3993 South St Andrews Place

Los Angeles, CA 90062

$1,075,000
Last Sold Price
5
Beds
5
Baths
2,792 Sq. Ft.
$385 / Sq. Ft.
2,792
Sq. Ft.
$385
per Sq. Ft.

Description

Opportunity zoned! GRM 13 CURRENT CAP RATE 5.35% along with 35% Upside Potential! This is the perfect Value Add opportunity you have been waiting for! Property is offered at an extremely low cost per unit of $220K/Unit. Perched at a quiet tree lined corner having alley access, half of this great income property's units come fully renovated with open floor plan, brand new kitchen featuring Quartz style countertops, tastefully upgraded bathroom, hardwood style flooring and Recessed lightings. Well...Opportunity zoned! GRM 13 CURRENT CAP RATE 5.35% along with 35% Upside Potential! This is the perfect Value Add opportunity you have been waiting for! Property is offered at an extremely low cost per unit of $220K/Unit. Perched at a quiet tree lined corner having alley access, half of this great income property's units come fully renovated with open floor plan, brand new kitchen featuring Quartz style countertops, tastefully upgraded bathroom, hardwood style flooring and Recessed lightings. Well maintained with all new vinyl windows and all utilities separately metered, the property is consisted of 3 efficient 2 Bedroom 1 Bath and 2 solid 1 Bedroom 1 Bath with open floor plans making it easy to rent and much loved by the residents. Steps away from USC Campus and University Village. New Coliseum and Star Wars museum bringing whole new excitement to the area! It is definitely the right time to invest in this up and coming area with lots of neighboring development lots. Featuring trendy shops and restaurants.
  1. Listed by Vinnie Park • DRE #02015848 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 3993 South St Andrews Place

Zoning
LARD1.5
Parcel Number
5035007023
Total Units
5.0
Living Area
2792
Source Living Area
Other
Area
Park Hills Heights (PHHT)
Vacancy Rate
0
Lot Size Area
5696

Location

Listing Courtesy of Coldwell Banker Realty, Vinnie Park, DRE #02015848

Sold By Gold Realty, Shawn Raoufpour, DRE #01425538

Add your commute
LISTING UPDATED: 01/24/2022 12:41 PM

Property Details for 3993 South St Andrews Place

StatusSold
MLS #21-788304
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.13 AC / 5,696 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Vinnie Park, DRE #02015848

Sold By Gold Realty, Shawn Raoufpour, DRE #01425538

Add your commute

Building Information for 3993 South St Andrews Place

Stories-Residences-Year Built1924Building Size-Lot Size0.13 AC / 5,696 SF

Payment Calculator

$7,037 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,867

Property Taxes

$1,170

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3993 South St Andrews Place

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $80,172
  • Net Operating Income: $57,296.00
  • Gross Income: $82,651
  • Cap Rate: 5.31%
  • Gross Rent Multiplier: $13.31
  • Total Annual Expense: 22876
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1308
  • Lot Size Square Feet: 5696
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-27-2021
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $720.59
  • Unit Actual Rent: $720.59
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $927.00
  • Unit Actual Rent: $927.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,790.00
  • Unit Actual Rent: $1,790.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $192,078.00
  • Assessed Improvement Percent: 29.92
  • Assessed Land Value: $449,951.00
  • Assessed Land Percent: 70.08
  • Assessed Total Value: $642,029.00

Property History for 3993 South St Andrews Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3993 South St Andrews Place

Taxable ValueLand$688,500Additions$408,000Total$1,096,500
Tax Record2023$14,035 ($1,170 / month)
Home Facts
Total Finished SqFt2,792 SqFtAbove Grade Finished SqFt2,792 SqFtLot Size5,696 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLARD1.5CountyLOS ANGELESAPN5035-007-023

Schools near 3993 South St Andrews Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 9
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Martin Luther King Jr. Elementary School
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 9

KIPP Scholar Academy
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Vinnie Park, DRE #02015848

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.