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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$4,490,000

Est. payment - /mo

24 Beds

24 Baths

14,520 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 14,520 sqft

Price per Sqft $309

MLS Listing ID 26858349

Bedrooms 24

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1961

Lot Size 0.326 Acres

Property Description

100% Leased. Stabilized Asset. Perfect for a 1031 Exchange. Offered as a highly motivated Trust Sale! Free and clear of debt, NO court confirmation required! This 20-unit multifamily delivers immediate, verified cash flow at a 6.22% cap rate, with a clear path to 8.41% pro-forma as the ~80% of below-market units turn over. Set at the gateway between Hancock Park and Koreatown, built 1961 on a 14,201 SF LAR3 lot (14,520 SF building); 16 1BD/1BA + 4 2BD/2BA units. A rare 1.15:1 subterranean parking ratio (23 spaces, well above submarket norm) drives strong tenant retention. Individually metered gas & electric, with water sub-metering currently being installed unit-by-unit. Steps to Metro B & D Line - with renter demand accelerating ahead of the 2028 LA Olympics!

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Heating Wall Furnace

Flooring Laminate

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator

Laundry Common Area

Exterior

Parking Features Assigned, Covered, Community Structure

Pool None

Community Features Gated

View Y/N Yes

Total Parking Spaces 23

Private Pool No

Building

Entry Level Two

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5516022017

Security Features Gated Community

Special Listing Condition Standard

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Listed by Yong Su Koh Urban Real Estate, Inc. #01978670

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

127 S St Andrews PL Los Angeles, CA 90004

Ernie Caponera

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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127 S St Andrews PL