810 South St Andrews Place

Los Angeles, CA 90005

$4,100,000
Price
18
Beds
18
Baths
15,260 Sq. Ft.
$269 / Sq. Ft.
15,260
Sq. Ft.
$269
per Sq. Ft.

Description

810 s. St. Andrews Pl is located just two blocks from the intersection of Wilshire Blvd and Western Ave, the heart of Koreatown. The property was built in 1932 and consists of 18 very large one bedroom, one bath units averaging 700sf. The building totals 15,260sf on a 6,875sf lot zoned R4. Currently the property is 100% occupied and there is approximately 35% upside in rents allowing a new investor the ability to increase cash flow with unit turn. The property includes a large basement area where...810 s. St. Andrews Pl is located just two blocks from the intersection of Wilshire Blvd and Western Ave, the heart of Koreatown. The property was built in 1932 and consists of 18 very large one bedroom, one bath units averaging 700sf. The building totals 15,260sf on a 6,875sf lot zoned R4. Currently the property is 100% occupied and there is approximately 35% upside in rents allowing a new investor the ability to increase cash flow with unit turn. The property includes a large basement area where the communal laundry facility and central water heater is located. There are 5 washers and 5 dryers provided income in excess of $5,000 a year. The property is master metered for gas and separately metered for electricity. With a walk score of 97 "Walker's Paradise," tenants are walking distance to some of Koreatown's best restaurants and shops. Public transportation is ample with the Western Metro stop on the Purple line just two blocks away. Contact listing agents for offering memorandum.
  1. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 810 South St Andrews Place

Water Front
None
Zoning
LAR4
Cross Streets
W. 8th St. and St. Andrews Pl.
Parcel Number
5093002013
Total Units
18.0
Living Area
15260
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556
Add your commute
LISTING UPDATED: 03/05/2024 12:01 AM

Property Details for 810 South St Andrews Place

StatusActive
MLS #24-362335
Days on Market66
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1932
Lot Size0.16 AC / 6,877 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556
Add your commute

Building Information for 810 South St Andrews Place

Stories3Residences-Year Built1932Building Size-Lot Size0.16 AC / 6,877 SF

Payment Calculator

$23,782 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,375

Property Taxes

$1,407

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 810 South St Andrews Place

Community / Development
Community / Development
  • Number Of Units: 18
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apts
  • View: Yes
  • View Description: City
  • View: City Lights
  • Entry Floor Number: 1
  • Security Features: Card/Code Access, Exterior Security Lights
  • Direction Faces: West
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $338,571
  • Net Operating Income: $198,805.00
  • Gross Income: $349,042
  • Cap Rate: 4.85%
  • Gross Rent Multiplier: $11.92
  • Actual Annual Gross Rent: $342,942.00
  • Actual Gross Annual Income: $349,042
  • Actual Rent Total: $342,942.00
  • Financial Info as Of: 02/26/2024
  • Vacancy Allow Dollar: $10,471.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gas
  • Total Annual Expense: 139766
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1579
  • Lot Size Square Feet: 6877
  • Lot Size Dimensions: 55x125
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Description: Single Lot
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Offsite
  • Total Parking: 0
  • Covered Parking: 0
  • Open Other Spaces Total: 0
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Parking Features: Off Site
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven, Washer, Dryer
  • Common Walls: Attached
  • Cooking Appliances: Range
  • Laundry: Community, Laundry Area, Inside
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Flat
  • Entry Location: Ground Level w/steps
  • Windows: Skylights
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-26-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,592.00
  • Unit Actual Rent: $28,662.00
  • Unit Projected Rent: $38,700.00
  • Like Units: 18
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Tax New: $47,786
  • Tax Percent: 1.17%
  • Tax Rate Year: 2024
  • Assessed Improvement Value: $800,308.00
  • Assessed Improvement Percent: 64.45
  • Assessed Land Value: $441,538.00
  • Assessed Land Percent: 35.55
  • Assessed Total Value: $1,241,846.00
  • Private Transfer Taxes: No

Property History for 810 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 810 South St Andrews Place

Taxable ValueLand$441,538Additions$805,068Total$1,246,606
Tax Record2023$16,878 ($1,407 / month)
Home Facts
Total Finished SqFt15,260 SqFtAbove Grade Finished SqFt15,260 SqFtLot Size6,875 SqFtStyleMulti-Family Res (5+ Units)Year Built1932ZoningLAR4CountyLOS ANGELESAPN5093-002-013

Schools near 810 South St Andrews Place

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

Magnolia Science Academy 6 School
Charter6 to 8

Los Angeles Senior High School
Public9 to 12

Everest Value
CharterK 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.

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810 South St Andrews Place is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on February 26, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $4,100,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilton Place Elementary School, Magnolia Science Academy 6 School and Los Angeles Senior High School. 810 South St Andrews Place is a 18-bed, 18-bath, 15,260 sqft multi-family home built in 1932.

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 Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556

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.