4805 S St Andrews Place

Los Angeles, CA 90062

$1,195,000

List Price

7

bed Beds

5

shower Baths

3,894 sqft

straighten / sqft

1950

calendar_month Built

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.

Listing Information

List Price $1,195,000
Status Active
MLS 24433751
Type Residential Income
Year Built 1950
Lot Size 7,280
Structure Size 3,894
DOM 37
Courtesy Of Brennen Realty
Listing Agent Keith Brennan DRE#01214434

Interior Features

Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 5
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Keith Brennan, Brennen Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 4th, 2024 at 7:17 PM 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.