CA > Los Angeles
Los Angeles, CA 90004,127 S St Andrews PL
Los Angeles, CA 90004,127 S St Andrews PL
Los Angeles, CA 90004,127 S St Andrews PL
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,750,000
Est. payment /mo
0.33 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25613491

HOA Y/N No

Year Built 1961

Lot Size 0.326 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Fireplace No

Exterior

Community Features Gated

Total Parking Spaces 20

Building

Story 2

Water Public

Others

Tax ID 5516022017

Security Features Carbon Monoxide Detector(s),Fire Detection System,Security Gate,Gated Community,Resident Manager,Smoke Detector(s)

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by David Hong Urban Real Estate, Inc.

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