$975,000

2941 W 8th Street, Los Angeles, CA 90005

6,253

Lot Size

4

# Of Units

8th Street Apartments is a 4-unit apartment building located at 2941 W 8th Street in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1923, the property offers renters a high demand mix of four large Two-Bedroom units across 4,888 square feet of improvements on 6,252 square feet (0.14 acres) of land. On the market for the first time in over 40 years, the thoughtfully maintained property is a virtual time capsule of 1920s style, ripe for repositioning and cosmetic updating to serve the upscale tenant base of the renewed Koreatown community in the heart of Los Angeles. New ownership has the opportunity to capture nearly 33% upside (in rents) as the units turn by extensively renovating the units with new hardwood floors, kitchens cabinets & countertops, bathrooms with new vanities and modern tile, recessed lighting, stainless-steel appliances, new windows, fixtures and hardware. Unique to 8th Street Apartments are the spacious units which offer +/- 1200 square feet of living space. Utilities are separately metered for electricity and gas, and individual water heaters for each unit. OFFERS DUE 6/16/2021 at 4PM

Facts & Features

MLS® # 21746802
Price $975,000
Bathrooms 0.00
Lot Size 6,253
Year Built 1923
Type Residential Income
Status Pending
# Of Units 4

Community Information

Address 2941 W 8th Street
Area C17 - Mid-Wilshire
City Los Angeles
County Los Angeles
State CA
Zip Code 90005

Amenities

Parking Spaces 4
# of Garages 4
Is Waterfront No
Has Pool No

Interior

Heating Wall Furnace
Has Basement No
Fireplace No

Additional Information

Date Listed June 9th, 2021
Days on Market 12
Zoning LAR4
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentAdam Zunder
OfficeIconic Investments

Listing Map

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