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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,350,000

Est. payment - /mo

5,066 Sqft Lot

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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

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. 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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Listed by Lauren Cearley Myunits.com Inc. 213-302-8662, DRE #02146823

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523 N St Andrews Los Angeles, CA 90004