NOT LISTED FOR SALE

138 S Saint Andrews Place Los Angeles, CA 90004

Koreatown Neighborhood
10 Beds
10 Baths
6,331 Sq Ft
6,654 Sq Ft Lot

Last Sold April 12, 2024

Last sale price $1,920,000 $303 Per Sq Ft

27 Days on Market

Highlights

  • Park
  • Laundry Room
  • Wall Furnace
  • Charles H. Kim Elementary School Rated A-

About This Home

As of April 2024

Located on a quiet, tree-lined street, our recently remodeled apartment building consists of eight well-cared for units. Among them, we have two 2-bed, 2-bath units and six 1-bed, 1-bath units. The property features six designated parking spaces and a convenient community laundry room.

The six remodeled units showcase laminate flooring, newer faucets, and updated cabinets in both the kitchen and bathrooms. Additionally, our long-term tenants currently enjoy significantly lower rent, presenting ample opportunity to increase rental rates moving forward.

Furthermore, as an added convenience, the washer and dryer facilities are leased on a minimal commission basis. Landlord pays for water and trash.

Last Agent to Sell the Property

Jee Kim

Remax Optima Brokerage Phone: 818-653-2185 License #01207563 Listed on: 02/28/2024

Remax Optima

Last Buyer's Agent

Grace Kuh

Summit Pro Realty License #01425392

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,654 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 6,331 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 38
  • Tax Tract Number 739
  • Assessor Parcel Number 5516025008
  • $1,195 per year additional tax assessments

Community Details

Recreation

  • Park

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $2,152
  • Gardener Expense $1,060
  • Insurance Expense $5,493
  • Maintenance Expense $1,060
  • Other Expense $94
  • Trash Expense $5,321
  • Water Sewer Expense $5,193
  • New Taxes Expense $854
  • Operating Expense $21,167
  • Gross Income $136,872
  • Net Operating Income $156,433

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Price Per Unit: 246250
  • Property Attached: Yes
  • Water Sewer Expenses: 5193.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1060.00
  • Parcel Number: 5516025008
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 303.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5321.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6654.00
  • Lot Size Acres: 0.1528

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 2152.00
  • Gross Income: 136872.00
  • Gross Operating Income: 172272.00
  • Gross Scheduled Income: 177600.00
  • Insurance Expense: 5493.00
  • Laundry Income: 1000.00
  • Lot Size Area: 6654.0000 Square Feet
  • Maintenance Expense: 1060.00
  • Net Operating Income: 156433.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 21167.00
  • Other Expense: 94.17
  • Other Expense Description: Bus. Tax
  • Rent Control: Yes
  • Total Actual Rent: 11406.00
  • Total Expenses: 21167.00

Tax Info

  • New Taxes Expense: 854.00
  • Tax Census Tract: 2115.00
  • Tax Lot: 38
  • Tax Tract Number: 739
  • TaxOtherAnnualAssessmentAmount: 1195.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $1,920,000 -2.5% $303 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $1,970,000 +2.6% $311 / Sq Ft
03/13/2024 03/13/24 Off Market $1,920,000 -- --
03/12/2024 03/12/24 For Sale $1,970,000 +2.6% $311 / Sq Ft
03/11/2024 03/11/24 Off Market $1,920,000 -- --
02/28/2024 02/28/24 For Sale $1,970,000 -- $311 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD24026809

California Regional Multiple Listing Service (CRMLS)