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
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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Aperture Caribbean

Aperture Caribbean

+1(888) 903-9611
$ 4,490,000
Est. payment | /mo

24 Beds

24 Baths

14,520 SqFt

Save
$ 4,490,000
Est. payment | /mo
Save

24 Beds

24 Baths

14,520 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,520 sqft

Price per Sqft $309

MLS Listing ID 25613491

Bedrooms 24

Year Built 1961

Lot Size 0.326 Acres

Acres 0.3261

Property Sub-Type Multi-Family

Property Description

Price Recently Reduced! First time on the market in over 30 years, this well-maintained Koreatown multifamily asset long owned and operated by the same family trust now offers even greater value following a recent price reduction. The property currently has one vacant unit (previously two as of early 2024), and ownership is actively negotiating a new lease at approximately $1,980, providing immediate upside and additional income potential for the next investor. Ideally located just south of Beverly Blvd and east of Western Ave, the property is positioned in one of Koreatown's most desirable multifamily corridors, with a nearby Metro station and premier amenities only minutes away. Situated on an expansive 14,201 SF lot, the building includes rare on-site surface parking highly sought-after in Koreatown. Zoned LAR3, the site also offers future redevelopment potential, creating multiple exit strategies and enhancing long-term value. With a submarket vacancy rate of just 3% and strong historical rent growth, this asset is located in a high-demand rental area. Current rents remain significantly below market, presenting 2030% upside through interior renovations and unit repositioning. This is an ideal value-add opportunity for investors seeking stable cash flow, near-term income growth, and long-term appreciation. Perfect for 1031 exchange buyers, private investors, or owner-users seeking secure, inflation-hedged returns in a central Los Angeles location.

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LAR3

Interior

Laundry Laundry Area

Exterior

Garage Spaces 20.0

Building

Story 2

Water District

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Urban Real Estate, Inc.

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Aperture Caribbean
Aperture Caribbean

+1(888) 903-9611 | aperturecaribbean@apertureglobal.com

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127 S St Andrews Pl