1415 S St Andrews Pl

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$2,350,000

12 Beds 8 Baths 9,268 Sq.Ft.

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Description

Prime investment opportunity in the heart of LA's vibrant 90019 zip code! This charming 8-unit building, set on a large 13,166 SF R3 lot, offers a rare blend of classic architecture, updated interiors, and exceptional long-term upside. The unit mix includes 4 spacious 2-bed units and 4 well-appointed 1-bed units, many of which have been remodeled or meticulously maintained. Pride of ownership is evident throughout. Below-market rents and long-term tenants provide immediate value-add potential. Ideally located near Koreatown, Mid-Wilshire, and Harvard Heights, the property is surrounded by new multifamily developments. With R3 zoning and a sizable lot, this is also a fantastic opportunity for developers to tear down and build condos or a larger multifamily project in one of LA's hottest growth corridors. Whether you're seeking stable cash flow, redevelopment upside, or both this is a can't-miss opportunity.

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Location

1415 S St Andrews Pl, Los Angeles, CA 90019

Status

For Sale

Property Amenities

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Interior

Laundry room In Unit

Fireplace Dining, Living Room, Kitchen

Appliances Refrigerator, Gas Or Electric Dryer Hookup, Dryer

Flooring Carpet, Hardwood, Tile, Vinyl

Total Bedrooms: 12

Other Interior Features Basement - Partial

Area & Lot

Lot Area 0.3 Acres

Living area 9,268 Sq.Ft.

MLS® ID 25561443

Year Built 1922

Water Frontage None

View Description None

Architecture Styles Traditional

Type Multi-Family

Status For Sale

Exterior

Stories 2

Pool None

Air conditioning Air Conditioning, Wall/Window

Heat type Wall, Natural Gas

Water Source District, Meter on Property, Public

Garage Space 8.0

Security Features Automatic Gate, Carbon Monoxide Detector(s), Gated, Smoke Detector

Sewer In Street, In Street Paid

Parking Assigned, Auto Driveway Gate, Community Garage, Controlled Entrance, Covered Parking, Detached, Driveway, Shared Driveway, Uncovered, On street, Other, Garage Is Detached, Garage - 4 Car, Driveway Gate, Driveway - Concrete

Lot Features Automatic Gate, Fenced, Fenced Yard, Gated Community

Roof Composition, Flat, Tile

Finance

Sales Price $2,350,000

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$2,350,000