7-units Corner Building in Highly Desirable Koreatown,
5,869 SQ FT BUILDING | 5,883 SQ FT. LOT SIZE | 7 UNITS | 9 BEDROOMS | 10 BATHROOMS
KOREATOWN - HANCOCK PARK ADJACENT | SELF MANAGED | CORNER LOT HIGH | DESIRABLE LOCATION
CURRENTLY OFF-MARKET | $2,299,999
Well Maintained 7-units Corner Building with 5%+ CAP and Market Rent Upside
Great 5,869 SQ FT building located on 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 5% capitalization rate.
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 nghtlife scene and 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.