$ 1,800,000
-
$1,800,000
Price -
8
Bed -
13
Bath -
6,827
SqFt -
0.21
Acre
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About the Listing X82195 - C138326,MRM-SBGERSFRE
1645 S St Andrews Pl | 13-Unit Value-Add Multifamily, Mid-City Los Angeles. 1960-built asset totaling 6,827 SF on a 9,277 SF LAR3 lot, one block west of Western Avenue with Koreatown to the north and quick access to the I-10 and the Metro E Line's Expo/Western station. The property features (7) studios averaging 410 SF, (4) 1BR/1BA units averaging 600 SF, and (2) 2BR/1BA units averaging 765 SF, plus 10 on-site parking spaces. Twelve of 13 units are occupied, with in-place rents averaging $1,299 against $1,820 at market, a 40% gap, and one studio delivered vacant for immediate lease-up. Offered at $1,800,000 ($138,462/unit | $263.66/SF) with a 5.89% current cap rate, the real story is turnover: RSO units that reset to market at each vacancy, a 10.01% pro forma cap with no capital program assumed, and pricing 12% below the average of six recent comparable sales.
Listing Highlights for 1645 S St Andrews Pl
Interior Details
- Bedrooms: 8
- Bathrooms: 13 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 10
- Lot Dimensions: 52x178
- Zoning: LAR3
- Roof:
- Others:
- Sewer:
- Parking Features: Above Street Level
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1645 S St Andrews Pl Los Angeles, CA 90019
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