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 located south of Beverly Boulevard, three blocks away from Larchmont Village - one of LA's most distinct and well-regarded neighborhood s. 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 roomy and feature patios (86% of units), A/C units and on-site parking for every unit.

Pristine 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, thre 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.

Request Information
on 161 S St Andrews Pl
in Los Angeles, CA
Presented by Sean Rosenzweig at
Marcus & Millichap.


Property MLS #23-232447 from TheMLSCLAW

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 21

+ Bathrooms

Total Bathrooms: 21
Full Bathrooms: 21

+ Land Info

Lot Size Acres: 0.1949036
Lot Size Source: Assessor
Lot Size Square Feet: 8490

+ Garage and Parking

Garage Description: Controlled Entrance, Subterranean, Gated
Parking Total: 21

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 1
Number of Units: 21
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 45610

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Cap Rate: 4.23
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
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$721670 + $311512 $1033182	$14237
2021	$707520 + $305404 $1012924	$13979
2020	$700266 + $302273 $1002539	$14094
2019	$686536 + $296347 $982883	$13603
2018	$673075 + $290537 $963612	$13482
2017	$659878 + $284841 $944719	$13174
2016	$646940 + $279256 $926196	$12707
2015	$637223 + $275062 $912285	$12544
2014	$624741 + $269674 $894415	$12725
2013	$621918 + $268456 $890374	$12720
2012	$609724 + $263193 $872917	$12890
2010	$597769 + $258033 $855802	$12721
2009	$594712 + $256714 $851426	$12272
2009	$593302 + $256105 $849407	$12272
2008	$583051 + $251681 $834732	$11812
2007	$571619 + $246747 $818366	$11386

+ Reveal Property Sale History

Price Changed 2024-06-19
$4400000
TheMLSCLAW

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Price Changed 2023-10-20
$4550000
TheMLSCLAW

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Price Changed 2023-04-28
$5000000
TheMLSCLAW

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Price Changed 2023-02-25
$5500000
TheMLSCLAW

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Price Changed 2023-02-09
$5750000
TheMLSCLAW

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Listed 2023-01-14
$6000000
TheMLSCLAW

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Sold 1989-07-13
$1400000
Public Record

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Sold 1987-08-25
$1070000
Public Record

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Sold 1985-05-10
$865000
Public Record

+ Commercial Info

Net Operating Income: 186008

+ Building and Construction

Total Square Feet Living: 15606
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

+ Display Complete School Details

Charles H. Kim Elementary School is a public elementary school located approximately 0.2 miles away.
Map directions

John Burroughs Middle School is a public middle school located approximately 1.5 miles away.
Map directions

Los Angeles Senior High School is a public high school located approximately 1.6 miles away.
Map directions

St. Brendan is a private elementary and middle school located approximately 0.2 miles away.
Map directions