We are delighted to present for sale a six-unit apartment complex situated at 947 South St. Andrews Place. Ideally positioned between Wilshire Boulevard and Olympic Boulevard, just west of Western Avenue, this property is situated in one of the most sought-after enclaves of Koreatown. Constructed with a wood frame/stucco blend, the property occupies a 6, 132 square foot parcel. The unit configurations include one single unit, three two-bedroom/two-bath units, one two-bedroom/one-bath unit, and one three-bedroom/two-bath unit. Amenities comprise an on-site laundry facility, on-site parking, and individual metering for electricity and gas. To provide further details, five of the six units underwent a thorough remodel eight years ago, featuring new custom kitchen cabinets, granite countertops, renovated bathrooms, new hardwood flooring, and updated air conditioning systems. All units have currently below-market lease rates and the new owner will have good space to improve CAP after the completion of the purchase. Close to Transportation, Market, Restaurant, Bar, and Shops. This property is offered As Is, with no warranty or liability to the seller and brokers. Prospective buyers/agents/brokers are kindly requested not to disturb the current tenants.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 10
- Full Bathrooms: 10
Appliances
- Laundry Facilities: Community
- Laundry Features: Community
Heating and Cooling
- Cooling Features: Central
- Heating Features: Central
Interior Features
Garage and Parking
- Carport Spaces: 5
- Garage Description: Assigned, Carport
- Parking Total: 5
Land Info
- Lot Size Acres: 0.1407713
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 6132
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 6
- Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 3100, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 2700, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 2700, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 2000, 5 BathsTotal: 1, 5 SquareFeet: 1400
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Directions: North of Olympic Blvd and West of Western Ave
- Source Property Type: Residential Income
- Area: Hancock Park-Wilshire
- Source Neighborhood: Hancock Park-Wilshire
- Parcel Number: 5081-033-002
- Postal Code Plus 4: 2223
- Zoning: LAR3
- Source System Name: C2C
Commercial Info
- Net Operating Income: 101829
Building and Construction
- Total Square Feet Living: 5368
- Year Built: 1963
- Levels: One Level
- Living Area Source: Vendor Enhanced
- Property Age: 61
- Levels or Stories: 2
- Building Total Stories: 2
- Year Built Source: Vendor Enhanced
Home Features
- Other Equipment: Range/Oven, Refrigerator, Garbage Disposal, Vented Exhaust Fan, Dishwasher