1619 S St Andrews Place, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath
ACTIVE UNDER CONTRACT$1,145,000
1619 S St Andrews Place, Los Angeles, California 90019
0Bed
0Bath
3,250Sqft
8,923Lot
Year Built
1922
Close
-
List price
$1.15M
Original List price
$1.2M
Price/Sqft
$352
HOA
-
Days on market
-
Sold On
-
MLS number
SB25159203
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.15M(46th), sqft - 3250(46th), beds - undefined(50th), baths - undefined(50th).
8,920 square foot lot with 4-unit MFR structure to be delivered with plans in progress for 23 or 30 residential unit layouts. Excellent location on a quiet residential street in the high demand Arlington Heights neighborhood of Mid-City Los Angeles. Developer-friendly parking configuration with 12 first level covered spaces and bike storage (no subterranean parking) in the 23 unit plans, or no required parking in the 30 unit plans. 4-Unit multi-family existing property allows for attractive purchase financing and there is an FHA loan in place for $1,000,000 @ 3.55% that may be assumable by the buyer.
Price History
Date
Event
Price
08/08/25
Price Change
$1,145,000
07/15/25
Listing
$1,195,000
Condition Rating
Tear down
Built in 1922, the property shows extensive physical depreciation and neglect. The images reveal kitchens with severely outdated fixtures, damaged cabinets, old appliances, and general disrepair. Other interior rooms have exposed wiring, worn flooring, and peeling paint. The listing description itself states the existing 4-unit structure 'will likely require demolition for the proposed redevelopment,' indicating the property's value is primarily in the land and its redevelopment potential, not the current structure. It is unlivable in its current condition.
Pros & Cons
Pros
Significant Redevelopment Potential: The 8,920 square foot lot comes with plans in progress for 23 or 30 residential unit layouts, offering substantial density and future revenue potential in a high-demand area.
Assumable Low-Interest FHA Loan: A major financial advantage is the existing $1,000,000 FHA loan at an exceptionally low 3.55% interest rate, which may be assumable by the buyer, significantly reducing financing costs.
Prime & High-Demand Location: Located on a quiet residential street in the highly sought-after Arlington Heights neighborhood of Mid-City Los Angeles, ensuring strong rental demand and property value appreciation.
Developer-Friendly Parking Solutions: The proposed plans include flexible parking configurations (12 first-level covered spaces or no required parking for 30 units), avoiding the high costs and complexities associated with subterranean parking.
Existing Income-Generating Property: The current 4-unit multi-family structure allows for attractive purchase financing and provides potential interim rental income during the planning and permitting phases of redevelopment.
Cons
Plans 'In Progress' Risk: While plans for new units are underway, their 'in progress' status means they are not yet finalized or approved, introducing potential delays, additional costs, and uncertainties in the development timeline.
Age of Existing Structure: Built in 1922, the existing 4-unit structure is old and will likely require demolition for the proposed redevelopment, adding to initial project costs and potential environmental considerations.
Lack of Premium Views: The property description explicitly states 'View: None,' which could limit its appeal or premium pricing potential compared to developments in Los Angeles that offer desirable city or natural views.