406 S St Andrews Place, Los Angeles, CA 90020

• 10,868 sqft

Property Description

406 S St Andrews Pl presents a lender-owned multifamily opportunity with seller financing available, offering investors enhanced leverage and flexible acquisition terms. Built in 1960, this 10,868 SF, 11-unit property sits on a 9,015 SF lot and features a well-balanced unit mix in the heart of Koreatown, one of Los Angeles' most supply-constrained rental submarkets. The asset offers stable in-place income with immediate upside through interior renovations and lease-up of current vacancies. The property benefits from rare on-site parking for Koreatown, on-site laundry, and separately metered gas and electric, driving operational efficiency. Located north of Wilshire Boulevard and west of Western Avenue, and within mile of the Wilshire/Western D Line Station, the asset is positioned for both strong long-term tenant demand and future redevelopment potential through ADUs or density bonus programs (buyer to verify). This is a highly executable value-add opportunity with multiple paths to grow NOI and long-term equity.

Listing Status:

Active

Date Added:

November 24, 2025 at 06:00AM

Listing Office:

Tony Azzi : 310-909-5454

Listing Agent:

Tony Azzi : 310-909-5454

MLS ID:

CL25626247

Exterior

• Parking: CoveredOtherUncovered Parking Space

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR45503016019

Financial

• Source: CRMLS

This listing courtesy of Tony Azzi, Tony Azzi