, CA 90062
Active Under Contract for $1,195,000
Beds: 7 Baths: 5 Structure Size: 3,894 sqft Lot Size: 7,280 sqft
| MLS | 24433751 |
| Year Built | 1950 |
| Property Type | |
| County | Los Angeles |
| Status | Active Under Contract |
| Active Under Contract | $1,195,000 |
| Structure Size | 3,894 sqft |
| Lot Size | 7,280 sqft |
| Beds | 7 |
| Baths | 5 |
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.
Listing information courtesy of: Keith Brennan, Brennen Realty 310-733-7376. *Based on information from the Association of REALTORS/Multiple Listing as of 11/25/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Ting Li
REALTOR®
Direct: 626.716.8699
Email: Email Me
DRE: 01881302
DRE #01873088
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