CA > Los Angeles
Los Angeles, CA 90017,1247 W 8th ST
Los Angeles, CA 90017,1247 W 8th ST
Los Angeles, CA 90017,1247 W 8th ST
10
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$1,450,000
Est. payment /mo
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8 Beds
12 Baths
6,762 SqFt
New

1247 W 8th ST Los Angeles, CA 90017

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Shauna Hernandez

Shauna Hernandez

+1(805) 668-4865

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,762 sqft

Price per Sqft $214

MLS Listing ID 25601441

Bedrooms 8

HOA Y/N No

Year Built 1910

Lot Size 5,505 Sqft

Property Description

We are pleased to offer for sale a 12-unit apartment community located at 1247 West 8th Street. The subject property is situated west of the 110 Freeway and south of Wilshire Boulevard. Positioned on a 5,508-square-foot parcel, the property is comprised of four studios and eight one-bedroom units and is being offered at an attractive basis of 7.98 GRM and $120,833 per unit, with 24% remaining rental upside through unit renovations. The property is in close proximity to multiple venues for the 2028 Summer Olympics, including the LA Memorial Coliseum, Crypto.com Arena, and BMO Stadium, which bode well for the long-term prospects of the neighborhood.1247 West 8th Street offers investors a compelling opportunity to acquire an asset with a strong value-add component and to capitalize on the continued westward expansion and revitalization of the Downtown submarket. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LACW

Interior

Fireplace No

Exterior

Parking Features None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5143011012

Special Listing Condition Standard

CRMLS – RECore
Listed by Sean Rosenzweig Marcus & Millichap

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Shauna Hernandez

Shauna Hernandez

Agent | License ID: 02226599

+1(805) 668-4865

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1247 W 8th ST

 
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