406 St Andrews Pl, Los Angeles, CA 90020

11 Unit Apartment Building | $4,200,000 ($381,818/Unit) | 6.10% Cap Rate | Los Angeles, CA 90020

Asking Price $4,200,000

Property Type: Multifamily
Square Feet: 10,868 SF

Listing Contacts

Cesar Gonzalez

Property Overview

Excellent Location! Situated in the vibrant heart of Koreatown, this property boasts an 11-unit Apartment Building that faces the West and North directions. Positioned within Koreatown's premier rental market, there is significant potential for increased rental yields. The upgraded units showcase an inviting Open Floor Plan, flooded with natural light, and boasting contemporary kitchen designs. Each unit includes a covered parking space and hassle-free access to a Gated Parking area. The property offers exceptional convenience, as its within easy walking distance of renowned restaurants, supermarkets, pharmacies, shops, schools, entertainment venues, and Metro Stations. Additionally, the building holds promising prospects and growth potential, with numerous trendy developments and constructions in progress nearby. This presents a remarkable opportunity for property value appreciation in the near future.

Property Details

Class: C
Year Built/Renovated: 1960/2022
Stories: 3
Lot Size (sq. ft): 9,148 SF
Units: 11

Highlights

Central Wilshire District/Koreatown
TOC: TIER 3
State Enterprise Zone

Nearby Properties

$8,150,000

Brand New 15 Unit Lux Bldg in KTown

15 Unit Apartment Building | $8,150,000 ($543,333/Unit) | 5.58% Cap Rate | Los Angeles, CA 90020

339 Oxford Ave
Los Angeles, CA 90020

View Details
$8,900,000

28,852 SF Specialty Building Offered at $8,900,000 in Los Angeles, CA 90005

609 Western Ave
Los Angeles, CA 90005

View Details
$26,000,000

Solair

41,000 SF Retail Condo Unit Offered at $26,000,000 in Los Angeles, CA 90005

3785 Wilshire Blvd
Los Angeles, CA 90005

View Details
$15,000,000

0.65 Acres of Commercial Land Offered at $15,000,000 USD in Los Angeles, CA 90020

304 Kingsley Dr
Los Angeles, CA 90020

View Details
$12,000,000

4,770 SF | Retail Building | Los Angeles, CA 90020 | $12,000,000 ($2,516/SF)

3680 6Th St
Los Angeles, CA 90020

View Details
$4,600,000

Existing 5.5% Cap w upside to 9.6% Cap

17 Unit Apartment Building | $4,600,000 ($270,588/Unit) | 5.55% Cap Rate | Los Angeles, CA 90004

204 Manhattan Pl
Los Angeles, CA 90004

View Details
$5,998,000

Beverly Medical Plaza

7,228 SF | 72% Leased | Office Building | Los Angeles, CA 90004 | $5,998,000 ($830/SF)

4620 Beverly Blvd
Los Angeles, CA 90004

View Details

Similar Properties

$4,200,000

344 King Street

4,890 SF | 100% Leased | Retail Building | Charleston, SC 29401 | $4,200,000 ($859/SF)

344 King St
Charleston, SC 29401

View Details
$4,200,000

Stoney Pond Plaza

15,250 SF | 100% Leased | Retail Building | Aston, PA 19014 | $4,200,000 ($275/SF) | 5.50% Cap Rate

474-496 Conchester Hwy
Aston, PA 19014

View Details
$4,200,000

32,702 SF | 78% Leased | Retail Building | Mesa, AZ 85203 | $4,200,000 ($128/SF) | 3.99% Cap Rate

903-933 Main St
Mesa, AZ 85203

View Details
$4,200,000

Former Jumbo Foods

25,560 SF | Vacant | Industrial Building | Mukilteo, WA 98275 | $4,200,000 ($164/SF)

11502 Cyrus Way
Mukilteo, WA 98275

View Details
$4,200,000

4,930 SF | Retail Building | San Jose, CA 95113 | $4,200,000 ($852/SF)

451 1St St
San Jose, CA 95113

View Details
$4,200,000

6.74 Acres of Commercial Land Offered at $4,200,000 USD in Queen Creek, AZ 85140

3001 Ocotillo Rd
Queen Creek, AZ 85140

View Details
$4,200,000

Magnolia

1.58 Acres of Residential Land Offered at $4,200,000 USD in Ontario, CA 91762

890 Magnolia Ave
Ontario, CA 91762

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].