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740 N St Andrews Pl

Los Angeles, CA 90038
  • $1,800,000
  • STATUS: Closed
  • ON SITE: 67 Days
  • ID#: 22-150065
Sold - 06/29/2022
$1,800,000
SOLD - 06/29/2022
  • 8
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,776
    SQFT
  • $312
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:
Area:

School Ratings & Info

Description

We are pleased to present 740 N St Andrews Pl, an 8-unit apartment building located in Hollywood, CA. Situated on an 8,509 SF lot, the subject property was built in 1954 and consists of eight (8) one-bedroom/one-bath units. The property boasts ample parking for a property of this size, offering twelve (12) uncovered on-site parking spaces as well as a laundry facility for tenants. Hitting the market for the first time in over 25 years, 740 N. St Andrews represents a tremendous opportunity for a value-add investor or operator to purchase a well-located asset with over 50%+/- upside in rents. There is currently one unit, in original condition, that will be delivered vacant at the close of escrow, allowing a buyer to come in and immediately renovate and achieve market rent for the unit. With a Walk Score of 88, residents have easy access to all the dining, shopping, and entertainment options that Hollywood has to offer. The property is centrally located between Hollywood, Larchmont Village, Los Feliz, and Silver Lake. Lively theaters, art galleries, trendy restaurants, and shops are conveniently located nearby such as Coffee Coffee, Osteria La Buca, Hollywood Bowl, and Larchmont Village.

Sold by Saadia 'Sam' Liberow BRE#01933858 of Marcus & Millichap.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T23:42:50.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.corrieluxuryhomes.com/homes/128075590
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740 N St Andrews Pl Los Angeles, CA 90038

  • Price: $1,750,000
  • Status: Closed
  • On Site: 67 Days
  • ID#: 22-150065
8
Beds
0
Baths
0
½ Baths
0.2
Acres
5,776
SQFT
$312
$/SQFT
1954
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
We are pleased to present 740 N St Andrews Pl, an 8-unit apartment building located in Hollywood, CA. Situated on an 8,509 SF lot, the subject property was built in 1954 and consists of eight (8) one-bedroom/one-bath units. The property boasts ample parking for a property of this size, offering twelve (12) uncovered on-site parking spaces as well as a laundry facility for tenants. Hitting the market for the first time in over 25 years, 740 N. St Andrews represents a tremendous opportunity for a value-add investor or operator to purchase a well-located asset with over 50%+/- upside in rents. There is currently one unit, in original condition, that will be delivered vacant at the close of escrow, allowing a buyer to come in and immediately renovate and achieve market rent for the unit. With a Walk Score of 88, residents have easy access to all the dining, shopping, and entertainment options that Hollywood has to offer. The property is centrally located between Hollywood, Larchmont Village, Los Feliz, and Silver Lake. Lively theaters, art galleries, trendy restaurants, and shops are conveniently located nearby such as Coffee Coffee, Osteria La Buca, Hollywood Bowl, and Larchmont Village.
Exterior Features

Lot Size Area 8509 Other Structures None Parking Garage Carport Total Parking 12

Interior Features

Baths Total 8.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 502798 Gross Income 108476 Gross Operating Income 108476 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 57583.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 50893 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Saadia 'Sam' Liberow DRE#01933858 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T23:42:50.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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