The Liberow Group of Marcus & Millichap is pleased to present 740 N St Andrews Pl, an 8-unit apartment building located in Hollywood, CA. Situated on an 8,509 SF lot, the subject property was built in 1954 and consists of eight (8) one-bedroom/one-bath units. The property boasts ample parking for a property of this size, offering twelve (12) uncovered on-site parking spaces as well as a laundry facility for tenants.
Hitting the market for the first time in over 25 years, 740 N. St Andrews represents a tremendous opportunity for a value-add investor or operator to purchase a well-located asset with over 50% +/- upside in rents. There is currently one vacant unit, in original condition, that will be delivered vacant at the close of escrow, allowing a buyer to come in and immediately renovate and achieve market rent for the unit.
With a Walk Score of 88, residents have easy access to all the dining, shopping, and entertainment options that Hollywood has to offer. The property is centrally located between Hollywood, Larchmont Village, Los Feliz, and Silver Lake. Lively theaters, art galleries, trendy restaurants and shops are conveniently located nearby such as Coffee Coffee, Osteria La Buca, Hollywood Bowl, and Larchmont Village.
• Over 50% +/- Upside in Rents
• No Soft Story Retrofit Work Required
• First time in the market in over 25 years
• Separately Metered for Gas and Electric
• 12 On-Site, Uncovered Parking Spaces
• Community Laundry Room
• 88 Walk Score
• Newer Roof
• Centrally located between Hollywood, Larchmont Village, Los Feliz, and Silver Lake