406 S St Andrews Place, Los Angeles, CA 90020
Local realty services provided by:ERA North Orange County Real Estate
406 S St Andrews Place,Los Angeles, CA 90020
$2,790,000
- 27 Beds
- 28 Baths
- 10,868 sq. ft.
- Multi-family
- Active
Listed by: tony azzi
Office: tony azzi
MLS#:25626247
Source:CRMLS
Price summary
- Price:$2,790,000
- Price per sq. ft.:$256.72
About this home
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.
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Home facts
- Year built:1960
- Listing ID #:25626247
- Added:12 day(s) ago
- Updated:December 18, 2025 at 02:28 PM
Rooms and interior
- Bedrooms:27
- Total bathrooms:28
- Living area:10,868 sq. ft.
Structure and exterior
- Year built:1960
- Building area:10,868 sq. ft.
- Lot area:0.21 Acres
Finances and disclosures
- Price:$2,790,000
- Price per sq. ft.:$256.72
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