Description

1645 S St Andrews Pl | 13-Unit Value-Add Multifamily, Mid-City Los Angeles. 1960-built asset totaling 6,827 SF on a 9,277 SF LAR3 lot, one block west of Western Avenue with Koreatown to the north and quick access to the I-10 and the Metro E Line's Expo/Western station. The property features (7) studios averaging 410 SF, (4) 1BR/1BA units averaging 600 SF, and (2) 2BR/1BA units averaging 765 SF, plus 10 on-site parking spaces. Twelve of 13 units are occupied, with in-place rents averaging $1,299 against $1,820 at market a 40% gap and one studio delivered vacant for immediate lease-up. Offered at $1,900,000 ($146,154/unit | $278.31/SF) with a 5.52% current cap rate, the real story is turnover RSO units that reset to market at each vacancy, a 9.42% pro forma cap with no capital program assumed, and pricing 7% below the average of six recent comparable sales.

Property details

Bedrooms

8

Bathrooms

13

Square feet

6,827

Property type

Residential Income

Lot size

9,101 sqft

Location

1645 S St Andrews Place • Los Angeles, CA 90019

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Listing Agent

Taylor Avakian

DRE #: 02060040

Brokerage: Lyon Stahl Investment Real Estate, Inc.

Freddie Gershinson

Co-Listing Agent

DRE #: 02254744

Brokerage: Lyon Stahl Investment Real Estate, Inc.

Similar Listings

Recent sales near 1645 S St Andrews Place

1415 S St Andrews Place: Sold $1,752,000 · 12 bd · 8 ba · 9,268 sqft · Sep 2026 · 0.2 mi
1404 S Van Ness Avenue: Sold $1,860,000 · 9 bd · 7 ba · 5,000 sqft · Aug 2026 · 0.3 mi
Redpoint Realty | DRE #01955545
Buyer's agent: Ki Rin Jang, High Equity Real Estate Service, Inc. | DRE #02148745
1513 Arlington Avenue: Sold $1,400,000 · 9 bd · 9 ba · 5,857 sqft · Jul 2026 · 0.4 mi
Equity Union | DRE #01934177
Buyer's agent: Josh Kaplan, Equity Union | DRE #01934177
1542 1/2 2nd Avenue: Sold $1,250,000 · 16 bd · 9 ba · 5,472 sqft · Jul 2026 · 0.4 mi
Link Brokerages | DRE #01998822
Buyer's agent: Chase Simonton, RE/MAX One | DRE #01766871
1224 S Wilton Place: Sold $1,590,000 · 6 bd · 5 ba · 4,560 sqft · Sep 2026 · 0.4 mi
Keller Williams Realty World Media Center | DRE #01275725
Buyer's agent: Ty Harman, Keller Williams Realty World Media Center | DRE #02160943
1220 S Wilton Place: Sold $1,525,000 · 4 bd · 3 ba · 3,382 sqft · Aug 2026 · 0.5 mi
Rodeo Realty | DRE #00981766
Buyer's agent: Kimberly Park, Keller Williams Larchmont | DRE #01977891
1117 S Manhattan Place: Sold $1,399,000 · 4 bd · 3 ba · 1,807 sqft · Jul 2026 · 0.6 mi
Coldwell Banker Realty | DRE #00888374
Buyer's agent: Gisela Rivera, The One Luxury Properties | DRE #02205356
1338 4th: Sold $810,000 · 4 bd · 2 ba · 2,810 sqft · Sep 2026 · 0.6 mi
Property Red | DRE #01874298
Buyer's agent: Laurie Cappadocia, Property Red | DRE #01874298

Closed sales reported in 90019, nearest first, last 12 months. All recent sales in Los Angeles →

Sale history for 1645 S St Andrews Place

Sold $2,100,000 in June 2021 · MLS #SR21110381 · Source: CRMLS

CRMLS

MLS# 26102021

Listed: 10/13/2026 12:41 PM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/14/2026 4:52 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Lyon Stahl Investment Real Estate, Inc.

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

8-Bedroom Residential Income - 1645 S St Andrews Place, Los Angeles, CA