839 S St. Andrews Pl - Apartments FOR SALE


Los Angeles, CA 90005- Koreatown
$4,895,000 USD
818-212-2784
839 S St. Andrews Pl, Los Angeles, CA for Sale
$4,895,000 USD
Apartments - FOR SALE
1/6
null | 5.33% Cap Rate

839 S St. Andrews Pl
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • 31 Units- Strong Korea Town Loca?tion West of Western Avenue
  • Charming Hollywood Style Building
  • Grand Lobby With Secured Entrance
  • Elevator & Onsite Laundry
  • In Proximity to a Myriad of Local K-Town Dining, Shopping and Entertainment Destinations including Chapman Plaza, The Line, Quarters KBBQ, and Many Mo
  • Property is Master Metered for Electric & Gas

OVERVIEW

Located in the heart of a vibrant Koreatown pocket, 839 S. St Andrews Place offers a rare opportunity to acquire a charming, 31-unit multifamily property west of Western Avenue, just steps from the prestigious Hancock Park neighborhood. Built in 1929, this Hollywood-style architectural gem exudes timeless character, featuring a grand lobby with a secured entrance, an elevator, and on-site laundry facilities for tenant convenience. The property comprises a desirable unit mix of 23 studio apartments and 8 one-bedroom, one-bathroom (1+1) units, catering to a diverse tenant base in one of Los Angeles’ most dynamic and sought-after submarkets. With a Walk Score of 95, residents enjoy unparalleled access to Koreatown’s renowned dining, shopping, and entertainment options, including Chapman Plaza, The Line Hotel, and Quarters KBBQ, as well as proximity to local cultural and lifestyle destinations. Strategically positioned in a high-demand rental market, 839 S. St Andrews Place combines historic appeal with modern livability, making it an attractive asset for investors seeking stable cash flow and long-term value appreciation. Its prime location, strong walkability, and proximity to both Koreatown’s bustling core and the upscale Hancock Park area further enhance its investment potential. This offering represents a unique chance to own a well-maintained, character-driven property in a thriving urban neighborhood poised for continued growth.

FOR SALE DETAILS

PRICE

$4,895,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

31

PRICE/UNIT

$157,903

CAP RATE

5.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5092-024-005

ASK ABOUT THIS PROPERTY

Michael StermanMarcus & MillichapMore Info
818-212-2784

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Michael StermanMarcus & MillichapMore Info
818-212-2784

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.