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406 S St Andrews Place

Los Angeles (City), CA 90020
  • $4,200,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: 23303561
$4,200,000
  • 17
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,868
    SQFT
  • $386
    $/SQFT
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Listing Agent(s): Dominic Kennedy of Christie's Akg (424-249-7162) and Kirby Gillon of Christie's Akg(424-249-7162)


Description

Excellent Location! Situated in the vibrant heart of Korea Town, this property boasts an 11-unit Apartment Buildingthat faces the West and North directions. Positioned within Korea Town's premier rental market, there is significant potential for increased rental yields. The upgraded units showcase an inviting Open Floor Plan, flooded with naturallight, 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142693131
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406 S St Andrews Place Los Angeles (City), CA 90020

  • Price: $4,200,000
  • Status: Active
  • On Site: 32 Days
  • ID#: 23303561
17
Beds
0
Baths
0
½ Baths
0.21
Acres
10,868
SQFT
$386
$/SQFT
1960
Built
Neighborhood:
C18 - Hancock Park-Wilshire
County:
Los Angeles
Area:
C18 - Hancock Park-Wilshire
Property Description
Excellent Location! Situated in the vibrant heart of Korea Town, this property boasts an 11-unit Apartment Buildingthat faces the West and North directions. Positioned within Korea Town's premier rental market, there is significant potential for increased rental yields. The upgraded units showcase an inviting Open Floor Plan, flooded with naturallight, 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.
Exterior Features

Parking Features AssignedGated Parking Total 20

Interior Features

Appliances Dishwasher Cooling Wall/Window Unit(S) Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association YN No Cap Rate 6.1 Gross Income 296053 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 256178 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 2 Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Dominic Kennedy of Christie's Akg (424-249-7162) and Kirby Gillon of Christie's Akg(424-249-7162)