1645 S St Andrews Pl, Los Angeles, CA 90019
1645 S St Andrews Pl, Los Angeles, CA 90019
1645 S St Andrews Pl, Los Angeles, CA 90019
1645 S St Andrews Pl, Los Angeles, CA 90019
1645 S St Andrews Pl, Los Angeles, CA 90019
1645 S St Andrews Pl, Los Angeles, CA 90019
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Jamie Tolbert

Jamie Tolbert

+1(424) 299-1155
$ 1,800,000
Est. payment | /mo

8 Beds

13 Baths

6,827 SqFt

Save
$ 1,800,000
Est. payment | /mo
Save

8 Beds

13 Baths

6,827 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,827 sqft

Price per Sqft $263

MLS Listing ID 26102021

Bedrooms 8

Lot Size 9,101 Sqft

Acres 0.2089

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Above Street Level

Garage Spaces 10.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.
Jamie Tolbert

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(424) 299-1155

jamietolbertre@gmail.com

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1645 S St Andrews Pl