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.… Read More 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. Read Less
Courtesy of Myunits.com Inc. 844-698-6487
Listing Snapshot
Days Online
28
Last Updated
Property Type
Other
Beds
11
Square Ft.
4,843
Lot Size
0.12 Acres
Year Built
2015
MLS Number
BB26192339MR
Additional Details
Pool
None
Appliances & Equipment
Oven-Electric, Range, Dryer, Dryer Included, Electric Dryer Hookup, Hookup - Electric, Refrigerator, Washer, Washer Hookup, Washer Included
Building
4,843 sq ft, Built in 2015, Detached/No Common Walls
Community
Sidewalks
Cooling
Central
Fireplaces
None
Garage
4 total garage spaces, Assigned
Water Features
Water: Public
Heating
Central
Home Owner's Association
Homeowner Dues: $0
Laundry
Dryer, Dryer Included, Electric Dryer Hookup, Hookup - Electric, Washer, Washer Hookup, Washer Included
Lot
LotAcreage: 0, LotSizeArea: 5,067
Parking
CarportSpacesTotal: 0, TotalParking: 4
Property
EntryFloorNumber: 1, LandLeaseType: Fee, NumberOfUnits: 4, ViewYN: t
Sewer
Public Sewer
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