947 South St Andrews Place

Los Angeles, CA 90019

$2,400,000
Price
11
Beds
10
Baths
5,368 Sq. Ft.
$447 / Sq. Ft.
5,368
Sq. Ft.
$447
per Sq. Ft.

Description

We are delighted to present for sale a six-unit apartment complex situated at 947 South St. Andrews Place. Ideally positioned between Wilshire Boulevard and Olympic Boulevard, just west of Western Avenue, this property is situated in one of the most sought-after enclaves of Koreatown. Constructed with a wood frame/stucco blend, the property occupies a 6,132 square foot parcel. The unit configurations include one single unit, three two-bedroom/two-bath units, one two-bedroom/one-bath unit, and one...We are delighted to present for sale a six-unit apartment complex situated at 947 South St. Andrews Place. Ideally positioned between Wilshire Boulevard and Olympic Boulevard, just west of Western Avenue, this property is situated in one of the most sought-after enclaves of Koreatown. Constructed with a wood frame/stucco blend, the property occupies a 6,132 square foot parcel. The unit configurations include one single unit, three two-bedroom/two-bath units, one two-bedroom/one-bath unit, and one three-bedroom/two-bath unit. Amenities comprise an on-site laundry facility, on-site parking, and individual metering for electricity and gas. To provide further details, five of the six units underwent a thorough remodel eight years ago, featuring new custom kitchen cabinets, granite countertops, renovated bathrooms, new hardwood flooring, and updated air conditioning systems. All units have currently below-market lease rates and the new owner will have good space to improve CAP after the completion of the purchase. Close to Transportation, Market, Restaurant, Bar, and Shops. This property is offered "As Is," with no warranty or liability to the seller and brokers. Prospective buyers/agents/brokers are kindly requested not to disturb the current tenants.
  1. Listed by Hyun Jin IM • DRE #01989280 • Brokerage DRE #01828532 • eXp Realty of Greater Los Angeles

Property Details for 947 South St Andrews Place

Zoning
LAR3
Parcel Number
5081033002
Total Units
6.0
Living Area
5368
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
0
Lot Size Area
6132

Location

Listing Courtesy of eXp Realty of Greater Los Angeles, Hyun Jin IM, DRE #01989280
Add your commute
LISTING UPDATED: 03/26/2024 02:50 PM

Property Details for 947 South St Andrews Place

StatusActive
MLS #24-367099
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.14 AC / 6,132 SF
CountyLos Angeles County

Location

Listing Courtesy of eXp Realty of Greater Los Angeles, Hyun Jin IM, DRE #01989280
Add your commute

Building Information for 947 South St Andrews Place

Stories2Residences-Year Built1963Building Size-Lot Size0.14 AC / 6,132 SF

Payment Calculator

$15,139 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,098

Property Taxes

$2,041

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 947 South St Andrews Place

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multi
Contract Info
Contract Info
  • Disclosures: As Is, Trust/Conservatorship
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $143,613
  • Net Operating Income: $101,829.00
  • Gross Income: $148,008
  • Gross Rent Multiplier: $16.38
  • Actual Annual Gross Rent: $146,508.00
  • Laundry Income: $1,500
  • Actual Rent Total: $146,508.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 41783.94
  • Water Expense: $6,468.00
  • Gas Expense: $2,196
  • Expense Pest: $300.00
  • Tax Expense: $23,383
  • Gardener Expense: $840
  • Expense Licenses: $300.00
  • Insurance Expense: $3,797
  • Management Expense: $4,500.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1408
  • Lot Size Square Feet: 6132
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport
  • Total Parking: 5
  • Carport Spaces Total: 5
  • Parking Features: Assigned, Carport
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Linoleum, Wood
  • Equipment: Range/Oven, Refrigerator, Garbage Disposal, Vented Exhaust Fan, Dishwasher
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,309.00
  • Unit Actual Rent: $2,309.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,288.00
  • Unit Actual Rent: $4,576.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,051.00
  • Unit Actual Rent: $1,051.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,273.00
  • Unit Actual Rent: $1,273.00
  • Unit Projected Rent: $1,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $488,037.00
  • Assessed Improvement Percent: 25.0
  • Assessed Land Value: $1,464,117.00
  • Assessed Land Percent: 75
  • Assessed Total Value: $1,952,154.00

Property History for 947 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 947 South St Andrews Place

Taxable ValueLand$1,464,117Additions$488,037Total$1,952,154
Tax Record2023$24,496 ($2,041 / month)
Home Facts
Total Finished SqFt5,368 SqFtAbove Grade Finished SqFt5,368 SqFtLot Size6,005 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN5081-033-002

Schools near 947 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 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Wilton Place Elementary School
PublicK to 5

Pio Pico Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Magnolia Science Academy 6 School
Charter6 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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947 South St Andrews Place is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on March 11, 2024 by eXp Realty of Greater Los Angeles, it's currently listed at $2,400,000. It has been on the market for a total of 53 days and was last sold on October 18, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilton Place Elementary School, Pio Pico Middle School and Los Angeles Senior High School. 947 South St Andrews Place is a 11-bed, 10-bath, 5,368 sqft multi-family home built in 1963.

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 eXp Realty of Greater Los Angeles, Hyun Jin IM, DRE #01989280

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.