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Listed by Anie Mayelian • Equity Union
$ 2,850,000
Est. payment /mo
Active
1310 S St Andrews PL Los Angeles, CA 90019
0.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CNSR23013827
Year Built 1910
Lot Size 0.302 Acres
Source CRISNet
Property Description
We are proud to present the opportunity to acquire a 9-unit apartment building and a retail space in Mid City on a spacious lot of 13,141 square feet! Owner will carry financing with 35% down payment. Two units, the retail store and six garages will be delivered vacant and can be rented at market rents. The building presents an excellent value add opportunity with huge rental upside after renovations! The apartment building consists of two 2 bedroom/1 bath units, six 1 bedroom/1 bath units, and a single. An investor could also potentially convert the garages into ADUs to generate additional income. As an added bonus, the subject has been entitled for a 43-unit residential income development and a prospective buyer may continue the process of obtaining approved plans and completing the building of a new construction project. The building is prominently located near Pico Blvd and Western Ave., and is in close proximity to Amazon Studios headquarters, Ivy Station (HBO headquarters), the Cumulus District (Whole Foods), endless dining, hotels, entertainment, historical landmarks, and a short distance from the 1-10 Freeway, Downtown LA, Santa Monica, and LAX. Gross income includes proforma rents from two vacant units, retail space, and 6 garage spaces. See rent roll on page 16 of the
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Community Facility
Exterior
Garage Spaces 11.0
Pool None
Building
Water District - Public
Others
Tax ID 5073008014
Special Listing Condition Not Applicable
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