863 S St Andrews Place Los Angeles, CA 90005
Koreatown Neighborhood
4
Beds
2
Baths
2,860
Sq Ft
7,507
Sq Ft Lot
About This Home
As of June 2025This well-located R4-zoned duplex is being offered together with the adjacent 32-unit property located at 3701 W. 9th Street. This large 7,505 SF lot features a duplex with 2 Two-Bedroom units and will be delivered with the upstairs unit Vacant. The property is located in a Tier 3 Transit Oriented Community (TOC) allowing for additional density for development. Developers may explore additional incentives such as AB 2097, AB 2345 and ED 1 (Buyer to Verify).
Last Agent to Sell the Property
Greysteel California, Inc. Brokerage Phone: 310-382-6705 License #01991247 Listed on: 04/07/2025
Last Buyer's Agent
Greysteel California, Inc. Brokerage Phone: 310-382-6705 License #01991247 Listed on: 04/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,537
Year Built
- Built in 1909
Lot Details
- 7,507 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 2,860 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 11 / 5
- Assessor Parcel Number 5092024009
- $540 per year additional tax assessments
Community Details
Overview
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $465
- Maintenance Expense $2,600
- Professional Management Expense $3,000
- Water Sewer Expense $2,900
- New Taxes Expense $14,280
- Operating Expense $25,000
- Gross Income $31,800
- Net Operating Income $36,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 7, 2025
Closed on
May 30, 2025
Sold by
National Wilshire Apartments Llc
Bought by
Marchana 9Th St Llc
Seller's Agent
Everett Wong
Greysteel California, Inc.
Buyer's Agent
Everett Wong
Greysteel California, Inc.
List Price
$1,200,000
Sold Price
$800,000
Premium/Discount to List
-$400,000
-33.33%
Total Days on Market
60
Views
8
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
307369745.29%
Original Mortgage
$4,100,000
Outstanding Balance
$4,100,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$2,847,667
Purchase Details
Closed on
Apr 15, 2023
Sold by
Mayeno John K
Bought by
National Wilshire Apartments Llc
Similar Homes in Los Angeles, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $800,000 | Ticor Title Company | |
| Grant Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,100,000 | New Conventional | |
| Previous Owner | $184,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2025 06/09/25 | Sold | $800,000 | -33.3% | $280 / Sq Ft |
| 04/07/2025 04/07/25 | For Sale | $1,200,000 | -- | $420 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,537 | $583,531 | $468,603 | $114,928 |
| 2023 | $7,401 | $572,090 | $459,415 | $112,675 |
| 2022 | $7,074 | $560,873 | $450,407 | $110,466 |
| 2021 | $6,975 | $549,876 | $441,576 | $108,300 |
| 2019 | $6,775 | $533,569 | $428,480 | $105,089 |
| 2018 | $6,589 | $523,108 | $420,079 | $103,029 |
| 2016 | $6,282 | $502,797 | $403,768 | $99,029 |
| 2015 | $6,193 | $495,246 | $397,704 | $97,542 |
| 2014 | $6,225 | $485,546 | $389,914 | $95,632 |
Source: Public Records
Agents Affiliated with this Home
-
Everett Wong
Seller's Agent in 2025
Everett Wong
Greysteel California, Inc.
(310) 382-6705
2 in this area
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25075751
APN: 5092-024-009
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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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