406 S St Andrews Pl - Apartments FOR SALE
Los Angeles, CA 90020 |
406 S St Andrews Pl
Los Angeles, CA 90020
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.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
10868
STORIES
3
YEAR BUILT
1960
PARKING SPACES
20
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
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APN/PARCEL ID
5503-016-019
