1415 South St. Andrews Place, Los Angeles, CA 90019

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Status:Active
MLS #:26833875
Price:$ 1,925,000
Type:Apartment
Size:9,268 ft²

Remarks

Prime investment opportunity in the heart of LA’s vibrant 90019 zip code! This charming 8-unit building, set on a large 13,166 SF R3 lot, offers a rare blend of classic architecture, updated interiors, and exceptional long-term upside. The unit mix includes 4 spacious 2-bed units and 4 well-appointed 1-bed units, many of which have been remodeled or meticulously maintained. Pride of ownership is evident throughout. Below-market rents and long-term tenants provide immediate value-add potential. Ideally located near Koreatown, Mid-Wilshire, and Harvard Heights, the property is surrounded by new multifamily developments. With R3 zoning and a sizable lot, this is also a fantastic opportunity for developers—tear down and build condos or a larger multifamily project in one of LA’s hottest growth corridors. Whether you're seeking stable cash flow, redevelopment upside, or both—this is a can’t-miss opportunity.

General Information

Zoning:
LAR3
Probate Sale:
No
APN:
5073-006-008
County:
Los Angeles
View:
No

Building Details

Year Built:
1922
# of Stories:
2
Roof Type:
Flat Roof, Tile, Composition
Style:
Traditional
Heating/Ventilation:
Wall, Natural gas
Air Conditioning:
Wall/Window Unit
Sewer:
In Street Paid
Water:
District/Public, Meter on Property, Public
Foundation:
Raised Foundation
Garage:
Assigned, 16 spaces, 1 structure, 8 covered spaces, 8 uncovered
Exterior:
Stucco
Flooring:
Carpet, Hardwood, Tile, Vinyl
Pool:
none
Basement:
Partial

Commercial Details

Cap Rate:
3.84
Annual Gross Income:
$142,792
Zoning:
LAR3
Annual Operating Expense:
$52,440
Price per Square Foot:
253.56
Annual Net Income:
$90,352
# of Units:
8
Unit Rental Price Range:
$983-$2392

Amenities

  • Covered Parking
  • Dryer
  • Garage
  • Gated Entry
  • Hardwood Floors
  • Laminate Flooring
  • Landscaped Front Yard
  • Offstreet Parking
  • Range / Oven
  • Refrigerator
  • Smoke Detectors
  • Stove
  • Tile Floors
  • Wall to Wall Carpet
  • Window Treatments
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(310) 777-6342
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Coldwell Banker Global Luxury Beverly Hills

301 North Canon Drive
Suite E
Beverly Hills, CA 90210

(310) 777-6342

01027350

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