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839 S St. Andrews Pl 31 Unit Apartment Building $6,833,029 CAD ($220,420 CAD/Unit) 5.33% Cap Rate Los Angeles, CA 90005
INVESTMENT HIGHLIGHTS
- 31 Units- Strong Korea Town Loca?tion West of Western Avenue
- Grand Lobby With Secured Entrance
- In Proximity to a Myriad of Local K-Town Dining, Shopping and Entertainment Destinations including Chapman Plaza, The Line, Quarters KBBQ, and Many Mo
- Charming Hollywood Style Building
- Elevator & Onsite Laundry
- Property is Master Metered for Electric & Gas
EXECUTIVE SUMMARY
Located in the heart of a vibrant Koreatown pocket, 839 S. St Andrews Place offers a rare opportunity to acquire a charming, 31-unit multifamily property west of Western Avenue, just steps from the prestigious Hancock Park neighborhood. Built in 1929, this Hollywood-style architectural gem exudes timeless character, featuring a grand lobby with a secured entrance, an elevator, and on-site laundry facilities for tenant convenience.
The property comprises a desirable unit mix of 23 studio apartments and 8 one-bedroom, one-bathroom (1+1) units, catering to a diverse tenant base in one of Los Angeles’ most dynamic and sought-after submarkets. With a Walk Score of 95, residents enjoy unparalleled access to Koreatown’s renowned dining, shopping, and entertainment options, including Chapman Plaza, The Line Hotel, and Quarters KBBQ, as well as proximity to local cultural and lifestyle destinations.
Strategically positioned in a high-demand rental market, 839 S. St Andrews Place combines historic appeal with modern livability, making it an attractive asset for investors seeking stable cash flow and long-term value appreciation. Its prime location, strong walkability, and proximity to both Koreatown’s bustling core and the upscale Hancock Park area further enhance its investment potential.
This offering represents a unique chance to own a well-maintained, character-driven property in a thriving urban neighborhood poised for continued growth
The property comprises a desirable unit mix of 23 studio apartments and 8 one-bedroom, one-bathroom (1+1) units, catering to a diverse tenant base in one of Los Angeles’ most dynamic and sought-after submarkets. With a Walk Score of 95, residents enjoy unparalleled access to Koreatown’s renowned dining, shopping, and entertainment options, including Chapman Plaza, The Line Hotel, and Quarters KBBQ, as well as proximity to local cultural and lifestyle destinations.
Strategically positioned in a high-demand rental market, 839 S. St Andrews Place combines historic appeal with modern livability, making it an attractive asset for investors seeking stable cash flow and long-term value appreciation. Its prime location, strong walkability, and proximity to both Koreatown’s bustling core and the upscale Hancock Park area further enhance its investment potential.
This offering represents a unique chance to own a well-maintained, character-driven property in a thriving urban neighborhood poised for continued growth
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$746,583
|
$34.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$22,398
|
$1.04
|
| Effective Gross Income |
$724,185
|
$33.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$359,782
|
$16.77
|
| Net Operating Income |
$364,404
|
$16.98
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $746,583 |
| Annual Per SF | $34.80 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $22,398 |
| Annual Per SF | $1.04 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $724,185 |
| Annual Per SF | $33.75 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $359,782 |
| Annual Per SF | $16.77 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $364,404 |
| Annual Per SF | $16.98 |
PROPERTY FACTS
| Price | $6,833,029 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $220,420 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.33% | Building Size | 21,456 SF |
| Gross Rent Multiplier | 9.15 | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles - residential | ||
| Price | $6,833,029 CAD |
| Price Per Unit | $220,420 CAD |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| Gross Rent Multiplier | 9.15 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 21,456 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1929 |
| Zoning | R3, Los Angeles - residential |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Vintage Building
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 23 | - | 480 |
| 1+1 | 8 | - | 800 |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (77)
PROPERTY TAXES
| Parcel Number | 5092-024-005 | Improvements Assessment | $2,695,256 CAD (2025) |
| Land Assessment | $6,288,930 CAD (2025) | Total Assessment | $8,984,186 CAD (2025) |
PROPERTY TAXES
Parcel Number
5092-024-005
Land Assessment
$6,288,930 CAD (2025)
Improvements Assessment
$2,695,256 CAD (2025)
Total Assessment
$8,984,186 CAD (2025)
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839 S St. Andrews Pl
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