1645 S St Andrews Place, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

1645 S St Andrews Place

Los Angeles, CA 90019
8 Beds
13 Baths
6,827 Sq Ft
$1,900,000

Property Overview

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 $1,900,000 ($146,154/unit | $278.31/SF) with a 5.52% current cap rate, the real story is turnover RSO units that reset to market at each vacancy, a 9.42% pro forma cap with no capital program assumed, and pricing 7% below the average of six recent comparable sales.

Home Details

Property type
Residential Income
Living area
6,827 sq ft
Lot size
9,101 sq ft
Parking
10 spaces
Days on market
13
MLS status
Active
Zoning
LAR3

Features & Amenities

Parking

  • Driveway Down Slope From Street

Community, Schools & Utilities

Utilities

Heating
None
Cooling
None
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Location & Neighborhood

1645 S St Andrews Place

Los Angeles, CA 90019

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Frequently Asked Questions About 1645 S St Andrews Place

Property type: Residential Income

The current asking price is $1,900,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1645 S St Andrews Place. Our team will confirm availability and timing.
This 8 bedrooms and 13 bathrooms property offers approximately 6,827 square feet of living space. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 13 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Taylor Avakian
MLS ID: CLW-C138326

Available property

$1,900,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.