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1645 S St Andrews Place Los Angeles, CA 90019
6,827 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,827 sqft
Price per Sqft $263
MLS Listing ID CL26102021
HOA Y/N No
Lot Size 9,101 Sqft
Acres 0.2089
Property Sub-Type Other
Property Description
1645 S St Andrews Pl | 13-Unit Value-Add Multifamily, Mid-City Los Angeles. 1960-built asset totaling 6,827 SF on a 9,277 SF LAR3 lot, one block west of Western Avenue with Koreatown to the north and quick access to the I-10 and the Metro E Line's Expo/Western station. The property features (7) studios averaging 410 SF, (4) 1BR/1BA units averaging 600 SF, and (2) 2BR/1BA units averaging 765 SF, plus 10 on-site parking spaces. Twelve of 13 units are occupied, with in-place rents averaging $1,299 against $1,820 at market, a 40% gap, and one studio delivered vacant for immediate lease-up. Offered at $1,800,000 ($138,462/unit | $263.66/SF) with a 5.89% current cap rate, the real story is turnover: RSO units that reset to market at each vacancy, a 10.01% pro forma cap with no capital program assumed, and pricing 12% below the average of six recent comparable sales.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5073015013
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Taylor Avakian • Lyon Stahl Investment Real Estate, Inc.