161 S St Andrews Place Los Angeles, CA ^$ 4,550,000

161 S St Andrews Place

^$ 4,550,000

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161 S St Andrews Place

Los Angeles, CA, 90004

^$ 4,550,000

Bedrooms21 Baths21.0 Sq 15,606

Monthly Estimate*

^$ 31,783

Listed by Marcus & Millichap

161 S St Andrews Place, Los Angeles, CA 90004 - Image 1

161 S St Andrews Place, Los Angeles, CA 90004 - Image 2

161 S St Andrews Place, Los Angeles, CA 90004 - Image 3

161 S St Andrews Place, Los Angeles, CA 90004 - Image 4

161 S St Andrews Place, Los Angeles, CA 90004 - Image 5

161 S St Andrews Place, Los Angeles, CA 90004 - Image 6

161 S St Andrews Place, Los Angeles, CA 90004 - Image 7

161 S St Andrews Place, Los Angeles, CA 90004 - Image 8

161 S St Andrews Place, Los Angeles, CA 90004 - Image 9

161 S St Andrews Place, Los Angeles, CA 90004 - Image 10

161 S St Andrews Place, Los Angeles, CA 90004 - Image 11

161 S St Andrews Place, Los Angeles, CA 90004 - Image 12

161 S St Andrews Place, Los Angeles, CA 90004 - Image 13

Multi-Family Home for sale in Los Angeles, CA

for $4,550,000 with 21 bedrooms and 21 full baths. This 15,606 square foot home was built in 1971 on a lot size of 0.1949.

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.

Multi-Family Active

Price

^$ 4,550,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1949

Year Built

1971

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23232447

Days on Market

473

Features

General

Zoning LAR3

Year Built 1971

Levels ThreeOrMore

Gross Income 342840.0

County Los Angeles

Net Operating Income 191214.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status ActiveUnderContract

Directions West of Western Ave between Beverly Blvd and W 3rd St.

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 21

MLS Area C18 - Hancock Park-Wilshire

Lot Size Square Feet 8490.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name St Andrews

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 452

Standard Status ActiveUnderContract

Year Built Source Assessor

Cap Rate 4.2

Exterior

Parking Features ControlledEntrance Underground Gated

Total Parking 21.0

Lot Size Area 8490.0

Number of Buildings 1

Spa N

Building Area Total 15606.0

Lot Size Acres 0.1949

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 3

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Place

Total Bedrooms 21

Electric On Property Y/N N

Total Baths 21

Internal Only

Street Number 1 161

* Excluded Features

List By

Marcus & Millichap

Broker

(213) 943-1897

Phone

Affordability Calculator

$31,783

Per Month

Monthly Principal & Interest: $31,783
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,002,074

Percent of Sale Price 56%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/22/2023	$4,550,000	-9.00%	Price Down
4/28/2023	$5,000,000	-9.09%	Price Down
2/25/2023	$5,500,000	-4.35%	Price Down
2/9/2023	$5,750,000	-4.17%	Price Down
1/14/2023	$6,000,000		Listed Price

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161 S St Andrews Place, Los Angeles, CA, 90004 is a Multi-Family Home for sale at $4,550,000 with 15,606 sqft and a lot size of 0.1949. 161 S St Andrews Place has 21 bedrooms, 21.0 baths, and was built in 1971. The property's zip code is 90004 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/30/2024. 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, 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.

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161 S St Andrews Place

Multi-Family Home for sale in Los Angeles, CA

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