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406 S St Andrews Pl
Los Angeles, CA 90020
Multifamily Property For Sale
·
11 Units
Investment Highlights
- SELLER FINANCING AVAILABLE - Ownership is open to providing attractive seller financing.
- RARE KOREATOWN PARKING + ON-SITE LAUNDRY - Built in the 1960s, the 10,868 SF building offers 20 on-site parking spaces
- IMMEDIATE VALUE-ADD THROUGH VACANCIES - Three of the remaining nine units are vacant, allowing near-term lease-up, rent growth, and renovation upside.
- PRIME KOREATOWN LOCATION - Centrally positioned north of Wilshire Blvd and west of Western Ave.
- SIGNIFICANT INCOME POTENTIAL - The two 4BR/4BA units are currently operated as 8 single rooms (7 vacant, 1 rented @ $1,200/mo)
- 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.
Property Facts
| No. Units | 11 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 10,868 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.84/1,000 SF |
| Zoning | LAR4 - Residential | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 10,868 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | LAR4 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Individual Locking Bedrooms
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,700 | 765 - 971 |
| 1+1.5 | 1 | $1,932 | 780 |
| 2+2 | 6 | $1,314 | 971 - 1,175 |
| 4+4 | 2 | $1,200 | 200 |
Property Taxes
| Parcel Number | 5503-016-019 | Improvements Assessment | $882,300 |
| Land Assessment | $2,652,000 | Total Assessment | $3,534,300 |
Property Taxes
Parcel Number
5503-016-019
Land Assessment
$2,652,000
Improvements Assessment
$882,300
Total Assessment
$3,534,300
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