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Property Description

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.

Features
3
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Additional Information
Marcus & Millichap
0
CLW-C107850
CLW-X7515101
Sean
5516022023
: Standard
Three Or More
32

Multi-Family For Sale

161 St Andrews Place, Los Angeles, California 90004

15,606 Sqft
$4,550,000
Listing ID #23232447
Basic Details
Status : Active under contract
DaysOnMarket : 452
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 23232447
Price : $4,550,000
Living Area : 15,606 Sqft
Lot Size : 8,490 Sqft
Year Built : 1971
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90004
Price Per Square Foot : $292
ModificationTimestamp : 2024-04-09 09:46:12
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