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$2,200,000

Beds
12
sq ft
5,368

947 S St Andrews Pl, Los Angeles, CA 90019

947 S St Andrews Pl

Los Angeles, CA 90019

  • 53 days on market
    • Price drop $150,000↓
We are delighted to present for sale a six-unit apartment complex situated at 947 South St. Andrews Place. Ideally positioned between Wilshire Boulevard and Olympic Boulevard, just west of Western Avenue, this property is situated in one of the most sought-after enclaves of Koreatown. Constructed with a wood frame/stucco blend, the property occupies a 6,132 square foot parcel. The unit configurations include one single unit, three two-bedroom/two-bath units, one two-bedroom/one-bath unit, and one three-bedroom/two-bath unit. Amenities comprise an on-site laundry facility, on-site parking, and individual metering for electricity and gas. To provide further details, the installation of the water heater and the seismic retrofit have been recently completed and five of the six units underwent a thorough remodel eight years ago, featuring new custom kitchen cabinets, granite countertops, renovated bathrooms, new hardwood flooring, and updated air conditioning systems. All units have currently below-market lease rates and the new owner will have good space to improve CAP after the completion of the purchase. Close to Transportation, Market, Restaurant, Bar, and Shops. This property is offered "As Is," with no warranty or liability to the seller and brokers. Prospective buyers/agents/brokers are kindly requested not to disturb the current tenants.

Details

Property type

Est. home value

$2,619,065

Lot size

6,132 sq ft

Price per sq ft

$410

Year built

1963

HOA

No

Price History

08/26/2024
CLAW

CLAW #24420645

Price change
$2,200,000
-6.38%
07/29/2024
CLAW

CLAW #24420645

Listed
$2,350,000
-2.08%
06/11/2024
CLAW

CLAW #24367099

Removed
$2,400,000

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Woori America Bank

Loan start date

November 2021

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

2.88%

Loan type

Commercial

Seller

Young Hi Kim and Sang Kim

Lender

Provident Savings Bank

Loan start date

June 2019

Original loan amount

$1,580,000

Est. remaining balance

Not provided

Interest rate

4.2%

Loan type

Commercial, 30 year

Seller

Young Hi Kim and Sang Kim

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/20/2024 at 7:30 AM

Listing updated: 08/26/2024 at 6:29 AM

Listed by: Hyun Jin IM, Epique Realty Phone #: (888) 893-3537

MLS: CLAW #24420645

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