1310 S St Andrews Pl Los Angeles, CA 90019

$2,200,000 Sold Price as of 11/05/2018

-- Beds
-- Baths
5,803 Sq.Ft.

Off Market

$2,200,000 Sold Price as of 11/05/2018 Refinance Your Mortgage

Map preview of 1310 S St Andrews Pl, Los Angeles, CA 90019

Property Overview: 1310 S St Andrews Pl Los Angeles, CA has -- bedrooms, -- bathrooms, 5,803 living square feet and 13,140 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1310 S St Andrews Pl is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1310 S St Andrews Pl

Last sold for $2,200,000 on November 5th, 2018

May, 2023
May 5, 2023

Date

Expired

CRMLS: SR23013083

$2,850,000

Price
Jan 26, 2023

Date

Active

CRMLS: SR23013083

$2,850,000

Price
Listing provided courtesy of CRMLS

We are pleased to present 1310 S St. Andrews Place in Mid-City. Owner will carry financing for 3 years with 35% down payment. Great opportunity to develop 43 units adjacent to Koreatown. The property will be delivered with a letter of determination for 43 units. The 13,141 sq. foot lot is fully entitled. The building will feature subterranean parking, a beautiful lobby, elevator, bicycle room, and rooftop deck with a view of the City. The building will consist of ten 2 bedroom/2 bath units, twenty-eight 1 bedroom/1 bath units, and five singles. The units will range from approximately 400-860 sq. ft. each and the rentable sq. ft. of the finished building will be about 26,862 sq. ft.! Existing structure is a 9-Unit building and two of the units will be delivered vacant at close of escrow! Please see 43-Unit development plans on page 9.

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May, 2023
May 5, 2023

Date

Expired

CRMLS: SR23013827

$2,850,000

Price
Jan 26, 2023

Date

Active

CRMLS: SR23013827

$2,850,000

Price
Listing provided courtesy of CRMLS

We are proud to present the opportunity to acquire a 9-unit apartment building and a retail space in Mid City on a spacious lot of 13,141 square feet! Owner will carry financing with 35% down payment. Two units, the retail store and six garages will be delivered vacant and can be rented at market rents. The building presents an excellent value add opportunity with huge rental upside after renovations! The apartment building consists of two 2 bedroom/1 bath units, six 1 bedroom/1 bath units, and a single. An investor could also potentially convert the garages into ADUs to generate additional income. As an added bonus, the subject has been entitled for a 43-unit residential income development and a prospective buyer may continue the process of obtaining approved plans and completing the building of a new construction project. The building is prominently located near Pico Blvd and Western Ave., and is in close proximity to Amazon Studios headquarters, Ivy Station (HBO headquarters), the Cumulus District (Whole Foods), endless dining, hotels, entertainment, historical landmarks, and a short distance from the 1-10 Freeway, Downtown LA, Santa Monica, and LAX. Gross income includes proforma rents from two vacant units, retail space, and 6 garage spaces. See rent roll on page 16 of the Offering Memorandum.

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January, 2023
Jan 26, 2023

Date

Expired

CRMLS: SR22230239

$2,850,000

Price
Oct 31, 2022

Date

Active

CRMLS: SR22230239

$3,250,000

Price
Listing provided courtesy of CRMLS

RELISTED WITH THE SAME AGENT! We are pleased to present 1310 S St. Andrews Place in Mid-City. Huge price reduction of $300,000! Price per unit is approximately $68k for an excellent opportunity to develop 43 units adjacent to Koreatown. Based on recent sales, an investor will have an incredible return on their investment! The completed building may have an approximate value of $18 million, thereby generating a net profit of around $4.5 million (approximately 33% profit ratio) to an investor if sold. The projected gross annual rental income will also be over $1.1 million. The 13,141 sq. foot lot is fully entitled and the owners are just months away from attaining ready to issue (RTI) permits! The building will feature subterranean parking, a beautiful lobby, elevator, bicycle room, and rooftop deck with a view of the City. The building will consist of ten 2 bedroom/2 bath units, twenty-eight 1 bedroom/1 bath units, and five singles. The units will range from approximately 400-860 sq. ft each and the rentable sq. ft. of the finished building will be about 26,862 sq. ft. This is a rare opportunity not to be missed!

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September, 2022
Sep 18, 2022

Date

Expired

CRMLS: 22137545

$3,400,000

Price
Mar 17, 2022

Date

Active

CRMLS: 22137545

$4,250,000

Price
Listing provided courtesy of CRMLS

We are pleased to present 1310 South Saint Andrews Place in the Harvard Heights neighborhood of Mid-City Los Angeles, a high profile opportunity to acquire a 0.30 acre lot with fully entitled plans to build 43 apartment units. The well designed plans will create a beautiful looking building after built, and they take advantage of the lot's great C2 & TOC-3 zoning by designing for only 1 level of subterranean parking with 5 stories above ground. With the utilization of the TOC tier-3 bonus, the building will have 27 parking spots underground and an additional 48 bicycle parking spots on the first floor. Furthermore, the 43 unit building will have 7 units restricted to affordable housing. The building will also include a lobby, elevator, bicycle room, recycling room, and a rooftop deck. The finished building, which will be about 27,400 square feet, will boast a strong unit mix of (5) singles, (28) 1 bed / 1 bath units, and (10) 2 bed / 2 bath units. On average, the single, 1 bed, and 2 bed units will be 400 sqft, 600 sqft, and 863 sqft, respectively. After the building is completed, rented out, and stabilized, the future value of the property will be an estimated $18,500,000. Assuming a developer can build this property for $350 per sqft, it will cost about $9.5M to complete the build in its entirety. Even with over $1.0M of carrying costs factored in, we are projecting more than $3.25M in profit for the developer, which is nearly a 20% profit percentage of net sale revenues. The property is very well located in Mid City's Harvard Heights neighborhood in Los Angeles. Harvard Heights is a densely populated neighborhood with historical significance. It sits west of Downtown Los Angeles and near the West Adams neighborhood. The neighborhood is largely protected within a Los Angeles Historic Preservation Overlay Zone, for its architecturally significant real estate. Harvard Heights is about one mile from West Adams, which has seen recent development activity from developers such as CIM Group and Carmel Partners.

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September, 2022
Sep 7, 2022

Date

Active

CRMLS: 22197453

$2,995,000

Price
Listing provided courtesy of CRMLS

C2 & TOC-3 zoning 9 Unit Apartment Building! Convert the garage in rear to (2) ADU plus potential for ADU in front of property. With the ADU additions the potential increased $$$ revenue Commercial bldg. in front can also be rented for additional income. 2 units can be delivered Vacant at Close of Escrow. Converted 5 car garage into one large studio with 2 bathrooms and laundry. Also property is FULLY ENTITLED SITE FOR 43 UNITS | The well designed plans will create a beautiful looking building after built, and they take advantage of the lot's great C2 & TOC-3 zoning by designing for only 1 level of subterranean parking with 5 stories above ground. With the utilization of the TOC tier-3bonus, the building will have 27 parking spots underground and an additional 48 bicycle parking spots on the first floor. Furthermore, the 43 unit building will have 7 units restricted to affordable housing. The building will also include a lobby, elevator, bicycle room, recycling room, and a rooftop deck. The finished building, which will be about 27,400 square feet, will boast a strong unit mix of(5) singles, (28) 1 bed / 1 bath units, and (10) 2 bed / 2 bath units. On average, the single, 1bed, and 2 bed units will be 400 sqft, 600 sqft, and 863 sqft, respectively

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November, 2018
Nov 6, 2018

Date

Sold

CRMLS: SR18016923

$2,200,000

Price
Feb 27, 2018

Date

Pending

CRMLS: SR18016923

$2,200,000

Price
Jan 30, 2018

Date

Active

CRMLS: SR18016923

$2,200,000

Price
Listing provided courtesy of CRMLS

We are pleased to present for sale a unentitled development site in the thriving, densely populated Mid-City neighborhood. Owner will carry financing with 30% down payment at 5% interest rate for 5 years. The site is zoned C2 on ±13,140 square foot lot. 3.75 FAR including TOC density bonus. Develop ±32 units as multifamily project. Other option using TOC can develop over ±50 units. See rent comparable range for new construction. 1 bedroom range from $1,600 - $1,800 & 2 bedrooms range from $2,000 - $2,500. Midtown Los Angeles offers an excellent, central location that is minutes away from key employement centers including Downtown Los Angeles, Wilshire Boulevard, Miracle Mile, Koreaown, Hollwyood, West Hollywood, Beverly Hills, and Century City. Currently operating as a 9 unit apartment building with gross income of approximately $111,900. One unit will be delivered vacant.

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November, 2018
Nov 5, 2018

Date

Sold (Public Records)

Public Records

$2,200,000

Price
December, 2017
Dec 18, 2017

Date

Canceled

CRMLS: 17233500

$2,250,000

Price
Dec 13, 2017

Date

Active

CRMLS: 17233500

$2,250,000

Price
Oct 26, 2017

Date

Active Under Contract

CRMLS: 17233500

$2,250,000

Price
May 21, 2017

Date

Active

CRMLS: 17233500

$2,250,000

Price
Listing provided courtesy of CRMLS

Multifamily property available. Ideal for developing or for income. Close to multiple Metro lines and stations. 5,803sf structure on a 13,141sf lot. Gross income is $10,100/mo, 9 residential units plus 2 permitted commercial units in separate structures. #1. Converted 5 car garage into one large studio with 2 bathrooms and laundry. #2. front structure was an old restaurant space with hood and restroom. Parking in rear and driveway 13 spaces. Drive by DO NOT DISTURB TENANTS.

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August, 2017
Aug 16, 2017

Date

Pending

CRMLS: 17259252

$1,600

Price
Aug 16, 2017

Date

Active Under Contract

CRMLS: 17259252

$1,600

Price
Aug 9, 2017

Date

Active

CRMLS: 17259252

$1,600

Price
Listing provided courtesy of CRMLS

Spacious 2 Bedroom + 1 Bathroom unit for rent. Approx 800 Sq Ft. Size is not verified. Only apt#1 is available for rent in this shared multi family house property that has 9 residential apt units. 1 parking space available. Stove will be installed. Refrigerator not included

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May, 2017
May 21, 2017

Date

Canceled

CRMLS: 16180976

$2,499,900

Price
Apr 28, 2017

Date

Price Change

CRMLS: 16180976

$2,499,900

Price
Dec 10, 2016

Date

Active

CRMLS: 16180976

$1,999,999

Price
Dec 5, 2016

Date

Hold

CRMLS: 16180976

$1,999,999

Price
Dec 2, 2016

Date

Active

CRMLS: 16180976

$1,999,999

Price
Nov 23, 2016

Date

Hold

CRMLS: 16180976

$1,999,999

Price
Nov 17, 2016

Date

Active

CRMLS: 16180976

$1,999,999

Price
Listing provided courtesy of CRMLS

Multifamily property available. Ideal for developing or for income. Close to multiple Metro lines and stations. 5,803sf structure on a 13,141sf lot. Gross income is $10,300/mo, 9unit plus 2 permitted commercial units. Parking in rear and driveway 13 spaces. Drive by DO NOT DISTURB TENANTS.

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November, 2016
Nov 17, 2016

Date

Canceled

CRMLS: 16166312

$1,999,999

Price
Nov 17, 2016

Date

Active

CRMLS: 16166312

$1,999,999

Price
Listing provided courtesy of CRMLS

Multifamily property available. Ideal for developing or for income. Close to multiple Metro lines and stations. 5,803sf structure on a 13,141sf lot. Gross income is $10,300/mo, 9unit plus 2 permitted commercial units. Parking in rear and driveway 13 spaces. Drive by DO NOT DISTURB TENANTS.

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Tax History for 1310 S St Andrews Pl

Assessed Value (2020): $2,244,640

Year	Land Value	Improved Value	Assessed Value
2020	$1,836,000	$408,640	$2,244,640

About 1310 S St Andrews Pl

Detailed summary of property

1310 S St Andrews Pl is categorized with a use code of Commercial/Office/Residential (Mixed Use) in Los Angeles, CA 90019 and last sold on November 5, 2018 for $2,200,000. This property has -- bedrooms, -- bathrooms, roughly 5,803 living square feet, and sits on an approximately 13,140 square foot lot. Homes 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 96.43% higher than the current median priced home. 1310 S St Andrews Pl was last sold on November 5, 2018 for $2,200,000. Local nearby listings include 957 S Gramercy Dr #105, 1035 Westchester Pl and 1207 S Harvard Blvd. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1310 S St Andrews Pl Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1310 S St Andrews Pl

Public county record property details

Beds: --
Baths: --
Year built: 1910
Sq. Ft.: 5,803
Lot Size: 13,140
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 15
APN: 5073-008-014

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,450,000

Median List Price/Sq.Ft.

$703

Median Sold Price

$1,277,500

Median Sold Price/Sq.Ft.

$715

Total Inventory

Median Sale to List Price %

98.65%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

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