$6,000,000

161 S St Andrews Place, Los Angeles, CA 90004

15,606

Square feet

8,490

Lot Size

21

# Of Units

Listing Agent
Sean Rosenzweig - Marcus & Millichap

I am pleased to offer for sale a 21-unit apartment community located at 161 South St Andrews Place. The subject property is located just south of Beverly Boulevard, three blocks away from Larchmont Village - one of LA's most distinct and well-regarded neighborhoods. The property is comprised of one three story building, situated on an 8,490 square foot parcel. Consisting entirely of one-bedroom units, the layouts are spacious and feature patios (86% of units), A/C units and on-site parking for every unit. New Ownership will have the opportunity to add tremendous value as there is 70 Percent remaining rental upside through interior renovations. As a result of the neighborhood's charm and desirability, there is robust demand for housing and long-term rent growth. The asset's location along with the value-add potential for a new owner make 161 South St Andrews an excellent acquisition opportunity.

Facts & Features

MLS® # 23232447
Price $6,000,000
Bathrooms 0.00
Square Footage 15,606
Lot Size 8,490
Year Built 1971
Type Residential Income
Status Active
# Of Units 21

Community Information

Address 161 S St Andrews Place
Area C18 - Hancock Park-Wilshire
City Los Angeles
County Los Angeles
State CA
Zip Code 90004

Amenities

Parking Spaces 21
Parking Controlled Entrance, Underground, Gated
Garages Controlled Entrance, Underground, Gated
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 3

Additional Information

Date Listed January 13th, 2023
Days on Market 14
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentSean Rosenzweig
OfficeMarcus & Millichap

Listing Map

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