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4805 S St Andrews Pl

Los Angeles, CA 90062
  • $975,000
  • STATUS: Closed
  • ON SITE: 171 Days
  • MLS #: 24-433751
Sold - 12/21/2024
$975,000
SOLD - 12/21/2024
  • 7
    BEDS
  • 0.17
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,894
    SQFT
  • $250
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

6.3% Cap Rate. (7.4% Cap Rate after ADU construction). Currently 10.53 GRM. 35% upside in rents. Additional future income potential of $24,000/year after construction of one bedroom ADU. Property has approved permit for ADU garage conversion (potential additional income of $2,000/month). Tenants pay trash. Parking on site with access from alley. Single family neighborhood. Corner location at 48th St and S. St. Andrews. Three tenants are Sec. 8. The three bedroom unit is vacant. This unit is estimated to be $3,495 per month after renovation.

Sold by Keith Brennan BRE#01214434 of Brennen Realty.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-18T15:43:07.117. 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.deserthouseseekers.com/homes/154377979
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4805 S St Andrews Pl Los Angeles, CA 90062

  • Price: $1,195,000
  • Status: Closed
  • On Site: 171 Days
  • Updated: 30 min ago
  • MLS #: 24-433751
7
Beds
5
Baths
0
½ Baths
0.17
Acres
3,894
SQFT
$250
$/SQFT
1950
Built
Neighborhood:
Park Hills Heights
County:
Los Angeles
Area:
Park Hills Heights
Property Description
6.3% Cap Rate. (7.4% Cap Rate after ADU construction). Currently 10.53 GRM. 35% upside in rents. Additional future income potential of $24,000/year after construction of one bedroom ADU. Property has approved permit for ADU garage conversion (potential additional income of $2,000/month). Tenants pay trash. Parking on site with access from alley. Single family neighborhood. Corner location at 48th St and S. St. Andrews. Three tenants are Sec. 8. The three bedroom unit is vacant. This unit is estimated to be $3,495 per month after renovation.
Exterior Features

Direction Faces North Entry Location Ground Level - no steps Levels Two Lot Size Area 7280 Other Structures None Parking Garage None Paved YN Yes Total Parking 2

Interior Features

Cooling None Equipment Range/OvenRefrigerator Heating Electric Water Heater Features GasMulti-Tank

Property Features

Alley YN Yes Assessed Total Value 893500 Disclosures As Is Gross Income 0 Gross Operating Income 110114 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 75353.00 Number Of Buildings 1 Number Of Units 5 Owner Pays Water Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityTrash Collection Total Annual Expense 34761 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning LAR2

Listing provided courtesy of Keith Brennan DRE#01214434 of Brennen Realty: 310-881-2940.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-18T15:43:07.117. 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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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210