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    686 S St Andrews Pl

    Los Angeles, CA 90005
    • $3,850,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: 20-625312
    Price Reduced
    UPDATED: 21 min ago
    $3,850,000
    • 16
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,600
      SQFT
    • $332
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    JUST REDUCED $50,000! 686 S St Andrews Pl is a 16-unit value-add opportunity in the highly desirable Mid-Wilshire/Koreatown submarket. Built in 1957, this Postmodern Pop-style building underwent a facelift remodel in 1989. The 11,600 SF structure is situated on a 10,107 SF, LAR4-2 zoned lot w/ 14 garage parking spaces, communal courtyard + on-site laundry. Approx. 75% of the building's plumbing was upgraded to copper lines. It is separately metered for gas/electric. The 16(1+1) units vary in layout+design w/ select interiors featuring hardwood floors, original tiled bathrooms + stainless steel appliances. Required City of LA Seismic Retrofitting work has not yet been completed. The central location offers easy access to surrounding neighborhoods, including the revitalized West Adams. Close to the 10, 101 + 110 freeways. 2 blocks from the Wilshire/Western Metro Purple Station.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T10:42:21.433. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/109859664
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    686 S St Andrews Pl Los Angeles, CA 90005

    • Price: $3,850,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: 20-625312
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    11,600
    SQFT
    $332
    $/SQFT
    1957
    Built
    Neighborhood:
    Hancock Park-Wilshire
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire
    Property Description
    JUST REDUCED $50,000! 686 S St Andrews Pl is a 16-unit value-add opportunity in the highly desirable Mid-Wilshire/Koreatown submarket. Built in 1957, this Postmodern Pop-style building underwent a facelift remodel in 1989. The 11,600 SF structure is situated on a 10,107 SF, LAR4-2 zoned lot w/ 14 garage parking spaces, communal courtyard + on-site laundry. Approx. 75% of the building's plumbing was upgraded to copper lines. It is separately metered for gas/electric. The 16(1+1) units vary in layout+design w/ select interiors featuring hardwood floors, original tiled bathrooms + stainless steel appliances. Required City of LA Seismic Retrofitting work has not yet been completed. The central location offers easy access to surrounding neighborhoods, including the revitalized West Adams. Close to the 10, 101 + 110 freeways. 2 blocks from the Wilshire/Western Metro Purple Station.
    Exterior Features

    Direction Faces North Lot Location Corner Lot Lot Size Area 10107 Other Structures None Parking Garage GarageAssigned Total Parking 14

    Interior Features

    Baths Total 16.00 Cooking Appliances OvenRange Cooling Wall/WindowCeiling Fan Equipment Ceiling FanRange/OvenRefrigeratorFreezer Flooring Hardwood Heating Wall Laundry Laundry Area Water Heater Features Central Water Heater

    Property Features

    Gross Income 282549 Gross Operating Income 274198 Like Units1 16 Net Operating Income 169975.00 Number Of Buildings 1 Number Of Units 16 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 104223 Type Of Units 16 (1+1) Year Built Source Vendor Enhanced Zoning Lar4-2

    Listing provided courtesy of Matthew R. Kanner DRE#01349203 of Keller Williams Realty Los Feliz.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T10:42:21.433. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Valencia CA, 91355