127 S St Andrews Place

Los Angeles , CA 90004

MLS#: 25613491

$4,750,000

Status: Active
Listing number: 25613491
Listing provided by: Urban Real Estate, Inc.
Listing agent phone: None
Last update: 4 days ago
On site: 4 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1961

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.3261

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $4,750,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Water Source

    Public

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Listing Courtesy of David Hong , Urban Real Estate, Inc.

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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.

127 S St Andrews Place

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