$4,400,000 Price Analysis   ♡   Los Angeles, CA 90004 21 bed 21 bath 15,606 SqFt ($281/SqFt) 8,490SqFt lot. Built 1971 Listed 2023-01-14, Taxes $14,237 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
DO NOT DISTURB TENANTS.
We are pleased to offer for sale a 21-unit apartment community located at 161 South St Andrews Place. The subject property is lo cated 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 sizeable and feature patios (86% of units), A/C units and on-site parking for every unit.
Pristine Ownership will have the pportunity to add tremendous value as there is 55 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.
Presented by Sean Rosenzweig at
Marcus & Millichap.
Property MLS #23-232447 from TheMLSCLAW
Full Bathrooms: 21
Lot Size Source: Assessor
Lot Size Square Feet: 8490
Parking Total: 21
Calculated Total Monthly Association Fees: 0
Number of Units: 21
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 45610
County: Los Angeles
Cap Rate: 4.44
Directions: West of Western Ave between Beverly Blvd and W 3rd St.
Source Property Type: Residential Income
Area: Hancock Park-Wilshire
Source Neighborhood: Hancock Park-Wilshire
Parcel Number: 5516-022-023
Postal Code Plus 4: 5051
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $721,670 + $311,512 $1,033,182 | $14,237 |
| 2021 | $707,520 + $305,404 $1,012,924 | $13,979 |
| 2020 | $700,266 + $302,273 $1,002,539 | $14,094 |
| 2019 | $686,536 + $296,347 $982,883 | $13,603 |
| 2018 | $673,075 + $290,537 $963,612 | $13,482 |
| 2017 | $659,878 + $284,841 $944,719 | $13,174 |
| 2016 | $646,940 + $279,256 $926,196 | $12,707 |
| 2015 | $637,223 + $275,062 $912,285 | $12,544 |
| 2014 | $624,741 + $269,674 $894,415 | $12,725 |
| 2013 | $621,918 + $268,456 $890,374 | $12,720 |
| 2012 | $609,724 + $263,193 $872,917 | $12,890 |
| 2010 | $597,769 + $258,033 $855,802 | $12,721 |
| 2009 | $594,712 + $256,714 $851,426 | $12,272 |
| 2009 | $593,302 + $256,105 $849,407 | $12,272 |
| 2008 | $583,051 + $251,681 $834,732 | $11,812 |
| 2007 | $571,619 + $246,747 $818,366 | $11,386 |
$4,400,000
TheMLSCLAW
Price Changed 2023-10-20
$4,550,000
TheMLSCLAW
Price Changed 2023-04-28
$5,000,000
TheMLSCLAW
Price Changed 2023-02-25
$5,500,000
TheMLSCLAW
Price Changed 2023-02-09
$5,750,000
TheMLSCLAW
Listed 2023-01-14
$6,000,000
TheMLSCLAW
Sold 1989-07-13
$1,400,000
Public Record
Sold 1987-08-25
$1,070,000
Public Record
Sold 1985-05-10
$865,000
Public Record
Year Built: 1971
Levels: Three Or More Levels
Living Area Source: Assessor
Property Age: 53
Levels or Stories: 3
Building Total Stories: 3
Year Built Source: Assessor
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  | ||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.