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$4,895,000
Est. payment /mo
8 Beds
31 Baths
21,456 SqFt
UPDATED:
02/20/2025 08:24 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 21,456 sqft
Price per Sqft $228
MLS Listing ID 25501039
Bedrooms 8
HOA Y/N No
Year Built 1929
Lot Size 7,505 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR4
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features None
Building
Story 4
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5092024005
Special Listing Condition Standard
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Listed by Jeffrey Louks • Marcus & Millichap