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… Read More 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. Read Less
Property listed by Marcus & Millichap, Jeffrey Louks 818-212-2700
Listing Snapshot
Days Online
80
Last Updated
Property Type
Other
Beds
8
Square Ft.
21,456
Lot Size
0.17 Acres
Year Built
1929
MLS Number
25501039
30 Days Snapshot Of 90005
$989k
+14%
(avg) sold price
4
+33%
homes sold
81
+55%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1929, Building area total: 21,456, Levels: MultiSplit, Living area: 21456, 1 building
Heating
WallFurnace
Income
Gross income: $534,832, Net operating income: $261,049
Lot
0.1723 acres, 7,506 square feet, Size: 7,506
Parking
None
Property
Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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