NOT LISTED FOR SALE

5405 S St Andrews Place Los Angeles, CA 90062

Chesterfield Square Neighborhood
11 Beds
8 Baths
6,144 Sq Ft
1959 Built

Last Sold April 14, 2017

Last sale price $1,300,000 $212 Per Sq Ft

19 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Garden
  • Corner Lot
  • Laundry Room
  • 2-minute walk to Chesterfield Square Park

About This Home

As of April 2017

First time on the market in 58 years! This great investment opportunity is a well maintained 8 unit apartment complex with excellent curb appeal, located in the Park Hills Heights community of Los Angeles. The present owner has made extensive upgrades to this property over the years including: exterior & interior paint, kitchen granite countertops, upgrading some bathrooms, new tile flooring, new carpet, landscaping, and plumbing. The property has a great unit mix of three 2 bed/1 bath units and five 1 bed/1 bath units. All units are individually metered for gas & electric and tenants also pay for the trash service. There is a laundry room on-site with 1 washer and 1 dryer and room to add an additional stacked washer and dryer increasing laundry usage revenue. Due to a current vacancy of a 2 bed/1 bath unit, there is an upside potential in rent. Property is being sold in as is condition. Don’t miss out on this great investment opportunity to grow your real estate portfolio!

Last Agent to Sell the Property

Victoria Bueno

Victoria Bueno Realty License #01419987 Listed on: 02/22/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 8,061 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Front Yard Sprinklers
  • Garden

Interior Spaces

  • 6,144 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Shared Driveway
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Wall Furnace
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 722
  • Assessor Parcel Number 5005022020

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 7 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Gardener Expense $1,200
  • Insurance Expense $2,784
  • Maintenance Expense $3,735
  • Other Expense $536
  • Water Sewer Expense $3,600
  • New Taxes Expense $15,528
  • Operating Expense $21,875
  • Gross Income $552
  • Net Operating Income $62,665

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • Water Sewer Expenses: 3600.00
  • Zoning: LARD1.5
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5005022020
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Levels: One
  • Price Per Square Foot: 211.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Shared Driveway
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Individual Room, Inside
  • Sewer: Private Sewer, Public Sewer
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Garden, Sprinklers In Front
  • Lot Size Sq Ft: 8061.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 552.00
  • Gross Multiplier: 12.30
  • Gross Operating Income: 83988.00
  • Gross Scheduled Income: 83988.00
  • Insurance Expense: 2784.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 552.00
  • Maintenance Expense: 3735.00
  • Net Operating Income: 62665.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Operating Expense: 21875.00
  • Other Expense: 536.00
  • Other Expense Description: RSO
  • Rent Control: Yes
  • Total Actual Rent: 6999.00
  • Total Expenses: 21875.00
  • Vacancy Allowance: 16800

Tax Info

  • New Taxes Expense: 15528.00
  • Tax Census Tract: 2325.00
  • Tax Lot: 722

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
04/14/2017 04/14/17 Sold $1,300,000 +4.6% $212 / Sq Ft
03/13/2017 03/13/17 Pending -- -- --
02/22/2017 02/22/17 For Sale $1,242,260 -- $202 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Victoria Bueno

    Seller's Agent in 2017

    Victoria Bueno

    Victoria Bueno Realty

    (310) 488-8977

    7 Total Sales

    Victoria Bueno
    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,825 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17031805

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90062 Chesterfield Square

5405 S St Andrews Place, Los Angeles, CA

This home is located at 5405 S St Andrews Place, Los Angeles, CA 90062 since 22 February 2017. This property was built in 1959. 5405 S St Andrews Place is a home located in Los Angeles County with nearby schools including Western Avenue Technology Magnet, Angeles Mesa Elementary School, and Horace Mann Ucla Community.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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