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SOLD 12/29/2020
686 S St Andrews Place, Los Angeles, CA 90005
1
bed
1
bath
11600
ft2
· 10107
ft2 lot
$3,450,000
$332 / ft2
Listing provided courtesy of Listing Broker: Matthew R. Kanner, Keller Williams Realty Los Fel.
Source CRMLS.
JUST REDUCED $50,000! 686 S St Andrews Pl is a 16-unit value-add opportunity in the highly desirable Mid-Wilshire/Koreatown submarket. Built in 1957, this Postmodern Pop-style building underwent a facelift remodel in 1989. The 11,600 SF structure is situated on a 10,107 SF, LAR4-2 zoned lot w/ 14 garage parking spaces, communal courtyard + on-site laundry. Approx. 75% of the building's plumbing was upgraded to copper lines. It is separately metered for gas/electric. The 16(1+1) units vary in layout+design w/ select interiors featuring hardwood floors, original tiled bathrooms + stainless steel appliances. Required City of LA Seismic Retrofitting work has not yet been completed. The central location offers easy access to surrounding neighborhoods, including the revitalized West Adams. Close to the 10, 101 + 110 freeways. 2 blocks from the Wilshire/Western Metro Purple Station.
HOA
$—/month
On market
2 months
Year built
1957
Property type
Multi-Family
Parking
14
MLS
20625312
Price / Sq.Ft.
$332 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $3,850,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$749/day
$0
Best
Flyhomes Guaranteed Offer
$19,250
- -
$19,250
Better
Discount Brokerage
$15,285
not offered
$15,285
Average
Traditional Brokerage
$0
not offered
$0
Variable
Legal Disclaimer: The Savings Calculator is intended for planning and educational purposes only, and should not be solely relied upon in your decision to participate in Flyhomes’ Cash Offer or other programs.Read more
Property Details
Interior Features & Layout
Appliances
•   
Appliances: Refrigerator, Oven, Range
•   
Has Appliances
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Flooring
•   
Flooring: Wood
Interior Size
•   
Building Area Total: 11600.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage, Assigned
•   
Garage Spaces: 14.00
Lot Info
•   
Zoning: LAR4-2
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.2300
•   
Lot Size Area: 10107.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 16
Exterior Features
•   
Direction Faces: North
Building Info
•   
Stories Total: 2
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Gas, Electricity
•   
Gross Operating Income: 274198.00
•   
Total Expenses: 99360.00
•   
Gross Multiplier: 13.63
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 282549.00
•   
Tax Year: 2020
•   
Taxes: 14401.0
Lease Info
•   
Net Operating Income: 174839.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 16
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1450.00
•   
Unit 1 Total Rent: 23196.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
Location
•   
Directions: Located in the highly desirable Mid-Wilshire/Koreatown submarket of Los Angeles, just south of Wilshire Boulevard and west of Western Avenue.
Other
Calculation
•   
Dom: 64
•   
Cdom: 64
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 07, 2021 9:02pm
Neighborhood snapshot
41
Properties for sale
26
Median days on market
$552.27
Median sold price/sqft
98.43%
Sold/List %
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Property History
12/29/2020
12/29/2020
Public Record
sold
Public Record
$3,450,000
--10.39%
12/29/2020
12/29/2020
CRMLS #20625312
sold
CRMLS #20625312
$3,850,000
11/12/2020
11/12/2020
CRMLS #20625312
pending
CRMLS #20625312
$3,850,000
09/25/2020
09/25/2020
CRMLS #20625312
active
CRMLS #20625312
$3,850,000
--1.28%
09/09/2020
09/09/2020
CRMLS #20625312
active
CRMLS #20625312
$3,900,000
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