1310 S. St Andrews Place
Los Angeles, CA 90019


Property Details

Address:              1310 S. St Andrews Pl

Price:                    $2,950,000

Property Type:     Development   

Lot Size:               13,141 SF

Location:                      Mid City

Building Size:               26,862 SF

Number of Units:         43

Zoning:                         LAC2

The Mayelian Apartment Group is pleased to present 1310 S St. Andrews Place in Mid-City. Huge price reduction of $300,000! Price per unit is approximately $68k for an excellent opportunity to develop 43 units adjacent to Koreatown. Based on recent sales, an investor will have an incredible return on their investment! The completed building may have an approximate value of  $18 million, thereby generating a net profit of around $4.5 million (approximately 33% profit ratio) to an investor if sold. The projected gross annual rental income will also be over $1.1 million. The 13,141 sq. foot lot is fully entitled and the owners are just months away from attaining ready to issue (RTI) permits! The building will feature subterranean parking, a beautiful lobby, elevator, bicycle room, and rooftop deck with a view of the City. The building will consist of ten 2 bedroom/2 bath units, twenty-eight 1 bedroom/1 bath units, and five singles. The units will range from approximately 400-860 sq. ft each and the rentable sq. ft. of the finished building will be about 26,862 sq. ft.  This is a rare opportunity not to be missed! 

Anie Mayelian
(818) 915-9118
Email: Anie@mayliangroup.com
Contact Information