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740 N St Andrews Pl, Los Angeles, CA 90038
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740 N St Andrews Pl Los Angeles, CA 90038

$1,800,000 Sold Price as of 06/29/2022
  • 8 Beds
  • 8 Baths
  • 5,776 Sq.Ft.
Sold
$1,800,000 Sold Price as of 06/29/2022 Refinance Your Mortgage
Map preview of 740 N St Andrews Pl, Los Angeles, CA 90038

Property Overview: 740 N St Andrews Pl Los Angeles, CA has 8 bedrooms, 8 bathrooms, 5,776 living square feet and 8,509 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 740 N St Andrews Pl, an 8-unit apartment building located in Hollywood, CA. Situated on an 8,509 SF lot, the subject property was built in 1954 and consists of eight (8) one-bedroom/one-bath units. The property boasts ample parking for a property of this size, offering twelve (12) uncovered on-site parking spaces as well as a laundry facility for tenants. Hitting the market for the first time in over 25 years, 740 N. St Andrews represents a tremendous opportunity for a value-add investor or operator to purchase a well-located asset with over 50%+/- upside in rents. There is currently one unit, in original condition, that will be delivered vacant at the close of escrow, allowing a buyer to come in and immediately renovate and achieve market rent for the unit. With a Walk Score of 88, residents have easy access to all the dining, shopping, and entertainment options that Hollywood has to offer. The property is centrally located between Hollywood, Larchmont Village, Los Feliz, and Silver Lake. Lively theaters, art galleries, trendy restaurants, and shops are conveniently located nearby such as Coffee Coffee, Osteria La Buca, Hollywood Bowl, and Larchmont Village.

Listed by Saadia 'Sam' Liberow | BRE #01933858 | Marcus & Millichap
Last checked: 15 minutes ago | Last updated: June 29th, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
8,509
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22150065
City
Los Angeles
County
Los Angeles
Time on Site
744 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $923
  • Total Rent: $923
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $923
  • Total Rent: $923
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,182
  • Total Rent: $1,182
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $998
  • Total Rent: $998
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $927
  • Total Rent: $927
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $992
  • Total Rent: $992
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $912
  • Total Rent: $912
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.65
  • Gross Scheduled Income: --
  • Net Operating Income: $57,583
  • Gross Operating Income: $108,476
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 740 N St Andrews Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 8
  • Parcel Number: 5535016013
Location / Neighborhood
Location Information
  • Directions: Near cross streets N St. Andrews Pl and Marathon St.
View more facts & features

Local Los Angeles Agent

Sale History for 740 N St Andrews Pl

Last sold for $1,800,000 on June 29th, 2022

  • June, 2022

  • Jun 29, 2022

    Date

    Sold

    CRMLS: 22150065

    $1,800,000

    Price

  • Apr 25, 2022

    Date

    Active

    CRMLS: 22150065

    $1,750,000

    Price

  • August, 2013

  • Aug 5, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2012

  • Sep 4, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 740 N St Andrews Pl

Assessed Value (2020): $499,703
Year Land Value Improved Value Assessed Value
2020 $155,256 $344,447 $499,703

Home Value Compared to the Market

This property vs the competition

740 N St Andrews Pl sold on June 29, 2022 for 47.06% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $302.98 per/sqft which puts the price per square foot 59.87% lower than the current median sale per square foot for the city of Los Angeles.

About 740 N St Andrews Pl

Detailed summary of property

740 N St Andrews Pl is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 5,776 living square feet, and sits on an approximately 8,509 square foot lot. 740 N St Andrews Pl was first listed on ArdentRealEstateGroup.com on April 26, 2022. The homeowner sold the property for $1,800,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 47.06% higher than the current median priced home. Local homes that are currently for sale include 5633 La Mirada Ave, 5918 Barton Ave and 126 N Kingsley Dr. While the average home in Los Angeles, CA is selling in 94 days, 740 N St Andrews Pl has a days on market of 10 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 740 N St Andrews Pl Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 740 N St Andrews Pl

Public county record property details
Beds
8
Baths
8
Year built
1954
Sq. Ft.
5,776
Lot Size
8,509
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
30
APN
5535-016-013

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$706
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
42
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

Thinking of Selling?

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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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