523 N St Andrews Los Angeles, CA 90004
5,066 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26192339
HOA Y/N No
Year Built 2015
Annual Tax Amount $27,903
Lot Size 5,066 Sqft
Property Sub-Type Quadruplex
Property Description
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. 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 layouts and proximity to some of central Los Angeles's most desirable dining, shopping and entertainment.
With its proven operating history, desirable unit mix, spacious floorplans and central East Larchmont location, 523 N St Andrews Pl presents an opportunity to acquire a dependable income-producing asset in one of Los Angeles's most established rental markets.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Gas Range, Refrigerator, Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5522013005
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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