Los Angeles, CA 90019 1415 S St Andrews Place
$2,799,000
37 more
Presented By: Christophe Choo with Coldwell Banker Realty;
Home Details
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.
Presented By: Christophe Choo with Coldwell Banker Realty;
Interior Features for 1415 S St Andrews Place
Bedrooms
Total Bedrooms12
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths8
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace FeaturesDiningRoom, Kitchen, LivingRoom
Fireplace Y/NYes
FlooringCarpet, Tile, Vinyl, Wood
Heating Y/NYes
Total Stories2
General for 1415 S St Andrews Place
Additional Parcels Y/NNo
AppliancesGasOven, Oven, Refrigerator, Dryer
Architectural StyleTraditional
Attached Garage No
Cap Rate3.3
Carport Spaces0.0
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingWallWindowUnits
CountyLos Angeles
Days on Market351
Directions1 block south of Pico, three blocks west of Western and 4 blocks east of Wilton Place
ExclusionsAll tenant owned appliances
Facing DirectionEast
Full Baths
Garage Spaces8.0
Garage Y/NYes
Gross Income138111.0
HeatingNaturalGas, WallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, MultiSplit
Lot Size Square Feet13166.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income92842.12
New ConstructionNo
NumberOfUnitsTotal8
Occupancy TypeTenant
Open Parking Spaces8.0
Patio/Porch FeaturesNone
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Tile
Security FeaturesCarbonMonoxideDetectors, SecurityGate, GatedCommunity, SmokeDetectors
Senior Community Y/NNo
SewerOther, SewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tenant PaysCableTV, Electricity, Gas
TermsOwnerMayCarry
ViewNone
View Y/NNo
Waterfront Y/NNo
Year Built1922
ZoningLAR3
Exterior for 1415 S St Andrews Place
Building Area Total9268.0
Crops Included Y/NNo
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions73 x 17825
Lot Size Acres0.3022
Lot Size Area13166.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesAssigned, ControlledEntrance, Concrete, Covered, Driveway, ElectricGate, CommunityStructure, SharedDriveway, OnStreet, Uncovered
SpaNo
Total Parking16.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480