406 S St Andrews Place, Los Angeles, CA 90020
- $2,300,000
- 27
- BD
- 28
- BA
- 10,868
- SqFt
- Sold Price
- $2,300,000
- List Price
- $2,475,000
- Closing Date
- Feb 21, 2026
- Status
- CLOSED
- MLS#
- 25626247
- Year Built
- 1960
- Bedrooms
- 27
- Bathrooms
- 28
- Living Sq. Ft
- 10,868
- Lot Size
- 9,015
- Acres
- 0.21
- Days on Market
- 49
- Property Type
- Multifamily
- Stories
- Two Levels
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.
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Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 11
- Levels
- Two
- Parking Spaces
- 20
Listing courtesy of Listing Agent: Tony Azzi (tazzi@theazzigroup.com) from Listing Office: Tony Azzi.
Listing sold by Tony Azzi from Tony Azzi
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.