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

161 South St Andrews Place

^$ 4,550,000

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161 South St Andrews Place

Los Angeles, CA, 90004

^$ 4,550,000

Studio Baths0.0 Sq 15,606

Monthly Estimate*

^$ 31,783

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

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

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

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

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

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

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

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

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

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

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

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

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

Studio

Multi-Family Home for sale in Los Angeles, CA

for $4,550,000. This 15,606 square foot home was built in 1971 on a lot size of 0.19.

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 Contingent

Price

^$ 4,550,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.19

Year Built

1971

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023232447

Features

General

Zoning LAR3

Year Built 1971

Levels Three or More

County Los Angeles

Net Operating Income 191214.0

New Construction No

Property Type C

HOA / Comm Assn No

Contingency Active Under Contract

Status Active Under Contract

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area HPK - Hancock Park

Lot Size Square Feet 8490.0

Street Name St Andrews

Standard Status Active Under Contract

Year Built Source Assessor

Buyer Agent Compensation Type %

Exterior

Parking Features Subterranean Controlled Entrance

Lot Size Area 8490.0

Building Area Total 15606.0

Lot Size Acres 0.19

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 3

Street Suffix Place

Total Baths 0

* Excluded Features

List By

Sean Rosenzweig

Listing Agent

Marcus & Millichap

Broker

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 ^$1,999,871

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/21/2023	$4,550,000	-9.00%	Price Down
4/29/2023	$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 South 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 0.19. 161 South St Andrews Place is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/9/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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161 South St Andrews Place

Multi-Family Home for sale in Los Angeles, CA

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