Active

161 S St Andrews Pl

Los Angeles CA, 90004

$4,550,000


$291.55 per sqft

Active

21 Beds

15,606 sqft

Residential

Built in 1971

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.

23-232447

MLS ID

January 13, 2023

Listed

February 15, 2024

Updated

Map

161 S St Andrews Pl
Los Angeles CA, 90004

Interior Features

Total Stories

3


Bedrooms

21 Beds


Appliances

Other


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.19 Acres

Other Property Details

Area Name

Hancock Park-Wilshire


Days on Market

361


Garage

No


Parking

Controlled Entrance, Subterranean, Gated


Parking Total

21


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listing History

Date

Event

Price

10/21/2023

Price Change

$4,550,000

-9%

10/21/2023

Active

9/19/2023

Under Contract

Listed by with Marcus & Millichap
Listing Contact: 310-513-3144 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Stephen Parisi shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/15/2024

Powered byLuxury Presence