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Listed by: Sean Rosenzweig (213) 943-1897 DRE #01406343 | Marcus & Millichap (310) 909-5500
$1,450,000
8 Beds
- 12 Baths
6,762sqft
1247 W 8Th St, Los Angeles, CA 90017
$1,450,000
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Multi Family
Built in 1910
$-- HOA
5,508 sqft lot
$214/sq.ft
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 offe...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1910
HOA Fees
-
Finished Area
6,762 sqft
Lot Size
5,508 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25601441
MLS Status
Active
Days on Market
64
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