Compelling In-Place Yield with Additional Upside 914 S. St. Andrews Place presents an opportunity to acquire an eight-unit multifamily property in the heart of Koreatown, one of Los Angeles’ most vibrant and centrally located rental markets. Offered for the first time since 1995, the property combines a strong 6.12% in-place cap rate with a clear path to additional income growth through rental upside and the implementation of parking income. At the asking price of $1,600,000, the property is offered at an attractive basis of $200,000 per unit and a 10.09 current GRM. Strong Current Cash Flow + Projected NOI Growth The property currently generates $97,856 in annual NOI, with pro forma NOI projected at $124,240, providing meaningful income growth potential. Scheduled rental income is projected to increase from $158,508 to $177,540, while an additional $9,600 in annual parking income provides another source of revenue growth. At projected operations, the property produces a 7.77% pro forma cap rate and an 8.55 GRM. Rent Growth Concentrated in the One-Bedroom Units The eight-unit property features a desirable mix of six one-bedroom/one-bath units, one two-bedroom/one-bath unit and one studio, along with eight parking spaces for a 1:1 parking ratio. The six one-bedroom units currently average approximately $1,548 per month. Comparable one-bedroom rents average $1,800 per month, indicating approximately $252 per month of average upside across the one-bedroom units. Attractive Basis Relative to Recent Sales At $200,000 per unit, 914 S. St. Andrews is priced slightly below the approximately $211,111 per-unit average of the five comparable sales presented in the OM. More notably, the property's 6.12% current cap rate compares favorably with the 5.35% average cap rate among the comparable transactions reporting cap-rate data, providing investors with comparatively strong day-one yield at the offered basis. Prime Koreatown Location Built in 1967, the approximately 4,744-square-foot property occupies a ±6,125-square-foot lot and benefits from separately metered utilities and eight on-site parking spaces. Its Koreatown location offers convenient access to neighborhood amenities, employment centers and transit, supported by a 90 Walk Score, enhancing the property's long-term appeal within one of Los Angeles' most active urban rental markets.