Los Angeles, CA 90019 947 S St Andrews Place

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Presented By: Hyun Jin IM with Epique Realty;
  • MLS# 24420645
  • 07/29/2024
  • Request Tour
  • Request Info
  • Beds • 12
  • Baths • 10
  • SQFT • 5,368

Home Details

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, the installation of the water heater and the seismic retrofit have been recently completed and 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.
Presented By: Hyun Jin IM with Epique Realty;

Interior Features for 947 S St Andrews Place

Bedrooms

Total Bedrooms12

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths10

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

General for 947 S St Andrews Place

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Refrigerator, VentedExhaustFan
Attached Garage No
Cap Rate4.73
Carport Y/NYes
CityLos Angeles
CoolingCentralAir, WallWindowUnits
CountyLos Angeles
Days on Market28
DirectionsNorth of Olympic Blvd and West of Western Ave
DisclosuresTrustConservatorship
Electric Expense6468.0
Full Baths
Garage Y/NNo
Gross Income150444.0
HeatingCentral, WallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense3797.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6132.0
Lot Size UnitsSquareFeet
MLS AreaC18 - Hancock Park-Wilshire
MobileHomeRemainsYNNo
Net Operating Income104147.0
New ConstructionNo
NumberOfUnitsTotal6
Occupancy TypeTenant
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Taxes$23,383
View Y/NNo
Waterfront Y/NNo
Year Built1963
ZoningLAR3

Exterior for 947 S St Andrews Place

Building Area Total5368.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1408
Lot Size Area6132.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Carport
SpaNo
Total Parking5.0

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $2,200,000
MLS#24420645
List Date 07/29/2024
Property Type Multi-Family
Phone 310.658.1749
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