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415 S St Andrews Pl, Los Angeles (City)
The Oasis Apartments, an apartment development opportunity on St. Andrews Place in the thriving Koreatown neighborhood of Los Angeles. 415-421 South St. Andrews Place is suitable for 77 residential units, which includes 15 affordable units, on a ~18,020 square foot lot (~0.41acres). The property is currently operating as a 22-unit apartment building.The site is zoned R4-1 and permits development of 45 residentialunits by-right, and further benefits from Tier 3 TOC guidelines that provide for additional density, increased height, reduced parking,and reduced setback requirements. A developer seeking to maximize site potential may develop 77 total residential units (62 market rate and 15 affordable) with only 38 parking spaces. The Oasis Apartments is located in the coveted west-of-Western pocket of Koreatown, approximately five blocks from Wilshire & Western. This area has historically been considered more upscale and demands high rents.
- MLS® #19427324
- Year Built1961
- TypeResidential Income
- Sub-TypeCombo - Res & Com
- Date ListedJanuary 19th, 2019
- Days on Market35
- Address415 S St Andrews Pl
- AreaHancock Park (HPK) (L)
- CityLos Angeles (City)
- CountyLos Angeles
- Zip Code90020
- Listing AgentPeter Strauss(01335696)
- Listing OfficeIconic Investments
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Last updated on February 23rd, 2019 at 11:30am PST