2765 W 8th Street, Los Angeles, CA 90005
2765 W 8th Street, Los Angeles, CA 90005
2765 W 8th Street, Los Angeles, CA 90005
11
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$1,375,000
Est. payment /mo
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3 Beds
4,408 SqFt
Active

2765 W 8th Street Los Angeles, CA 90005

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Key Details

Property Type Single Family Home

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 4,408 sqft

Price per Sqft $311

MLS Listing ID CL26102018

Bedrooms 3

HOA Y/N No

Year Built 1914

Lot Size 6,271 Sqft

Acres 0.14

Property Sub-Type OTHER

Property Description

2765 W 8th St | 4-Unit Multifamily, Koreatown. Originally built in 1914 and taken down to the studs and rebuilt in 2015, the property totals 4,408 SF on a 7,052 SF lot in the residential core of Koreatown. It is about a ten-minute walk from the Wilshire/Vermont Metro station and has a Walk Score of 96. All four units are 3BR/1BA averaging 1,102 SF, a family-sized configuration in a submarket dominated by singles and one-bedrooms, and they come with eight on-site parking spaces. The building is 100% occupied, with rents averaging $2,661 per month against a $2,750 market rent. Offered at $1,375,000 ($343,750/unit | $311.93/SF) with a 6.15% in-place cap rate, the real story is simplicity: rebuilt systems, near-market rents, and a 6.45% pro forma cap with ADU upside on top.

Location

State CA

County Los Angeles

Zoning LAC2

Interior

Heating None

Cooling No Air Conditioning

Fireplace No

Exterior

Total Parking Spaces 8

Building

New Construction No

Others

Tax ID 5077020008


Bridge MLS
Listed by Taylor Avakian • Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Grant Inaba

Grant Inaba

Agent License ID: 01905199

+1(415) 992-2330

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2765 W 8th Street