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1408 S St Andrews Pl
Los Angeles, CA 90019
St Andrews Plaza · Multifamily Property For Sale
·
18 Units
Investment Highlights
- 1408 Saint Andrews Place is a 18-unit true value-add investment opportunity located in Mid-City’s Harvard Heights, located between Venice & Pico Blvd
- At the asking price, offered at a 3.99% CAP rate on current income with the opportunity to achieve a 6.92% pro forma CAP rate as units turn
- Ease of management as gas & electric are separately metered
- This subject property, built in 1964, consists of 10 one-bedroom, 4 two-bedroom, and 4 two-bed two-bath apartments
- Two units are vacant and one unit will be delivered vacant at the close of escrow
- Ample parking with a total of 22 spaces. Soft story retrofit work has been completed. Furthermore, there is on-site community laundry with two W/D
Property Facts
| No. Units | 18 | Lot Size | 0.31 AC |
| Property Type | Multifamily | Building Size | 20,124 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.09/1,000 SF |
| Zoning | R2-1-CPIO | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 20,124 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | R2-1-CPIO |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,451 | 500 - 675 |
| 2+1 | 4 | $1,912 | 870 |
| 2+2 | 4 | $2,033 | 930 |
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