About 1645 S St Andrews Place
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 $1,900,000 ($146,154/unit | $278.31/SF) with a 5.52% current cap rate, the real story is turnover RSO units that reset to market at each vacancy, a 9.42% pro forma cap with no capital program assumed, and pricing 7% below the average of six recent comparable sales.
Features of 1645 S St Andrews Place
| MLS® # | 26102021 |
|---|---|
| Price | $1,900,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Square Footage | 6,827 |
| Lot Size | 9,101 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 13 |
Community Information
| Address | 1645 S St Andrews Place |
|---|---|
| Area | C16 - Mid Los Angeles |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90019 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Parking | Driveway Down Slope From Street |
| Garages | Driveway Down Slope From Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | None |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Stories | Multi/Split |
Additional Information
| Date Listed | September 30th, 2026 |
|---|---|
| Days on Market | 14 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Taylor Avakian |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |