1645 S St Andrews Place, Los Angeles, CA 90019

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1645 S St Andrews Place,Los Angeles, CA 90019
$1,800,000
  • 8 Beds
  • 13 Baths
  • 6,827 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian, freddie gershinson
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26102021
Source:CRMLS

Price summary

  • Price:$1,800,000
  • Price per sq. ft.:$263.66

About this home

1645 S St Andrews Pl | 13-Unit Value-Add Multifamily, Mid-City Los Angeles. 1960-built asset totaling 6,827 SF on a 9,277 SF LAR3 lot, one block west of Western Avenue with Koreatown to the north and quick access to the I-10 and the Metro E Line's Expo/Western station. The property features (7) studios averaging 410 SF, (4) 1BR/1BA units averaging 600 SF, and (2) 2BR/1BA units averaging 765 SF, plus 10 on-site parking spaces. Twelve of 13 units are occupied, with in-place rents averaging $1,299 against $1,820 at market, a 40% gap, and one studio delivered vacant for immediate lease-up. Offered at $1,800,000 ($138,462/unit | $263.66/SF) with a 5.89% current cap rate, the real story is turnover: RSO units that reset to market at each vacancy, a 10.01% pro forma cap with no capital program assumed, and pricing 12% below the average of six recent comparable sales.

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Home facts

  • Listing ID #:26102021
  • Added:17 day(s) ago
  • Updated:October 31, 2026 at 12:44 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:13
  • Living area:6,827 sq. ft.

Structure and exterior

  • Building area:6,827 sq. ft.
  • Lot area:0.21 Acres

Finances and disclosures

  • Price:$1,800,000
  • Price per sq. ft.:$263.66

Parking

  • Total parking spaces:10
  • Parking description:Driveway Down Slope From Street
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