914 S. St. Andrews
- California
- Los Angeles
Property Information
- Address: 914 S. St. Andrews Place
- City: Los Angeles
- State: California
- Zip Code: 90019
- Units: 8
- Price: $1,600,000
Property Financials
- Price per Unit: $200,000
- Current Cap Rate: 6.12%
- Market Cap Rate: 7.77%
- Current GRM: 10.09
- Market GRM: 8.55
Property Description
Highlights
- First Time on Market Since 1995
- 6.12% In-Place Cap Rate / 7.77% Pro Forma Cap Rate
- Attractive $200,000 Per-Unit Basis
- ~27% Projected NOI Growth
- Desirable Unit Mix for the Submarket + 1:1 Parking Ratio
- Prime Koreatown Location – 90 Walk Score
- Close to Neighborhood Amenities, Employment & Transit
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