1649 S St Andrews Pl, Los Angeles, CA 90019
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1649 S St Andrews Pl Los Angeles, CA 90019

$2,360,000 Sold Price as of 11/29/2023
  • 12 Beds
  • 13 Baths
  • 7,616 Sq.Ft.
Sold
$2,360,000 Sold Price as of 11/29/2023 Refinance Your Mortgage

Map preview of 1649 S St Andrews Pl, Los Angeles, CA 90019

Property Overview: 1649 S St Andrews Pl Los Angeles, CA has 12 bedrooms, 13 bathrooms, 7,616 living square feet and 8,744 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this 13 unit offering located in an excellent Western Heights location between Koreatown and Mid-City. The property has an excellent unit mix consisting of (10) 1 Bed/1 Bath, (1) 2 Bed/1Bath, and (2) Single units. Two of the units are newly constructed ADU's that include a single and a 1 Bed/1Bath, both of which have A/C, new appliances, and high-end finishes. The subject property sits on an 8,563square foot lot zoned LAR3 and was built in 1963.The building is well maintained and features on-site laundry and 9 parking spaces, 6 of which are covered spaces. There is NO soft story parking required. There is significant upside in rents (44%) making this an excellent value-add opportunity for an investor.

Listed by William James | BRE #01734419 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Peter James | BRE #01748556 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 3 minutes ago | Last updated: December 14th, 2023 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
8,744
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23324351
City
Los Angeles
County
Los Angeles
Time on Site
257 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,312
  • Total Rent: $13,121
  • Pro Forma/Market Rent: $18,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $582
  • Total Rent: $582
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,545
  • Total Rent: $3,195
  • Pro Forma/Market Rent: $3,090
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.58%
  • Gross Rent Multiplier: 11.91
  • Gross Scheduled Income: --
  • Net Operating Income: $133,892
  • Gross Operating Income: $198,369
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1649 S St Andrews Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Community
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
  • Security Features: Smoke Detector(s), Window Bars, Gated Community, Automatic Gate
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Covered, Detached Carport, Private, Uncovered, Driveway
Lot Information
  • Lot Features: Rectangular Lot
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 13
  • Parcel Number: 5073015012
  • Architectural Style: Mid Century Modern
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Exit Western going North off the 10 fwy. Go West on Washington 1 block and turn North on St. Andrews Pl. Property is located on the West side of the street.
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Sale History for 1649 S St Andrews Pl

Last sold for $2,360,000 on November 29th, 2023
  • November, 2023

  • Nov 29, 2023

    Date

    Sold

    CRMLS: 23324351

    $2,360,000

    Price

  • Oct 23, 2023

    Date

    Active

    CRMLS: 23324351

    $2,400,000

    Price

  • July, 2023

  • Jul 24, 2023

    Date

    Canceled

    CRMLS: 23272969

    $2,690,000

    Price

  • May 22, 2023

    Date

    Active

    CRMLS: 23272969

    $2,690,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present this 13 unit offering located in an excellent Western Heights location between Koreatown and Mid-City. The property has an excellent unit mix consisting of (10) 1 Bed/1 Bath, (1) 2 Bed/1Bath, and (2) Single units. Two of the units are newly constructed ADU's that include a single and a 1 Bed/1Bath, both of which have A/C, new appliances, and high-end finishes. The subject property sits on an 8,563square foot lot zoned LAR3 and was built in 1963. The building is well maintained and features on-site laundry and 9 parking spaces, 6 of which are covered spaces. There is NO soft story parking required. There's significant upside in rents making this an excellent value-add opportunity for an investor

  • May, 2023

  • May 18, 2023

    Date

    Canceled

    CRMLS: SB23031669

    $2,750,000

    Price

  • Feb 23, 2023

    Date

    Active

    CRMLS: SB23031669

    $2,900,000

    Price

  • Listing provided courtesy of CRMLS

    Well maintained 13-unit apartment building located in prime Harvard Heights, Mid City Los Angeles. The property features a well-designed unit mix consisting of two (2) studio/1 bath, ten (10) 1 bed/1 bath, one (1) 2 bed/1 bath. Two units constructed in 2022 as accessory dwelling units (ADU's) featuring mini-split air conditioners, new appliances, and high-end finishes. The two additional units bring the building square footage to 7,615 sq ft on a 8,741 lot. Additional features include on-site laundry, with nine on-grade parking spaces. Very Walkable with a score of 89. Food 4 Less, CVS Pharmacy, Carl’s Jr., Wing Stop, WaBa Grill, Winchell’s Donut House, McDonald’s, Pizza Hut, El Pollo Loco and Panda Express all within walking distance. Three shopping centers within 0.3 miles, which is about a 5-minute walk. Located within 0.2 miles of The Rhimes Performing Arts Center built in 2022 as the new home of the Debbie Allen Dance Academy and The Wallis Performance Space. Property is located in Transit Oriented Community (TOC) Tier 3, Economic Development Area Los Angeles State Enterprise Zone.

  • February, 2023

  • Feb 2, 2023

    Date

    Expired

    CRMLS: 22204673

    $2,860,000

    Price

  • Oct 3, 2022

    Date

    Active

    CRMLS: 22204673

    $2,860,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present this 13 unit offering located in an excellent Western Heights location between Koreatown and Mid-City. The property has an excellent unit mix consisting of (10) 1 Bed/1 Bath, (1) 2 Bed/1 Bath, and (2) Single units. Two of the units are newly constructed ADU's that include a single and a 1 Bed/1 Bath, both of which have A/C, new appliances, and high-end finishes. The subject property sits on an 8,563 square foot lot zoned LAR3 and was built in 1963. The building is well maintained and features on-site laundry and 9 parking spaces, 6 of which are covered spaces. There is NO soft story parking required. There is significant upside in rents making this an excellent value-add opportunity for an investor. This investment benefits from an excellent Western Heights location that has continued to experience tremendous growth with new shops, dining, and entertainment venues within walking distance. The St. Andrews location is adjacent to the popular Koreatown submarket and a short commute to the 10 fwy giving easy access to the West Side and Downtown Los Angeles.

  • September, 2019

  • Sep 3, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,025,000

    Price

  • January, 2009

  • Jan 13, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1649 S St Andrews Pl

Assessed Value (2020): $2,025,000
Year Land Value Improved Value Assessed Value
2020 $1,275,000 $750,000 $2,025,000

Home Value Compared to the Market

This property vs the competition

1649 S St Andrews Pl sold on November 29, 2023 for 88.38% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $315.13 per/sqft which puts the price per square foot 60.16% lower than the current median sale per square foot for the city of Los Angeles.

About 1649 S St Andrews Pl

Detailed summary of property

1649 S St Andrews Pl is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 12 bedrooms, 13 bathrooms, roughly 7,616 living square feet, and sits on an approximately 8,744 square foot lot. 1649 S St Andrews Pl was first listed on ArdentRealEstateGroup.com on October 23, 2023. The homeowner sold the property for $2,360,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 88.38% higher than the current median priced home. Local homes that are currently for sale include 2634 Dalton Ave, 838 S Gramercy Pl and 1152 S Bronson Ave. While the average home in Los Angeles, CA is selling in 102 days, 1649 S St Andrews Pl has a days on market of 35 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. For more information on this home for sale at 1649 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 1649 S St Andrews Pl

Public county record property details
Beds
11
Baths
11
Year built
1963
Sq. Ft.
6,934
Lot Size
8,563
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
90
APN
5073-015-012

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
$1,459,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
76
Median Sale to List Price %
102.14%
Avg Days on Market
18
Loan Type
Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

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Related Resources to 1649 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.