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$ 2,350,000
Est. payment /mo
New
523 N St Andrews Los Angeles, CA 90004
11 Beds
9 Baths
5,067 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26192339
Bedrooms 11
Lot Size 5,067 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
523 N St Andrews Pl is a 2015-built fourplex located in prime Larchmont Village. The property delivers a strong 5.42% cap rate, approximately ten years of established rental history, and a stabilized income stream. The property features a desirable unit mix consisting of three 3-bedroom residences and one 2-bedroom residence. Each unit offers in-unit laundry, modern, easy-to-maintain finishes, and spacious, functional floorplans. The residences are noticeably larger than many brand-new units being delivered today, with generous kitchens, comfortable living areas, and oversized bedrooms that enhance their long-term rental appeal. Current rents include $3,715 per month for a 3-bedroom unit, $3,701 per month for a 3-bedroom unit, and $2,992 per month for the 2-bedroom unit. One 3-bedroom residence is currently vacant, creating the opportunity for an owner-user or an investor to lease the unit at market rent. The propertys established operating history and strong occupancy provide a reliable foundation for long-term income. Situated in East Larchmont, between Hancock Park and Hollywood, the property is very close to neighborhood restaurants and destinations including Antico Nuovo, Found Oyster, Levain Bakery, Max & Helens, Budonoki and Courage Bagels. Erewhon, Larchmont Village, Hollywood and Los Feliz are also easily accessible. The central location provides convenient access to major employment centers including Netflix, Paramount Studios, Kaiser Permanente Los Angeles Medical Center and Sunset Gower Studios, supporting demand from renters seeking newer construction, spacious
Location
State CA
County Los Angeles
Zoning Builder
Direction West of Western Avenue, between Melrose Avenue and Beverly Boulevard. From Western Avenue, head west on Maplewood Avenue, then t
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5522013005
Virtual Tour https://www.myunits.com/buy/523standrews
Listed by Lauren Cearley, DRE#02146823 Myunits.com Inc.
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