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$2,475,000 -$315,000 (-11.29%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 27 Total Beds
  • Updated 1 day ago
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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.

Full Property Details for 406 S St Andrews Pl

General

  • Price: $2,475,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25626247
  • Updated: 1/16/2026
  • Added to Site: 54 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 28

Bedrooms

  • Total Bedrooms: 27

Additional Information

  • Other Features: Other

Parking

  • Covered Spaces: 20
  • Garage Description: Attached, Covered Parking, Uncovered

Location

  • Area: Hancock Park-Wilshire
  • County: Los Angeles
  • Driving Directions: Conveniently located near the Wilshire/Western corridor in the heart of Koreatown. The property sits just south of Wilshire Blvd with easy access from surrounding major streets.

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other

Structural Information

  • # Buildings: 1
  • Stories/Levels: 2
  • Square Feet: 10,868
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1960
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 11
  • Unit Type: 2106, 2107, 2108, 2109

Unit 1

  • Total Bathrooms: 4
  • Bedrooms: 4

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1.5
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 2
  • Bedrooms: 2

Additional Structures

  • Other Structures: Other

Lot Features

  • Lot Size (Acres): 0.207
  • Lot Size: 9015
  • Lot Size Source: Other
  • Zoning: LAR4

Financial Considerations

  • Price Per Sq. Ft.: $227.73
  • Assessment Year: 1960

Disclosures and Reports

  • Disclosures/Reports: Other
  • APN: 5503-016-019

Listed by Tony Azzi, Tony Azzi

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Listing agent

— 406 S St Andrews Pl —

  • Tony Azzi

    Tony Azzi

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 406 S St Andrews Pl

School District:Los Angeles Unified School District
NameGradesDistance
Wilshire Park Elementary School
4063 Ingraham St., Los Angeles, CA 90005
K-50.5 mi
John Burroughs Middle School
600 McCadden Place, Los Angeles, CA 90005
7-81.4 mi
Los Angeles Senior High School
4650 West Olympic Boulevard, Los Angeles, CA 90019
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 406 S St Andrews Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/16/2026
Price Reduced
$2,475,000
-11.29%
MLS
11/24/2025
Listed
$2,790,000
-24.08%
MLS
5/04/2022
Sold
$3,675,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 406 S St Andrews Pl

Year
Property Taxes
Change
Tax Assessment
Change
2025
$43,769
30%
$3,534,300
33%
2023
$33,598
71%
$2,663,279
72%
2022
$19,675
2%
$1,547,122
68%
2021
$19,384
55%
$919,674
1%
2020
$12,471
4%
$910,245
2%
2019
$12,027
2%
$892,398
2%
2018
$11,822
2%
$874,901
2%
2017
$11,546
3%
$857,747
2%
2016
$11,172
1%
$840,930
2%
2015
$11,023
-1%
$828,300
2%
2014
$11,130
—
$812,076
—
2013
$11,124
—
$808,407
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Tony Azzi, Tony Azzi

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Listed by Kristen Tostado (CalRE#: 02203805) and Rick Llanos (CalRE#: 01123101)

406 S St Andrews Pl, Los Angeles, CA 90020 (MLS# 25626247) is a Multi-Family property with units containing 27 bedrooms and 0 full bathrooms. 406 S St Andrews Pl is currently listed for $2,475,000 and was received on November 24, 2025. Want to learn more about 406 S St Andrews Pl? Do you have questions about finding other Multi-Family real estate for sale in Hancock Park? You can browse all Hancock Park real estate or contact a Coldwell Banker agent to request more information.

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