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406 S St Andrews Pl
Los Angeles, CA 90020 Koreatown

$2,790,000 USD

Apartments For Sale • 10,868 SF

Property Details

Property Type Apartments
Total Building Size 10,868 SF
Lot Size 0.21 AC
Building Class C
Year Built 1960
Zoning LAR4

78 Transit Score

97 Walk Score

                
                    Highlights
                
                                SELLER FINANCING AVAILABLE - Ownership is open to providing attractive seller financing.
                            
                                PRIME KOREATOWN LOCATION - Centrally positioned north of Wilshire Blvd and west of Western Ave.
                            
                                RARE KOREATOWN PARKING + ON-SITE LAUNDRY - Built in the 1960s, the 10,868 SF building offers 20 on-site parking spaces
                            
                                SIGNIFICANT INCOME POTENTIAL - The two 4BR/4BA units are currently operated as 8 single rooms (7 vacant, 1 rented @ $1,200/mo)
                            
                                IMMEDIATE VALUE-ADD THROUGH VACANCIES - Three of the remaining nine units are vacant, allowing near-term lease-up, rent growth, and renovation upside.
                            
                                VALUE-ADD & REDEVELOPMENT POTENTIAL - LAR4 zoning and a 9,015 SF lot support adding up to 4 ADUs (buyer to verify) or pursuing a higher-density redev.

Amenities

Balcony
Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
	11 min	-	5.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	14 min	-	5.7 mi
Transit/Subway	Drive	Walk	Distance
Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	10 min	0.5 mi
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Bob Hope	21 min	-	11.7 mi
Los Angeles International	23 min	-	12.1 mi
Long Beach (Daugherty Field)	36 min	-	25.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	20
Type:	Covered
Included in Rent:	Yes

Tony Azzi Marcus & Millichap

406 S St Andrews Pl Los Angeles, CA 90020 Koreatown