7 units in Koreatown CA for sale - Asking $2.299M

[Eldar M.]

Great 5,869 SQ FT building located on the corner of 941 S St. Andrews Place, in the heart of highly desirable Koreatown - Hancock Park adjacent area.

One unit is being occupied by the owner. Rents are under market with an approximate 4.65% capitalization rate.

Units Breakdown:

Unit 1:2 Bedrooms & 1.5 Bathrooms

Unit 2:2 Bedrooms & 1.5 Bathrooms

Unit 3:1 Bedroom & 1 Bathroom

Unit 4:1 Bedroom & 1 Bathroom

Unit 5:1 Bedroom & 1 Bathroom

Unit 6: Studio & 1 Bathroom

Unit 7:2 Bedrooms & 1.5 Bathrooms (Townhome)

With access to various Metro lines, three major freeways, strong nightlife scene, and an influx of developments, Koreatown has become one of Los Angeles’ most sought-after urban enclaves. Among Development highlights: a condo and hotel project next to the historic Wilshire Galleria, a museum dedicated to Korean American culture and history, and a massive mixed-use project partly developed by the county.