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21-Units Value-Add Near Larchmont Village 161 S St. Andrews Pl 21 Unité Immeuble d’appartements 5 580 090 $ CAD (265 719 $ CAD/Unité) 5,51% Taux de capitalisation Los Angeles, CA 90004
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 37 Percent Remaining Rental Upside Through Interior & Exterior Renovations
- Long Term Ownership – Family Owned and Operated, on the Market for the First Time in Over 25 Years
- Features Secured Subterranean Parking, On-Site Laundry (Owner-Owned), Balconies (86% of Units), Elevator Modernized in 2021, and In-Unit A/C
- Located in a Highly Sought-After Pocket, Just Blocks from Larchmont Village with Convenient Access to Boutique Shops, Popular Eateries & Coffee Shops
- Nearby Local Landmarks Including The Wiltern, MaDang Courtyard, Omni Plaza, City Center on 6th, The LINE Hotel, Chapman Plaza & More
- Surrounded by Multi-Million Dollar Homes in Neighborhoods Including Windsor Square, Windsor Village, Wilshire Park, Lafayette Square & Hancock Park
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap, as the exclusive listing agent, is 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 37 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 valueadd potential for a new owner make 161 South St Andrews an excellent acquisition opportunity.
DISCLOSURE OF LEGAL PROCEEDINGS
Ownership is currently involved in the following legal matters involving the property:
1. Tenant Habitability Lawsuit: Los Angeles Superior Court Case No. 24STCV03171 –
Durwood v. Waheed, involving Unit #105 who still resides at the building.
2. Employment-Related Lawsuit: Los Angeles Superior Court Case No. 23STCV03290
– Durwood v. Canul, filed by the former on-site manager who has vacated the
building.
Broker has not independently verified the nature or details of the legal proceedings.Buyer is strongly advised to conduct their own due diligence, including a review of
all relevant court documents, with counsel of Buyer's choosing. Buyer acknowledges they may not rely on any statements or information provided by Broker. Broker
makes no representations or warranties regarding the status, substance, potential outcomes, or financial, legal, or property implications of any legal proceedings. Buyer assumes sole responsibility for the evaluation of these matters.
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 37 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 valueadd potential for a new owner make 161 South St Andrews an excellent acquisition opportunity.
DISCLOSURE OF LEGAL PROCEEDINGS
Ownership is currently involved in the following legal matters involving the property:
1. Tenant Habitability Lawsuit: Los Angeles Superior Court Case No. 24STCV03171 –
Durwood v. Waheed, involving Unit #105 who still resides at the building.
2. Employment-Related Lawsuit: Los Angeles Superior Court Case No. 23STCV03290
– Durwood v. Canul, filed by the former on-site manager who has vacated the
building.
Broker has not independently verified the nature or details of the legal proceedings.Buyer is strongly advised to conduct their own due diligence, including a review of
all relevant court documents, with counsel of Buyer's choosing. Buyer acknowledges they may not rely on any statements or information provided by Broker. Broker
makes no representations or warranties regarding the status, substance, potential outcomes, or financial, legal, or property implications of any legal proceedings. Buyer assumes sole responsibility for the evaluation of these matters.
SALLE DE DONNÉES Cliquez ici pour accéder à
- Offering Memorandum
FAITS SUR LA PROPRIÉTÉ
| Prix | 5 580 090 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 265 719 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,19 AC |
| Taux de capitalisation | 5,51% | Taille du bâtiment | 15 606 pi² |
| Multiplicateur du loyer brut | 10.83 | Nombre d’étages | 3 |
| Nombre d’unités | 21 | Année de construction | 1971 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 1,35/1 000 pi² |
| Sous-type de propriété | Appartement | ||
| Zonage | LAR3 | ||
| Prix | 5 580 090 $ CAD |
| Prix par unité | 265 719 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,51% |
| Multiplicateur du loyer brut | 10.83 |
| Nombre d’unités | 21 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,19 AC |
| Taille du bâtiment | 15 606 pi² |
| Nombre d’étages | 3 |
| Année de construction | 1971 |
| Ratio de stationnement | 1,35/1 000 pi² |
| Zonage | LAR3 |
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 21 | - | - |
Walk Score®
Un paradis pour un marcheur (96)
Transit Score®
Excellent transport en commun (73)
Impôts fonciers
| Numéro de lot | 5516-022-023 | Évaluation des bâtiments | 1 058 775 $ CAD |
| Évaluation du terrain | 457 023 $ CAD | Évaluation totale | 1 515 798 $ CAD |
Impôts fonciers
Numéro de lot
5516-022-023
Évaluation du terrain
457 023 $ CAD
Évaluation des bâtiments
1 058 775 $ CAD
Évaluation totale
1 515 798 $ CAD
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21-Units Value-Add Near Larchmont Village | 161 S St. Andrews Pl
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