406 S St Andrews Place, Los Angeles, CA 90020

About this property

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.

Listing description from the February 2026 sale, as reported to CRMLS.

Sale history

$2,300,000

Sold February 2026 · listed $2,475,000, orig. $2,790,000, on market November 2025 · MLS #25626247 · Source: CRMLS

Listing Agent: Tony Azzi · Listing Office: Tony Azzi · Contact: 310-909-5454 · Bought with: Tony Azzi · Tony Azzi

$3,675,000

Sold May 2022 · listed $3,300,000, on market February 2022 · MLS #22126659 · Source: CRMLS

Listing Agent: David Weinberger · Listing Office: Keller Williams Studio City · Contact: 818-432-1500 · Bought with: David Whitson · HK Lane Real Estate

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