16
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$4,750,000
Est. payment /mo
0.33 Acres Lot
New
127 S St Andrews PL Los Angeles, CA 90004
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25613491
HOA Y/N No
Year Built 1961
Lot Size 0.326 Acres
Property Description
First time on the market in over 30 years! This well-maintained Koreatown multifamily asset has been owned and operated by the same family trust, presenting an exceptionally rare opportunity for investors. Ideally located just south of Beverly Blvd and east of Western Ave, the property is situated in one of Koreatown's most desirable multifamily corridors, with a nearby Metro station and top amenities just moments away. Set on an expansive 14,201 SF lot, the property features rare on-site surface parking, a highly sought-after feature in Koreatown. Zoned LAR3, the site offers future redevelopment potential, making it an attractive long-term hold with multiple exit strategies. With a submarket vacancy rate of just 3% and strong historical rent growth, this property is located in a high-demand rental area. Current rents are significantly below market, offering 20-30% upside through renovation and unit repositioning. An ideal value-add opportunity for investors seeking stable cash flow and long-term appreciation. Perfect for 1031 exchange buyers, private investors, or owner-users looking for secure, inflation-hedged returns in a central LA location.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR3
Interior
Fireplace No
Exterior
Community Features Gated
Total Parking Spaces 20
Building
Story 2
Water Public
Others
Tax ID 5516022017
Security Features Carbon Monoxide Detector(s),Fire Detection System,Security Gate,Gated Community,Resident Manager,Smoke Detector(s)
Special Listing Condition Standard
Listed by David Hong Urban Real Estate, Inc.
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