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$2,300,000
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Property Description
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
Full Property Details for 406 S St Andrews Pl
General
- Sold For: $2,300,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25626247
- Added to Site: 101 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 and Sold by Tony Azzi, Tony Azzi
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Schools
Schools serving 406 S St Andrews Pl
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Wilshire Park Elementary School 4063 Ingraham St., Los Angeles, CA 90005 | K-5 | 0.5 mi |
John Burroughs Middle School 600 McCadden Place, Los Angeles, CA 90005 | 7-8 | 1.4 mi |
Los Angeles Senior High School 4650 West Olympic Boulevard, Los Angeles, CA 90019 | 9-12 | 1.5 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
Date
Details
Price
Change
Source
2/21/2026
Sold
$2,300,000
-7.07%
MLS
1/16/2026
Price Reduced
$2,475,000
-11.29%
MLS
11/24/2025
Listed
$2,790,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
406 S St Andrews Pl, Los Angeles, CA 90020 (MLS# 25626247) is a Multi-Family property that was sold at $2,300,000 on February 21, 2026. 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.

