714 N St Andrews Pl, Los Angeles, CA 90038

Description

A charming courtyard-style multifamily property located in a highly desirable area of Los Angeles, just north of Melrose Avenue between Wilton Place and Western Avenue. Built in 1923, 714 N. St. Andrews Place offers 6,256 square feet of building area situated on a substantial 8,234 square foot lot, providing investors with an attractive opportunity to acquire a well-located multifamily asset in one of Los Angeles' established residential neighborhoods. The property features a mix of spacious one-bedroom and two-bedroom residences, including two 2-bedroom, 1-bathroom units. Several units have been remodeled with updated bathrooms and flooring, while other residences retain original character including arched walls and built-in features. The property also benefits from a newer roof, individually metered gas and electricity, and separate hot water heaters for each unit, providing operational efficiencies and helping limit landlord-paid utility expenses. Situated in a highly desirable rental market, 714 N. St. Andrews Place benefits from convenient access to Melrose Avenue, Western Avenue, the 101 Freeway, Paramount Studios, and numerous restaurants, shops, and entertainment destinations throughout Hollywood and surrounding neighborhoods. Its central location provides residents with convenient access to major employment centers and the broader Los Angeles metropolitan area. With its classic courtyard-style design, diverse unit mix, large lot, and established location north of Melrose Avenue, 714 N. St. Andrews Place presents an attractive opportunity for investors seeking a well-positioned multifamily asset with long-term rental potential in Los Angeles. NOTE: 714 N. St. Andrews Place is also available with 730 N. St Andrews Pl consisting of a total of 14 residential units across two separate properties, totaling approximately 11,862 gross square feet on a combined 16,466 square feet of land. Both properties feature classic courtyard-style architecture and were constructed in the 1920s, with several units having been remodeled and maintaining a mix of original character and updated features. 730 N. St. Andrews Place consists of four spacious 3-bedroom/1-bathroom units. Together, the properties offer a diverse unit mix and substantial land area within an established rental market. Offered at a combined price of $3,990,000, the two-property offering provides investors with the opportunity to acquire 14 multifamily units across two well-located assets in a desirable and highly accessible Los Angeles submarket.