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1310 S St Andrews Place

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1310 S St Andrews Place | Los Angeles, CA

$2,200,000

We are pleased to present for sale a unentitled development site in the thriving, densely populated Mid-City neighborhood. Owner will carry financing with 30% down payment at 5% interest rate for 5 years. The site is zoned C2 on ±13,140 square foot lot. 3.75 FAR including TOC density bonus. Develop ±32 units as multifamily project. Other option using TOC can develop over ±50 units. See rent comparable range for new construction. 1 bedroom range from $1,600 - $1,800 & 2 bedrooms range from $2,000 - $2,500. Midtown Los Angeles offers an excellent, central location that is minutes away from key employement centers including Downtown Los Angeles, Wilshire Boulevard, Miracle Mile, Koreaown, Hollwyood, West Hollywood, Beverly Hills, and Century City. Currently operating as a 9 unit apartment building with gross income of approximately $111,900. One unit will be delivered vacant.
Listing Provided by Anie Mayelian, Keller Williams Encino-Sherman

Based on information from California Regional Multiple Listing Service, Inc. as of August 28, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.