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Listed by Lauren Cearley, DRE #02146823 • Myunits.com Inc.
$2,350,000
Est. payment /mo
5,067 Sqft Lot
Active
523 N St Andrews Los Angeles, CA 90004
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26192339
Year Built 2015
Lot Size 5,067 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 property's 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 & Helen's, Budonoki and Courage Bagels. Erewh
Location
State CA
County Los Angeles
Area C20 - Hollywood
Rooms
Kitchen Oven Range - Gas, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 30, Washer, Dryer, 9
Exterior
Parking Features Assigned Spaces
Garage Spaces 4.0
Pool None
View Local/Neighborhood
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 5522013005
Special Listing Condition Not Applicable
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