161 S St Andrews PL, Los Angeles, CA 90004
161 S St Andrews PL, Los Angeles, CA 90004
161 S St Andrews PL, Los Angeles, CA 90004
161 S St Andrews PL, Los Angeles, CA 90004
161 S St Andrews PL, Los Angeles, CA 90004
161 S St Andrews PL, Los Angeles, CA 90004
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 4,050,000
Est. payment | /mo

21 Beds

21 Baths

15,606 SqFt

Save
$ 4,050,000
Est. payment | /mo
Save

21 Beds

21 Baths

15,606 SqFt

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 15,606 sqft

Price per Sqft $259

MLS Listing ID 25582121

Bedrooms 21

HOA Y/N No

Year Built 1971

Lot Size 8,489 Sqft

Property Description

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 37% 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. Disclosure of Legal Proceedings Ownership is currently involved in the following legal matters involving the property: Tenant Habitability Lawsuit: Los Angeles Superior Court Case No. 24STCV03171 Durwood v. Waheed, involving Unit #105 who still resides at the building. 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. PLEASE DO NOT DISTURB TENANTS

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Garage

Total Parking Spaces 21

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5516022023

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Sean Rosenzweig Marcus & Millichap #01406343

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.