Property Details

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ROYCE at 702 S. St. Andrews Place, a fully renovated 16-unit investment opportunity located in the highly desirable Koreatown submarket. Originally constructed in 1957, the Subject Property is a striking two-story structure that has recently undergone a full interior and exterior renovation in 2017. The offering represents a rare opportunity for an investor to acquire a turn-key asset, in an exceptionally desirable, high demand rental market.

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The Property has a total unit mix of eight one bedroom one bath units and eight studios, boasting open and spacious floor plans. All of the 16 units have been immaculately renovated with luxury modern finishes which include: new kitchen cabinets, modern countertops and backsplashes, stainless steel appliances, new laminate flooring, new bathtubs, new vanities, designer interior doors, modern closets with new interior systems, modern bathroom vanities and fixtures, and new AC units and heaters.

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Additionally, five of the units are equipped with in-unit washer and dryers. The exterior and building upgrades include a new roof, new windows, new copper plumbing, new electrical upgrades, new panels, new landscaping with a drip system and new exterior paint.

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