105 S St Andrews Pl, Los Angeles, CA 90004
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105 S St Andrews Pl Los Angeles, CA 90004

$2,900,000 Sold Price as of 05/14/2024
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$2,900,000 Sold Price as of 05/14/2024 Refinance Your Mortgage

Map preview of 105 S St Andrews Pl, Los Angeles, CA 90004

Property Overview: 105 S St Andrews Pl Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 8,567 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This prime 18-unit multi-family development site is located in Hancock Park, Los Angeles, at 105 S St Andrews Place. The development is currently under construction and the concrete podium has been completed. The location of the site is highly desirable, with close proximity to Downtown Los Angeles, Beverly Hills, and Hollywood. Residents will have easy access to endless local attractions, as well as a variety of restaurants and bars in the area.This Development offers three (3) one-bedroom two-bath affordable housing units measuring approximately 888 square feet, one (1) one-bedroom two-bath unit measuring approximately 888 square feet, four (4) one-bedroom two-bath apartments each measuring approximately 917 square feet, five (5) two-bedroom two-bath units each measuring approximately 870 square feet, and five (5) two-bedroom two-bath units each measuring approximately 888 square feet. There are fourteen (14) parking spaces, single-level subterranean garage. The average unit size is approximately 889 square feet. Three (3) units are designated for affordable housing (ELI). The gym on the ground floor has the potential to be converted into an apartment through the ADU ordinance. Additionally, the one-bedroom apartments with two bathrooms have identical floor plans to the two-bedroom apartments with two bathrooms, which means there is a possibility to eventually convert these one-bedroom units into two-bedrooms. This presents a unique opportunity for those interested in investing in this property.

Listed by David Kaufman | BRE #01217537 | David Ballin Kaufman
Last checked: 3 minutes ago | Last updated: May 14th, 2024 | Source CRMLS | DOM: 98

Home details

Lot Sq. Ft
8,567
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
23340627
City
Los Angeles
County
Los Angeles
Time on Site
284 days

Property Details for 105 S St Andrews Pl

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Plans
Property Information
  • No View
  • View: None
  • Parcel Number: 5516022013
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of 1st Street, North of 2nd Street, and West of S Western Avenue, East of S Wilton Place
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Sale History for 105 S St Andrews Pl

Last sold for $2,900,000 on May 14th, 2024
  • May, 2024

  • May 14, 2024

    Date

    Sold

    CRMLS: 23340627

    $2,900,000

    Price

  • Dec 18, 2023

    Date

    Active

    CRMLS: 23340627

    $3,950,000

    Price

  • July, 2018

  • Jul 27, 2018

    Date

    Sold

    CRMLS: 18319158

    $1,800,000

    Price

  • Apr 2, 2018

    Date

    Pending

    CRMLS: 18319158

    $1,850,000

    Price

  • Mar 27, 2018

    Date

    Price Change

    CRMLS: 18319158

    $1,850,000

    Price

  • Mar 2, 2018

    Date

    Active

    CRMLS: 18319158

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    ***Price Reduced by $350,000; New Price is $1,850,000*** 105 South Saint Andrews Place is currently a 4 unit apartment building constructed in the 1920's that is situated on a 8,597 square foot corner lot that is zoned R3-1 (TOC Tier 2). The lot has 142 feet of frontage on 1st Street and 60 feet of frontage on St Andrews Place. While the existing 4-Plex is highly valuable because of the quality of the property including the unit mix, size of apartments, current income and potential income, it appears that the highest value is as a development site for apartment buildings or condominiums. Situated in the city of Los Angeles Transit Oriented Communities (TOC) Tier 2 area, the property is eligible for density bonuses and other incentives for a developer in exchange for a portion of the units that will be constructed being reserved for low income housing. We estimate that a developer will construct between 10 and 18 units of either condominiums or high end apartments.

  • June, 2018

  • Jun 15, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,800,000

    Price

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Tax History for 105 S St Andrews Pl

Assessed Value (2020): $1,872,720
Year Land Value Improved Value Assessed Value
2020 $1,248,480 $624,240 $1,872,720

Home Value Compared to the Market

This property vs the competition

105 S St Andrews Pl sold on May 14, 2024 for 216.96% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 105 S St Andrews Pl

Detailed summary of property

105 S St Andrews Pl is a land that recently sold in Los Angeles, CA 90004. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 8,567 square foot lot. 105 S St Andrews Pl was first listed on ArdentRealEstateGroup.com on December 19, 2023. The homeowner sold the property for $2,900,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 216.96% higher than the current median priced home. Local homes that are currently for sale include 701 W Vernon Ave, 8880 Evanview Dr and 738 Kohler St. While the average home in Los Angeles, CA is selling in 106 days, 105 S St Andrews Pl has a days on market of 98 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 105 S St Andrews Pl Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 105 S St Andrews Pl

Public county record property details
Beds
4
Baths
4
Year built
1920
Sq. Ft.
5,856
Lot Size
8,566
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5516-022-013

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,488,000
Median List Price/Sq.Ft.
$792
Median Sold Price
$790,000
Median Sold Price/Sq.Ft.
$601
Total Inventory
85
Median Sale to List Price %
95.18%
Avg Days on Market
39
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (22.22%)

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Related Resources to 105 S St Andrews Pl

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.