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961 N St Andrews Place, Hollywood, CA 90038

Property Details

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961 N St Andrews Place
Hollywood, CA 90038

In Escrow / Under Contract: $2,699,000

Property Type: Fourplex
MLS#: PW18220696

  • Building Size: 7642 SF
  • Lot Size: 6076 SF
  • Number of Units: 4
  • Number of Stories: 3
  • Year Built: 2018
  • Days on market: 94
  • Cap Rate: 5.00
  • Net Operating Income: $135,379
  • Gross Scheduled Income: $179,256
  • Rent Control: No
  • GRM: 15.69
  • Contact Listing Agent Direct:
  • Seth Hamilton, Citivest Realty Services, Inc


Property Description

NEW CONSTRUCTION FOUR UNIT IN HOLLYWOOD | 5.0 CAP | 15.69 GRM | GREEN CERTIFIED | WARRANTIED | We are pleased to present another new construction four-unit property. This offering consists of two huge standalone duplexes, with each of the four units averaging four beds, four baths, 1,673 sf. of living space, and two parking spaces. As is with all of our properties, Saint Andrews is a warrantied and Green Certified building offering the investor a trouble free and low maintenance investment. The tenants will enjoy private and spacious living in townhome style units with only one common wall, private laundry rooms in each unit, and motorized security gated parking. All units are separately metered for electricity, water, and gas. The common areas utilize a landlord’s fifth water and power meter servicing water-efficient landscape and LED exterior lighting. 961 N Saint Andrews Place is in a hot pocket of Hollywood located just East of Larchmont Village that is rapidly redeveloping, and in the midst of a substantial increase in value and rents. Much of the buzz over this neighborhood is due the central location and walkability. Within a five minute walk tenants will have access to Paramount Pictures, entertainment at Hollywood Forever and Hollywood Improv, Dining at Baroo, and public transportation. Final inspections are underway and completion is expected October 2018.


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961 N St Andrews Place, Hollywood, CA 90038

Based on information from California Regional Multiple Listing Service, Inc. as of December 3, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Seth Hamilton, Citivest Realty Services, Inc

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