406 S St Andrews Pl, Los Angeles, CA 90020
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406 S St Andrews Pl Los Angeles, CA 90020

$3,799,000
  • 11 Beds
  • 11 Baths
  • 10,868 Sq.Ft.
For Sale
$3,799,000 Get Pre-Qualified

Map preview of 406 S St Andrews Pl, Los Angeles, CA 90020

Property Overview: 406 S St Andrews Pl Los Angeles, CA has 11 bedrooms, 11 bathrooms, 10,868 living square feet and 9,015 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Excellent Location! Situated in the vibrant heart of Korea Town, this property boasts an 11-unit Apartment Buildingthat faces the West and North directions. Positioned within Korea Town's premier rental market, there is significant potential for increased rental yields. The upgraded units showcase an inviting Open Floor Plan, flooded with naturallight, and boasting contemporary kitchen designs. Each unit includes a covered parking space and hassle-free access to a Gated Parking area. The property offers exceptional convenience, as its within easy walking distance of renowned restaurants, supermarkets, pharmacies, shops, schools, entertainment venues, and Metro Stations. Additionally, the building holds promising prospects and growth potential, with numerous trendy developments and constructions in progress nearby. This presents a remarkable opportunity for property value appreciation in the near future.

Listed by Dominic Kennedy | BRE #02083855 | Christie's AKG
Co-listed by Kirby Gillon | BRE #01960253 | Christie's AKG
Last checked: 16 minutes ago | Last updated: February 16th, 2024 | Source CRMLS | DOM: 242
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Home details

Lot Sq. Ft
9,015
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23303561
City
Los Angeles
County
Los Angeles
Time on Site
250 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 11
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $25,434
  • Pro Forma/Market Rent: $33,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.1%
  • Gross Rent Multiplier: 7.27
  • Gross Scheduled Income: --
  • Net Operating Income: $256,178
  • Gross Operating Income: $305,209
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 406 S St Andrews Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 20
  • Has Parking
  • Parking Features: Assigned, Gated
Property Information
  • Total # of Units: 11
  • Parcel Number: 5503016019
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Please refer to google maps.
View more facts & features

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Sale History for 406 S St Andrews Pl

View property's historical transactions
  • August, 2023

  • Aug 18, 2023

    Date

    Active

    CRMLS: 23303561

    $4,200,000

    Price

Tax History for 406 S St Andrews Pl

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

406 S St Andrews Pl is listed 210.12% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $349.56 per/sqft which puts the price per square foot 54.84% lower than the median price per square foot for the city of Los Angeles.

About 406 S St Andrews Pl

Detailed summary of property

406 S St Andrews Pl is a multi family located in Los Angeles, CA 90020 and is currently for sale. This multi family property offers 11 bedrooms, 11 bathrooms, roughly 10,868 living square feet, and sits on an approximately 9,015 square foot lot. 406 S St Andrews Pl was first listed on ArdentRealEstateGroup.com on August 27, 2023. The homeowner is currently asking $3,799,000 and was originally asking $4,200,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 210.12% higher than the median priced home. Local competing homes currently for sale include 4942 Maplewood Ave, 444 N Lucerne Blvd and 639 N Alexandria Ave. While the average home in Los Angeles, CA is selling in 96 days, 406 S St Andrews Pl has a days on market of 242 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 406 S St Andrews Pl Los Angeles, CA 90020 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 406 S St Andrews Pl

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90020 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$800,000
Median List Price/Sq.Ft.
$658
Median Sold Price
$520,000
Median Sold Price/Sq.Ft.
$702
Total Inventory
48
Median Sale to List Price %
104%
Avg Days on Market
43
Loan Type
Conventional (36.36%), FHA (0%), VA (0%), Cash (9.09%), Other (18.18%)

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Related Resources to 406 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.