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1216 N St Andrews Pl - St Andrews Duplex - PRIME HOLLYWOOD 2 Unit Apartment Building Offered at $720,000 at a 3.64% Cap Rate Los Angeles, CA 90038

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INVESTMENT HIGHLIGHTS

  • Two 1-bedroom / 1-bathroom units
  • Updated electrical panels
  • Secure gated entry
  • One unit fully renovated with designer finishes
  • Hardwood flooring and abundant natural light throughout

EXECUTIVE SUMMARY

Growth Investment Group is proud to present 1216 N St. Andrews Place. This well situated duplex is located in the newly designated St. Andrews Square Historic District in Hollywood, in the Greater Wilshire / Hancock Park corridor of Los Angeles. The property occupies a 2,677SF lot, with a building footprint totaling 1,214SF. An exceptional investment opportunity in the heart of Hollywood, this well-maintained duplex features two 1-bedroom units, one of which has been fully renovated with modern finishes and high-quality upgrades which includes an attached 2 car garage (tandem), which is a valuable amenity in this dense, historic neighborhood. The original structure dates to 1922, and one of the units previously underwent a full renovation, bringing updated finishes and systems while preserving period character. The property’s scale and configuration make it an attractive candidate for long term rental income, value add, or owner/investor occupancy.
Situated in the heart of East Hollywood within the St. Andrews Square Historic District, this charming 1922 duplex offers a rare blend of historic character, modern updates, and unbeatable location. The property features two 1-bedroom, 1-bathroom units totaling 1,214 square feet on a 2,677 square foot lot, with one unit renovated in 2015 and the other maintaining its original charm. A standout feature is the detached garage — a valuable amenity in this dense, highly walkable neighborhood. Just blocks from Paramount Studios, Netflix Studios, and The Preserve LA creative campus, the home is also steps from popular local shops, cafés, and restaurants, and in close proximity to Griffith Park, Echo Park, Barnsdall Art Park, and major retailers like Target, Petco, Vons, and Marshalls. The area is experiencing sustained growth, with new multifamily developments and creative workspaces fueling strong demand. Flanked by the prestigious neighborhoods of Hancock Park, Windsor Square and Koreatown to the west and south, the property sits in a dynamic transitional zone between classic residential charm and vibrant urban density. Ideal for investors, owner-occupiers, or those seeking stable rental income, this property is a smart, stylish foothold in one of Los Angeles' most rapidly evolving cultural and creative corridors.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $41,580 $34.25
Other Income - -
Vacancy Loss $1,247 $1.03
Effective Gross Income $40,333 $33.22
Taxes - -
Operating Expenses - -
Total Expenses $14,107 $11.62
Net Operating Income $26,226 $21.60

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $41,580
Annual Per SF $34.25
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $1,247
Annual Per SF $1.03
Effective Gross Income
Annual $40,333
Annual Per SF $33.22
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $14,107
Annual Per SF $11.62
Net Operating Income
Annual $26,226
Annual Per SF $21.60

PROPERTY FACTS

Price $720,000
Price Per Unit $360,000
Sale Type Investment
Cap Rate 3.64%
Gross Rent Multiplier 15.38
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Garden
Lot Size 0.06 AC
Building Size 1,214 SF
Average Occupancy 50%
No. Stories 1
Year Built 1922
Opportunity Zone Yes
Zoning LAR3 - R3

AMENITIES

UNIT AMENITIES

  • Washer/Dryer
  • Tub/Shower

SITE AMENITIES

  • Gated
  • Vintage Building

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 2 $1,732 607
Walk Score®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38286897

  • Date on Market: 10/31/2025

  • Last Updated:

  • Address: 1216 N St Andrews Pl, Los Angeles, CA 90038

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