Listed by Sean Rosenzweig with Marcus & Millichap 213-943-1800

161 S St Andrews Place

Los Angeles, CA, 90004

$5,000,000

$320 per ft²
$5,000,000
$320 per ft²
Active Under Contract
Active Under Contract
 - For Sale
beds
21 Beds
baths
21 Baths
carpenters-square
15,606 ft²
property_type
Multi-family
calendar
Built 1971
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.
MLS® ID:
23232447
Listed:
1/12/23
Updated:
9/24/23
Compass
Benjamin Kahle Team
Mobile: (310) 779-4578Email: ben@historicrealestatela.com
By providing your contact information, you acknowledge and agree to ourPrivacy Policyand consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Interior Features

Total Bedrooms
21
Total Bathrooms
21

Exterior/Building Features

Lot Size
8,490 ft² lot

Other Property Details

Area Name
C18 - Hancock Park-Wilshire
Garage
No
Parking
Controlled Entrance, Underground, Gated
Parking Total
21.0
View
N
County
Los Angeles
Pool
No
Total Stories
3
Zoning
LAR3
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
2/9/23
Price Change
$5,750,000
-4%
2/24/23
Price Change
$5,500,000
-4%
4/28/23
Price Change
$5,000,000
-9%
9/18/23
Active Under Contract
-
-

Listing Contact: 213-943-1800 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/24/23. 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.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/24/23 at 11:57 PM UTC

Compass
Benjamin Kahle Team
Mobile: (310) 779-4578Email: ben@historicrealestatela.com
By providing your contact information, you acknowledge and agree to ourPrivacy Policyand consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.
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