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1648 S St Andrews Place

Los Angeles, CA 90019
  • $2,100,000
  • STATUS: ACTIVE
  • ON SITE: 36 Days
  • ID#: SR23197410
UPDATED: 30 min ago
$2,100,000
  • 6
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to introduce this 9-unit property situated in a prime Western Heights location. Between the vibrant neighborhoods of Koreatown and Mid-City. This property includes Three well-appointed 1-bedroom/1-bath units, four spacious 2-bedroom/1-bath and two single units. Built in 1946 this property is set on a generous 8,852-square-foot lot, a total of 7 garage parking spaces, providing residents with both convenience and security. Furthermore, the property offers an attractive assumable financing package at an incredibly favorable 3.3% interest rate, extending through June 2027, which enhances the investment's allure. Residents of this location enjoy the benefits of Western Heights, a neighborhood that has witnessed remarkable growth, characterized by an array of new shops, dining establishments, and entertainment. What sets this specific location apart is its accessibility to the 10 freeway, a mere mile away, providing easy commuting to major employment centers on the West Side and Downtown Los Angeles. This property represents a promising investment opportunity in a thriving neighborhood with long-term growth. We are pleased to introduce this 9-unit property situated in a prime Western Heights location. Between the vibrant neighborhoods of Koreatown and Mid-City. This property includes Three well-appointed 1-bedroom/1-bath units, four spacious 2-bedroom/1-bath and two single units. Built in 1946 this property is set on a generous 8,852-square-foot lot, a total of 7 garage parking spaces, providing residents with both convenience and security. Furthermore, the property offers an attractive assumable financing package at an incredibly favorable 3.3% interest rate, extending through June 2027, which enhances the investment's allure. Residents of this location enjoy the benefits of Western Heights, a neighborhood that has witnessed remarkable growth, characterized by an array of new shops, dining establishments, and entertainment. What sets this specific location apart is its accessibility to the 10 freeway, a mere mile away, providing easy commuting to major employment centers on the West Side and Downtown Los Angeles. This property represents a promising investment opportunity in a thriving neighborhood with long-term growth.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/144634279
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1648 S St Andrews Place Los Angeles, CA 90019

  • Price: $2,100,000
  • Status: ACTIVE
  • On Site: 36 Days
  • Updated: 30 min ago
  • ID#: SR23197410
6
Beds
0
Baths
0
½ Baths
0.19
Acres
Neighborhood:
Los Angeles (90019)
County:
Los Angeles
Area:
Los Angeles (90019)
Property Description
We are pleased to introduce this 9-unit property situated in a prime Western Heights location. Between the vibrant neighborhoods of Koreatown and Mid-City. This property includes Three well-appointed 1-bedroom/1-bath units, four spacious 2-bedroom/1-bath and two single units. Built in 1946 this property is set on a generous 8,852-square-foot lot, a total of 7 garage parking spaces, providing residents with both convenience and security. Furthermore, the property offers an attractive assumable financing package at an incredibly favorable 3.3% interest rate, extending through June 2027, which enhances the investment's allure. Residents of this location enjoy the benefits of Western Heights, a neighborhood that has witnessed remarkable growth, characterized by an array of new shops, dining establishments, and entertainment. What sets this specific location apart is its accessibility to the 10 freeway, a mere mile away, providing easy commuting to major employment centers on the West Side and Downtown Los Angeles. This property represents a promising investment opportunity in a thriving neighborhood with long-term growth. We are pleased to introduce this 9-unit property situated in a prime Western Heights location. Between the vibrant neighborhoods of Koreatown and Mid-City. This property includes Three well-appointed 1-bedroom/1-bath units, four spacious 2-bedroom/1-bath and two single units. Built in 1946 this property is set on a generous 8,852-square-foot lot, a total of 7 garage parking spaces, providing residents with both convenience and security. Furthermore, the property offers an attractive assumable financing package at an incredibly favorable 3.3% interest rate, extending through June 2027, which enhances the investment's allure. Residents of this location enjoy the benefits of Western Heights, a neighborhood that has witnessed remarkable growth, characterized by an array of new shops, dining establishments, and entertainment. What sets this specific location apart is its accessibility to the 10 freeway, a mere mile away, providing easy commuting to major employment centers on the West Side and Downtown Los Angeles. This property represents a promising investment opportunity in a thriving neighborhood with long-term growth.
Exterior Features

Pool N/K

Interior Features

Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Actual Cap Rate 5.0 Annual Expense Actual 43983 Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 13.4 Gross Scheduled Income Actual 156706 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 2035.0 Unit2 Rent Actual 975.0 Unit3 Rent Actual 1780.0 Unit4 Rent Actual 2300.0 Zoning Public Rec

San Diego MLS logo Listing provided courtesy of Yunus Hopkinson of Keller Williams Realty-Studio City: 818-984-6964. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Maxine & Marti Gellens | Berkshire Hathaway HomeServices California Properties
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