Property listed by RE/MAX One, Chase Simonton 818-366-3300
$2,655,000
2809 8th St offers a prime Koreatown investment opportunity with a well-maintained 24-unit apartment building. This asset features a desirable mix of two-bedroom, one-bedroom, and studio units ideal for maximizing occupancy and rental income in one ofLos Angeles' most vibrant and high-demand neighborhoods. With a strong GRM of 8.54 and… Read More a healthy CAP rate of 5.89%, this investment provides solid cash flow and long-term appreciation potential.Located near major transit lines, popular dining, and retail corridors, this fully occupied property is shown exclusively to accepted offers. Read Less
Listing Snapshot
Days Online
28
Last Updated
Property Type
Other
Square Ft.
13,290
Lot Size
0.14 Acres
Year Built
1923
MLS Number
25582881
30 Days Snapshot Of 90005
$777k
-20%
(avg) sold price
3
-40%
homes sold
128
+43%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1923, Building area total: 13,290, Levels: MultiSplit, Living area: 13290, 1 building
Cooling
None
Heating
None
Income
Gross income: $301,438, Net operating income: $150,664
Lot
0.1435 acres, 6,252 square feet, Size: 6,252
Parking
None
Property
Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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