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1649 S St Andrews Pl
Los Angeles, CA 90019
1649 S St Andrews Pl · Multifamily Property For Sale
·
13 Units
Investment Highlights
- Great Year One Cash Flow listed at a 5.58% cap rate with Upside to a proforma 8.83% cap rate
- 9 Individual Parking Spaces on-site (6) Covered and (3) Open | No Soft Story Parking Retrofit Required
- Tremendous Potential with 44% Rental Upside
- 1963 Construction, 13 unit apartment including 2 Brand new ADU units completed in 2023
- Excellent Unit Mix of (1) Two Bedroom / One Bath, (10) One Bedroom / One Bath, and (2) Studios
- Walk Score of 84 only Two Blocks from Retail Amenities on Western Blvd. Located in Prime Western Heights Submarket of Bordering Mid-city and Koreatown
Property Facts
| No. Units | 13 | Building Size | 7,616 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2022 |
| Building Class | C | Parking Ratio | 1.18/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | R3 - LAR3-CPIO | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 7,616 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2022 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | R3 - LAR3-CPIO |
Amenities
Unit Amenities
- Heating
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 260 - 325 |
| 1+1 | 10 | - | 460 - 725 |
| 2+1 | 1 | - | 846 |
Property Taxes
| Parcel Number | 5073-015-012 | Improvements Assessment | $729,300 |
| Land Assessment | $1,677,900 | Total Assessment | $2,407,200 |
Property Taxes
Parcel Number
5073-015-012
Land Assessment
$1,677,900
Improvements Assessment
$729,300
Total Assessment
$2,407,200
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