Iconic Closes St Andrews Apartments

Iconic is pleased to announce the sale of the St. Andrews Apartments
located at 415-421 S. St. Andrews Place in Prime Koreatown.

► Purchase price of $6,235,000

► $283,409 Per Unit

► 16.26 GRM

► $333 Per Square Foot

► Buyer Responsible for $350,000 of Earthquake Retrofit in Addition to Purchase Price

► Mix of (14) 1-Bedroom & (8) 2-Bedroom Units

► Prime Koreatown Location

► Property was Sold Off-Market

THE SELLER has owned the property for 19+ years and elected to 1031 exchange into a newer property.

THE BUYER owns in the immediate area, this property was a perfect fit for his portfolio.