33
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$2,790,000
Est. payment /mo
27 Beds
28 Baths
10,868 SqFt
New
406 S St Andrews PL Los Angeles, CA 90020
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,868 sqft
Price per Sqft $256
MLS Listing ID 25626247
Bedrooms 27
HOA Y/N No
Year Built 1960
Property Description
406 S St Andrews Pl presents a lender-owned multifamily opportunity with seller financing available, offering investors enhanced leverage and flexible acquisition terms. Built in 1960, this 10,868 SF, 11-unit property sits on a 9,015 SF lot and features a well-balanced unit mix in the heart of Koreatown, one of Los Angeles' most supply-constrained rental submarkets. The asset offers stable in-place income with immediate upside through interior renovations and lease-up of current vacancies. The property benefits from rare on-site parking for Koreatown, on-site laundry, and separately metered gas and electric, driving operational efficiency. Located north of Wilshire Boulevard and west of Western Avenue, and within mile of the Wilshire/Western D Line Station, the asset is positioned for both strong long-term tenant demand and future redevelopment potential through ADUs or density bonus programs (buyer to verify). This is a highly executable value-add opportunity with multiple paths to grow NOI and long-term equity.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR4
Interior
Fireplace No
Exterior
Parking Features Covered, Uncovered
Total Parking Spaces 20
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5503016019
Special Listing Condition Standard
Listed by Tony Azzi Tony Azzi
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