161 S St Andrews Pl, Los Angeles, CA 90004

$6,000,000
21
BD
21
BA
15,606
SqFt
List Price
$6,000,000
MLS#
23-232447
Year Built
1971
Bedrooms
21
Bathrooms
21
Living Sq. Ft
15,606
Lot Size
8,490
Days on Market
24
Property Type
Multifamily
Stories
3

Property Description

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.

Additional Information

Other Buildings
None
Heat
Other
Cooling
Other
Number of Cars in Garage
Controlled Entrance, Subterranean, Gated

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of , Sean Rosenzweig - CA DRE#

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