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

$ 2,799,000

12beds10baths
playSLIDESHOW
MusicMUSIC
FULLSCREENfullscreen
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8 Unit Multi-Family Investment in Koreatown

Property Info
Status:Active
MLS #:5073-006-008
Price:$ 2,799,000
Beds:12
Baths:10 Baths (10 F)
Type:Multi-Family
Size:9,268 ft²
Lot Size:13,166 ft²
Features
  • Gated property in a desirable rental area and new developments
  • Compelling investment potential with upside on rents
  • Pride of ownership building.
  • 4 two-bedroom units & 4 one - bedroom units
  • 8 car garage and 7 additional parking spots.
Remarks
Nestled within the sought-after 90019 zip code, this stunning, pride of ownership 8-unit building presents a rare opportunity to own a piece of timeless elegance in a vibrant and culturally rich neighborhood. Boasting a harmonious blend of classic architecture and modern conveniences, this property is perfectly poised to captivate discerning investors. This thoughtfully designed building features an ideal mix of floor plans, with 4 spacious two-bedroom units and 4 inviting one-bedroom units. Each unit has been meticulously maintained or remodeled to maximize comfort and functionality, offering residents a comfortable retreat that is both welcoming and stylish. For investors seeking an asset with both immediate and long-term potential, this building presents a compelling opportunity. The unit mix caters to a wide range of renters, ensuring a steady stream of income. The sought-after location and impeccable design further contribute to the property's appreciation potential. With a substantial 13,166 square foot lot and many newer developments in this area, this is also a terrific opportunity to build to suit. Below market rents with long term tenants with substantial rent upside.
General Information
Zoning:
LAR3
Cross Street:
Pico
APN:
5073-006-008
Building Details
Year Built:
1922
# of Stories:
2
Style:
Traditional
Heating/Ventilation:
Wall units
Air Conditioning:
Some wall air coniditioners
Sewer:
City
Water:
City
Garage:
8 car garage
Exterior:
Stucco
Flooring:
Hardwood & carpet
Commercial Details
Cap Rate:
3.3
Annual Gross Income:
$138,111
Zoning:
LAR3
Annual Operating Expense:
$45,269
Price per Square Foot:
302.01
Annual Net Income:
$92,842
# of Units:
8
Unit Rental Price Range:
$954.72-$2,392.00
Amenities
  • Carpet
  • Covered Parking
  • Dishwasher
  • Dryer
  • Garage
  • Gated Entry
  • Hardwood Floors
  • Landscaped Front Yard
  • Offstreet Parking
  • Range / Oven
  • Refrigerator
  • Smoke Detectors
  • Stove
  • Wall to Wall Carpet
  • Washer
  • Washer/Dryer
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Rate:
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*Rates for May 2024. Information displayed is accurate as of the date of the latest update and is subject to change without notice. Loan pricing can only be locked through a home mortgage consultant. Other restrictions may apply. The Rate/APR and other terms may vary from those displayed based on the creditworthiness of the borrower, the type of dwelling, whether the borrower is self-employed, the location of the property and other factors. Please contact a lender in your area to determine what rates you qualify for.

**Rates calculated from national averages.  To determine rates in your area please contact your local lender.

Local Schools

School NameTypeDistanceGreatSchools Rating
Sound Of Music Preschool
1256 South Van Ness Avenue, Los Angeles CA 90019
(323) 733-1327
ratingsRatings
reviewsReviews
private
0.2 mi
Pio Pico Middle School
1512 Arlington Avenue, Los Angeles CA 90019
(323) 733-8801
ratingsRatings
reviewsReviews
public
0.3 mi
Map Item 7
Global Education Academy Middle School
1512 Arlington Avenue, Los Angeles CA 90019
(323) 641-7283
ratingsRatings
reviewsReviews
charter
0.3 mi
Los Angeles Elementary School
1211 South Hobart Boulevard, Los Angeles CA 90006
(323) 734-8233
ratingsRatings
reviewsReviews
public
0.4 mi
Map Item 6
Bishop Conaty - Our Lady Of Loretto
2900 West Pico Boulevard, Los Angeles CA 90006
(323) 737-0012
ratingsRatings
reviewsReviews
private
0.5 mi
Los Angeles First Preschool
2029 W Washington Blvd, Los Angeles CA 90018
(323) 733-8827
ratingsRatings
reviewsReviews
private
0.6 mi
Carson-Gore Academy Of Enviornmental Studies
3200 West Washington Boulevard, Los Angeles CA 90018
(323) 766-5500
ratingsRatings
reviewsReviews
public
0.6 mi
Map Item 6
Hobart Boulevard Elementary School
980 South Hobart Boulevard, Los Angeles CA 90006
(213) 386-8661
ratingsRatings
reviewsReviews
public
0.7 mi
Map Item 6
Saint Thomas The Apostle
2632 West 15th Street, Los Angeles CA 90006
(323) 737-4730
ratingsRatings
reviewsReviews
private
0.7 mi
Twenty-Fourth Street Elementary School
2055 West 24th Street, Los Angeles CA 90018
(323) 735-0278
ratingsRatings
reviewsReviews
public
0.7 mi
Map Item 6
Crown Preparatory Academy
2055 West 24th Street, Los Angeles CA 90018
(213) 488-9747
ratingsRatings
reviewsReviews
charter
0.7 mi
Map Item 3
City Language Immersion Charter (CLIC)
4001 Venice Boulevard, Los Angeles CA 90019
(323) 737-3013
ratingsRatings
reviewsReviews
charter
0.7 mi
Map Item 7
St Jeanne De Lestonnac
4001 Venice Boulevard, Los Angeles CA 90019
(323) 737-1217
ratingsRatings
reviewsReviews
private
0.8 mi
Arlington Heights Elementary School
1717 7th Avenue, Los Angeles CA 90019
(323) 735-1021
ratingsRatings
reviewsReviews
public
0.8 mi
Map Item 3
Global Education Academy 2
1717 7th Avenue, Los Angeles CA 90019
(323) 537-7225
ratingsRatings
reviewsReviews
charter
0.8 mi
Map Item 5
St. Gregory Nazianzen
911 South Norton Avenue, Los Angeles CA 90019
(323) 936-2542
ratingsRatings
reviewsReviews
private
0.8 mi
U C Education Center Dc
1111 Crenshaw Boulevard, Los Angeles CA 90019
(323) 935-7971
ratingsRatings
reviewsReviews
private
0.9 mi
Los Angeles Technology Center
3721 West Washington Boulevard, Los Angeles CA 90018
(323) 732-0153
ratingsRatings
reviewsReviews
public
0.9 mi
Newton Academy
1035 Fedora Street, Los Angeles CA 90006
(213) 380-1010
ratingsRatings
reviewsReviews
private
0.9 mi
Mariposa-Nabi Primary Center
987 South Mariposa Avenue, Los Angeles CA 90006
(213) 385-0241
ratingsRatings
reviewsReviews
public
0.9 mi
Johnnie Cochran, Jr., Middle School
4066 Johnnie Cochran Vista, Los Angeles CA 90019
(323) 730-4300
ratingsRatings
reviewsReviews
public
0.9 mi
Map Item 2
Wilton Place Elementary School
745 South Wilton Place, Los Angeles CA 90005
(213) 389-1181
ratingsRatings
reviewsReviews
public
0.9 mi
Map Item 4
Loyola High School Of Los Angeles
1901 Venice Boulevard, Los Angeles CA 90006
(213) 381-5121
ratingsRatings
reviewsReviews
private
0.9 mi
Golden Day School
2255 West Adams Boulevard, Los Angeles CA 90018
(323) 732-6636
ratingsRatings
reviewsReviews
private
0.9 mi
Spirit Child Development Center
4061 West Washington Boulevard, Los Angeles CA 90018
(323) 737-2467
ratingsRatings
reviewsReviews
private
1 mi
GreatSchools

Christophe's Bio

CHRISTOPHE CHOO
The Christophe Choo Real Estate Group
Coldwell Banker Global Luxury

Licensed Broker since 1987 in Beverly Hills & Los Angeles.

Are you looking to buy or sell a luxury estate, home, condominium or investment property?

Let us help you find everything you need to know about buying or selling a home! As one of the preeminent professional real estate teams in my community for over 32 years, we are dedicated to providing the finest service available while breaking new ground.

Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.

We go the extra mile to help you achieve your goals. That's why we constantly research the market and property values so your home is priced effectively from day one. We also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

Based in Beverly Hills, California 90210, the Christophe Choo Real Estate Group provides exclusive luxury homes for sale on a local, global and international stage. Hence the tagline: “Locally Known – Globally Connected”. Search for luxury properties in your area, whether in the “Platinum Triangle” areas of the Westside of Los Angeles of Beverly Hills, Holmby Hills and Bel Air or in The Sunset Strip, Hollywood Hills, Brentwood, Westwood, the Wilshire Corridor, Century City, Pacific Palisades, Santa Monica, Malibu, Venice, Marina Del Rey, Cheviot Hills, Rancho Park, Hancock Park, Los Feliz and the key Westside areas of Los Angeles, the Christophe Choo Real Estate Group can help.

Call or email us today!
Christophe Choo
310-777-6342
Or send me an email: Christophe@ChristopheChoo.com
www.ChristopheChoo.com
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For more information about 1415 South St. Andrews Place, Los Angeles, CA, 90019 or additional property in Los Angeles, CA, please contact CHRISTOPHE CHOO Locally Known Globally Connected.
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