1648 St Andrews PlLos Angeles, CA 90019

Property Details for 1648 St Andrews Pl

Year built

1946

Construction

WOOD

Lot size

0.19 AC

Property size (Sq ft)

7,562 SF

Zone code

LAR3

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

5073-012-021

APU

5073012021

Description

This exceptional 9-unit apartment building, located at 1648 S St. Andrews Pl, Los Angeles, CA 90019, presents a compelling investment opportunity. Built in 1946, the property boasts 7,562 square feet on an 8,276 square foot lot and offers seven parking spaces. The asking price is $2,100,000, translating to $233,000 per unit and $277.70 per square foot. The property enjoys a strong 5.07% cap rate with a Net Operating Income (NOI) of $106,388. Expenses are meticulously detailed: repairs and maintenance are projected at $500 per unit annually post-renovation

• CAP approach

  CAP return

  Valuation

  6%

  $2,716,856

  6.5%

  $2,507,867

  7%

  $2,328,734

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,228,884

  Geo Method

  $2,228,884

• Alternative Use

  Use

  Valuation

  Residential

  $2,507,867

  Hospitality

  $2,297,192

  Educational

  $1,911,237

  Medical

  $1,976,968

  Retail

  $2,973,036

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0421

Longitude

-118.311

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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