$3,500,000

133 S St Andrews Place, Los Angeles, CA 90004

7,100

Lot Size

8

# Of Units

Listing Agent
Vinnie Park - Coldwell Banker Realty

4% CURRENT CAP RATE, FULLY RENOVATED MARKET RATE 8 UNIT SPANISH COLONIAL ARCHITECTURE WITH EVEN HIGHER UPSIDE POTENTIAL ON R3 TOC TIER 2 LOT 133 S St Andrew is a gorgeous Spanish Colonial architecture originally constructed in 1924 which consists of a unit mix of 1 great sized Two Bedrooms, 4 large One bedrooms, and 3 spacious Studios. Every unit features generous floor plans, an in-unit washer and dryer, a brand new kitchen, a designer-done bathroom, new hardwood flooring, and fresh coat of paint. Boasting almost 6,000 SF of living space, sitting on a tranquil tree-lined street within walking distance to Larchmont Village, this is an incomparable acquisition chance for a stabilized asset with immediate value-add potential. There is approximately 400 SF of storage space in the back structure which can be converted into ADU as a 9th unit. Not only as a value add, but this property also has tremendous potential to build up to a whopping 14 unit apartment complex on this single lot thanks to the TOC Tier 2 R3 Zoned lot. Conveniently located in the strong rental market in the Mid-Wilshire district of Larchmont Village, steps away from Wiltern Theatre, shops, bars, and entertainment venues on bustling Western Ave boasting a Walk Score of 97, a Walker's Paradise. With Purple Line station completion a few blocks south, this is one of the rare opportunities to grab a solid income property with tremendous potential.

Facts & Features

MLS® # 22168213
Price $3,500,000
Bathrooms 0.00
Lot Size 7,100
Year Built 1924
Type Residential Income
Status Active
# Of Units 8

Community Information

Address 133 S St Andrews Place
Area C18 - Hancock Park-Wilshire
City Los Angeles
County Los Angeles
State CA
Zip Code 90004

Amenities

Parking Spaces 6
Is Waterfront No
Has Pool No

Interior

Heating None
Cooling None
Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed June 15th, 2022
Days on Market 13
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentVinnie Park
OfficeColdwell Banker Realty

Listing Map

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