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406 St Andrews Place
Los Angeles, CA 90020
Sold
406 St Andrews Place
Los Angeles, CA 90020
Sold
OVERBID HEARING SCHEDULED ON FRIDAY APRIL 15, 2022. OPENING BID WILL BE $3,725,000. 406 S St Andrews Place is in the most desirable part of Koreatown between Wilshire Boulevard, 3rd Street, Western, and S. Rossmore Ave. Those in the know will confirm that this is considered prime Koreatown. As a result, 406 S St Andrews Place continues to capitalize on the tremendous growth that Koreatown enjoys. In addition, the subject property's transit-oriented and highly walkable (95 Walk score) location offers residents access to various entertainment venues, cultural destinations, dining options, and employment centers nearby.The asset, built-in 1960, is reflective of the architectural character from that era and features Six (6) Two Bedroom + Two Bathroom units, Four (4) One-Bedroom + One Bathroom units, and One (1) One-Bedroom +One and a half Bathroom unit for a total of eleven units. 406 S St Saint Andrews place consists of 10,868 sq. Ft. and resides on a 9,015 sq. Ft. lot.Two units will be delivered vacant, which is ideal for apartment operators seeking an actual value add opportunity to reposition a multifamily asset to obtain a higher yield. In addition, the lack of inventory in the immediate area, low-interest rates, and the value-add component should entice even the most discerning investors.
PROPERTY INFORMATION
| MLS # | 22126659 | Lot Size | 9,015 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 3,300,000
Price Per SqFt: $ 304 |
DOM | 1180 Days |
| Address | 406 St Andrews Place | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 10,868 Sq. Ft. |
| Postal Code | 90020 | Garage | N/A |
| County | Los Angeles | Year Built | 1960 |
| Bed / Bath | 17 / 0 | Parking | 11 |
| Built In | 1960 | Status | Closed |
| Sold Date | 2022-05-06 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Oven, Range |
| Has Heating | Yes |
| Heating Information | Forced Air |
| Room Information | Living Room |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Wood, Tile, Carpet |
| Bathroom Information | Tile Counters, Shower |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,520
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/06/2022 | Sold | $3,675,000 |
| 03/16/2022 | Active Under Contract | $3,300,000 |
| 02/10/2022 | Listed | $3,300,000 |
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Listing provided courtesy of David Weinberger, Keller Williams Studio City. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
