5734 S St Andrews Pl, Los Angeles, CA 90062

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5734 S St Andrews Pl Los Angeles, CA 90062

$1,300,000 Sold Price as of 10/31/2023

8 Beds
6 Baths
2,930 Sq.Ft.

Sold

$1,300,000 Sold Price as of 10/31/2023 Refinance Your Mortgage

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Map preview of 5734 S St Andrews Pl, Los Angeles, CA 90062

Property Overview: 5734 S St Andrews Pl Los Angeles, CA has 8 bedrooms, 6 bathrooms, 2,930 living square feet and 6,048 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: *$50K PRICE REDUCTION* Four recently completed & exquisitely renovated units South of USC. Seller is in the process of leasing the last two units and based on the first two units already leased this will be at least a 7.4%+ cap rate presumably higher. The large 3+2 unit has an upper bonus study/living room area and potential FOURTH BEDROOM area. This is a gentrifying location. They recently built the Chesterfield Square mall with Starbucks, Jamba Juice, Walgreens, Panda Express, Food 4 Less, Home Depot, etc. All are a 5 minute walk away. Plus they are building 44 brand new luxury units at the end of the block. This location is Very Walkable - 78 Walk score and is a Transportation Oriented Development area that has attracted $2 Billion Dollars in new development and investors are eyeing additional multi-use developments. All of this is in the marketing package. ***PLEASE REQUEST A MARKETING PACKAGE***

Listed by Kelly Morgan | BRE #01898026 | KW Advisors

Last checked: 4 minutes ago | Last updated: April 19th, 2024 | Source CRMLS | DOM: 102

Home details

Lot Sq. Ft: 6,048
HOA Dues: $0/mo
Year built: 1924
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 23287825
City: Los Angeles
County: Los Angeles
Time on Site: 312 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,500
Total Rent: $3,500
Pro Forma/Market Rent: $3,500

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,096
Total Rent: $2,096
Pro Forma/Market Rent: $2,096

Unit Breakdown 3

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,900
Total Rent: $3,900
Pro Forma/Market Rent: $3,900

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,096
Total Rent: $2,096
Pro Forma/Market Rent: $2,096

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 7.76%
Gross Rent Multiplier: 10.5
Gross Scheduled Income: --
Net Operating Income: $108,537
Gross Operating Income: $134,931

Annual Expense Breakdown

Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 5734 S St Andrews Pl

Interior Features

Levels: Multi/Split

Lot Details / Garage and Parking

Parking/Garage Information

No
Parking Features: None

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 4
Parcel Number: 5005024006

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: North of Slauson Ave, West of Western Ave, South of 57th St

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Local Los Angeles Agent

Sale History for 5734 S St Andrews Pl

Last sold for $1,300,000 on October 31st, 2023

April, 2024
Apr 19, 2024

Date

Canceled

CRMLS: 23337251

$4,100

Price
Dec 5, 2023

Date

Active

CRMLS: 23337251

$4,100

Price
Listing provided courtesy of CRMLS

3 Bed 2 Bath Apartment located in the heart of Los Angeles with bonus top floor. New Appliances and Recent upgrade. Great central location convenient to many areas in Los Angeles. Nice layout with plenty of space. Spacious kitchen with open concept floorplan.

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October, 2023
Oct 31, 2023

Date

Sold

CRMLS: 23287825

$1,300,000

Price
Jul 6, 2023

Date

Active

CRMLS: 23287825

$1,448,000

Price
September, 2022
Sep 9, 2022

Date

Sold

CRMLS: 22174359

$630,000

Price
Jul 1, 2022

Date

Active

CRMLS: 22174359

$730,000

Price
Listing provided courtesy of CRMLS

Calling all investors, developers and contractors! The opportunity to restore or rebuild two units has presented itself, yes, this duplex is being delivered vacant! With some TLC & vision, this property can be greatly enriched. Located in Chesterfield Square, there is potential to add an ADU to the 6,000 SqFt lot, which could mean up to three units of rental income. The location is central and convenient for public transit. The Home Depot, Food 4 Less, & numerous other retailers are moments away. Easy access to major highways & LAX. USC and SoFi Stadium are minutes away. Buyer to verify to Buyer's full satisfaction any and all property records, square footage, lot size, permits, usage, zoning & potential development opportunities & ADU's.

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May, 2019
May 10, 2019

Date

Expired

CRMLS: IV18029027

$285,000

Price
May 9, 2019

Date

Withdrawn

CRMLS: IV18029027

$285,000

Price
May 9, 2019

Date

Pending

CRMLS: IV18029027

$285,000

Price
Apr 5, 2019

Date

Sold

CRMLS: IV18029027

--

Price
Mar 13, 2018

Date

Pending

CRMLS: IV18029027

$285,000

Price
Mar 11, 2018

Date

Sold

CRMLS: IV18029027

--

Price
Feb 7, 2018

Date

Pending

CRMLS: IV18029027

$285,000

Price
Feb 7, 2018

Date

Active

CRMLS: IV18029027

$285,000

Price
Listing provided courtesy of CRMLS

Property is near schools, stores, transportation. Property in need of extensive interior repairs, Street parking. Owner is Selling in AS-IS Condition NO Exceptions.

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Tax History for 5734 S St Andrews Pl

Assessed Value (2020): $42,983

Year	Land Value	Improved Value	Assessed Value
2020	$23,284	$19,699	$42,983

Home Value Compared to the Market

This property vs the competition

5734 S St Andrews Pl sold on October 31, 2023 for 17.48% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $477.13 per/sqft which puts the price per square foot 36.8% lower than the current median sale per square foot for the city of Los Angeles.

About 5734 S St Andrews Pl

Detailed summary of property

5734 S St Andrews Pl is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 2,930 living square feet, and sits on an approximately 6,048 square foot lot. 5734 S St Andrews Pl was first listed on ArdentRealEstateGroup.com on July 6, 2023. The homeowner sold the property for $1,300,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 17.48% higher than the current median priced home. Local homes that are currently for sale include 4707 Crenshaw Blvd, 3968 Arlington Ave and 4136 Leimert Blvd. While the average home in Los Angeles, CA is selling in 93 days, 5734 S St Andrews Pl has a days on market of 102 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 5734 S St Andrews Pl Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5734 S St Andrews Pl

Public county record property details

Beds: 3
Baths: 3
Year built: 1924
Sq. Ft.: 2,282
Lot Size: 6,048
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 759
APN: 5005-024-006

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$859,000

Median List Price/Sq.Ft.

$582

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$553

Total Inventory

Median Sale to List Price %

85.49%

Avg Days on Market

Loan Type

Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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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.