810 St Andrews Pl Los Angeles, CA 90005

This 18-unit apartment building, located at 810 S St Andrews Pl, Los Angeles, CA 90005, presents a compelling investment opportunity. Built in 1932, this three-story masonry structure boasts 15,260 square feet on a 6,875-square-foot lot, zoned LAR4. The property features eighteen 1-bedroom, 1-bathroom units, each approximately 850 square feet. Recent upgrades include copper plumbing and a new waste line (installed within the last two years). The building offers a strong net operating income (NOI) of $199,124, resulting in a 5.04% capitalization rate and a price per unit of $219,444. The asking price is $3,950,000. Its central location in Hancock Park provides easy access to public transportation (a 7-minute walk to the Wilshire/Western Station), freeways (10, 101, and 110), and a variety of amenities including restaurants, cafes, boutiques, and entertainment venues. The property's walk score is 94, reflecting its pedestrian-friendly environment. This property offers a blend of classic charm and modern updates, making it an attractive investment in a highly desirable Los Angeles neighborhood.