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161 S St Andrews Pl, Los Angeles, CA 90004
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161 S St Andrews Pl Los Angeles, CA 90004

$4,400,000
  • 21 Beds
  • 21 Baths
  • 15,606 Sq.Ft.
For Sale
$4,400,000 Get Pre-Qualified
Map preview of 161 S St Andrews Pl, Los Angeles, CA 90004

Property Overview: 161 S St Andrews Pl Los Angeles, CA has 21 bedrooms, 21 bathrooms, 15,606 living square feet and 8,490 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: *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 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.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 46 seconds ago | Last updated: June 19th, 2024 | Source CRMLS | DOM: 537
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Home details

Lot Sq. Ft
8,490
HOA Dues
$0/mo
Year built
1971
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23232447
City
Los Angeles
County
Los Angeles
Time on Site
536 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 21
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 21
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,360
  • Total Rent: $24,225
  • Pro Forma/Market Rent: $45,610
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.23%
  • Gross Rent Multiplier: 12.83
  • Gross Scheduled Income: --
  • Net Operating Income: $186,008
  • Gross Operating Income: $334,555
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 161 S St Andrews Pl

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Property Details for 161 S St Andrews Pl

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Three Or More
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 21
  • Has Parking
  • Parking Features: Controlled Entrance, Subterranean, Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 21
  • Parcel Number: 5516022023
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Western Ave between Beverly Blvd and W 3rd St.
View more facts & features

Local Los Angeles Agent

Sale History for 161 S St Andrews Pl

Last sold on August 30th, 1994

  • January, 2023

  • Jan 13, 2023

    Date

    Active

    CRMLS: 23232447

    $6,000,000

    Price

  • August, 1994

  • Aug 30, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 1994

  • Jun 15, 1994

    Date

    Sold (Public Records)

    Public Records

    $525,000

    Price

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Tax History for 161 S St Andrews Pl

Assessed Value (2020): $1,012,139
Year Land Value Improved Value Assessed Value
2020 $302,273 $709,866 $1,012,139

Home Value Compared to the Market

This property vs the competition

161 S St Andrews Pl is listed 266.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $281.94 per/sqft which puts the price per square foot 63.48% lower than the median price per square foot for the city of Los Angeles.

About 161 S St Andrews Pl

Detailed summary of property

161 S St Andrews Pl is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 21 bedrooms, 21 bathrooms, roughly 15,606 living square feet, and sits on an approximately 8,490 square foot lot. 161 S St Andrews Pl was first listed on ArdentRealEstateGroup.com on January 14, 2023. The homeowner is currently asking $4,400,000 and was originally asking $6,000,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 266.67% higher than the median priced home. Local competing homes currently for sale include 1002 N Mariposa Ave, 132 S Westmoreland Ave and 1042 Wilcox Ave. While the average home in Los Angeles, CA is selling in 100 days, 161 S St Andrews Pl has a days on market of 537 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 161 S St Andrews Pl Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 161 S St Andrews Pl

Public county record property details
Beds
--
Baths
--
Year built
1971
Sq. Ft.
15,606
Lot Size
8,520
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
5516-022-023

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$764
Median Sold Price
$2,215,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
68
Median Sale to List Price %
110.81%
Avg Days on Market
24
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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