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.
