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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



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.
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
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 |
1 1
Walk Score®
Walker's Paradise (91)
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1216 N St Andrews Pl - St Andrews Duplex - PRIME HOLLYWOOD
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