839 St Andrews Place, Los Angeles, CA 90005
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- MLS#: 25501039 ( )
- Street Address: 839 St Andrews Place
- Viewed: 1
- Price: $4,895,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1929
- Bldg sqft: 0
- Days On Market: 42
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90005
- Provided by: Marcus & Millichap
- Contact: Jeffrey Jeffrey
- DMCA Notice
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DescriptionLocated 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.
Property Location and Similar Properties
Features
Building Area Total
- 21456.00
Country
- US
Heating
- Wall Furnace
Levels
- Multi/Split
Netoperatingincome
- 261049.00
Parcel Number
- 5092024005
Parking Features
- None
Sourcesystemkey
- 25501039:CLAW
Totalexpenses
- 257738.00
Year Built
- 1929
Zoning
- LAR4