127 S St Andrews Pl - Apartments FOR SALE


Los Angeles, CA 90004- Koreatown
$4,490,000 USD
562-881-6695
127 S St Andrews Pl, Los Angeles, CA for Sale
$4,490,000 USD
Apartments - FOR SALE
1/15
null | 5.42% Cap Rate

127 S St Andrews Pl
Los Angeles, CA 90004
Koreatown


HIGHLIGHTS

  • Prime Koreatown Location — One of LA's most active rental submarkets with strong long-term fundamentals
  • Stabilized Asset | 5.42% Cap Rate — Fully occupied with long-term tenants and consistent in-place cash flow
  • Turn-Key & Easy to Manage — Professionally managed with utility sub-metering and water meters being added unit-by-unit
  • Strong Upside — Below-market rents with room to grow, plus community laundry income
  • First Time on Market in Decades | Trust Sale — No court confirmation required, priced to sell

OVERVIEW

First time on the market in decades — a rare opportunity to acquire a stabilized, well-managed Koreatown multifamily with strong in-place cash flow and meaningful upside. Located in the heart of Koreatown, the property is surrounded by continued neighborhood investment with multiple new apartment developments underway nearby, supporting long-term value appreciation. The building features long-term tenants, unit-by-unit renovations in progress, and utility sub-metering throughout — with water meters being added incrementally — directly improving NOI over time. A community laundry room and abundant gated parking add to tenant retention and operational appeal. This is a Trust Sale — no court confirmation required. Priced to sell and ideal for a long-term hold with gradual, compounding value growth in one of LA's most supply-constrained submarkets.

FOR SALE DETAILS

PRICE

$4,490,000 USD

PRICE/SF

$142 USD /SF

# OF UNITS

20

PRICE/UNIT

$224,500

CAP RATE

5.42%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

LAR3

APN/PARCEL ID

5516-022-017

ASK ABOUT THIS PROPERTY

David HongUrban Real EstateMore Info
562-881-6695

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David HongUrban Real EstateMore Info
562-881-6695

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.