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961 N St Andrews Pl 3 Unit Apartment Building $2,850,000 ($950,000/Unit) Los Angeles, CA 90038
Investment Highlights
- Newer Construction (2018 Build) Modern low-rise multifamily asset with updated systems and strong long-term durability.
- Large Unit Mix with Strong Rent Potential (3) Units: 4 Bed / 4–4.5 Bath (~1,673–1,682 SF) (1) Unit: 3 Bed / 3 Bath Spacious layouts
- Each unit features: In-unit laundry rooms Balconies Air conditioning Minimal shared walls for privacy
- Two Standalone Duplex Buildings (Total 4 Units) Rare configuration offering townhome-style living with minimal shared walls (only one per unit).
- Private, Condo-Style Living Experience
- Individually Metered Utilities Tenants pay for electricity, water, and gas, helping reduce landlord expenses and improve NOI.
Executive Summary
This offering consists of two large standalone duplexes featuring spacious townhome-style units. Three of the four units include four bedrooms, four bathrooms, approximately 1,673 square feet of living space, and two parking spaces. The fourth unit includes three bedrooms and three bathrooms. Tenants enjoy private, spacious living with only one common wall, in-unit private laundry rooms, and motorized security-gated parking. All units are separately metered for electricity, water, and gas. Common areas are served by a landlord-owned fifth water and power meter, supporting water-efficient landscaping and LED exterior lighting. The property sits in a highly desirable pocket of Hollywood just east of Larchmont Village. Within a five-minute walk, tenants have access to Paramount Pictures, Hollywood Forever, Hollywood Improv, dining, and public transportation.
Property Facts
| Price | $2,850,000 | Building Class | B |
| Price Per Unit | $950,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 7,642 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RD1.5-XL | ||
| Price | $2,850,000 |
| Price Per Unit | $950,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 7,642 SF |
| No. Stories | 3 |
| Year Built | 2018 |
| Parking Ratio | 1.05/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD1.5-XL |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
Site Amenities
- Courtyard
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 1 | - | 1,691 |
| 4+4.5 | 2 | - | 1,682 |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5535-005-023 | Improvements Assessment | $1,450,172 |
| Land Assessment | $1,450,172 | Total Assessment | $2,900,344 |
Property Taxes
Parcel Number
5535-005-023
Land Assessment
$1,450,172
Improvements Assessment
$1,450,172
Total Assessment
$2,900,344
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961 N St Andrews Pl