Under Contract
161 S St Andrews Place
Los Angeles CA, 90004
$4,550,000
$291.55 per sqft
Under Contract
21 Beds
21 Baths
15,606 sqft
Residential
Built in 1971
Listed by Sean Rosenzweig with Marcus & Millichap 310-909-5500
We are 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 60 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.
23232447
MLSⓇ ID
January 13, 2023
Listed
April 12, 2024
Updated
Map
161 S St Andrews Place
Los Angeles CA, 90004
Interior Features
Total Stories
3
Bedrooms
21 Beds
Bathrooms
21 Baths
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.19 Acres
Other Property Details
Area Name
C18 - Hancock Park-Wilshire
Days on Market
452
Garage
No
Parking
Controlled Entrance, Underground, Gated
Parking Total
21
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
4/9/2024 | Under Contract | — |
10/20/2023 | Price Change | $4,550,000 -9% |
10/20/2023 | Active | — |
9/19/2023 | Under Contract | — |
4/28/2023 | Price Change | $5,000,000 -10% |
Listing Contact: 310-909-5500
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/12/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/12/2024 at 7:53 PM UTC