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1231 W 8th St
Los Angeles, CA 90017
Multifamily Property For Sale
·
22 Units
PROPERTY FACTS
| No. Units | 22 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 7,143 SF |
| Property Subtype | Apartment | Average Occupancy | 48% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1907 |
| Zoning | CW | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 7,143 SF |
| Average Occupancy | 48% |
| No. Stories | 2 |
| Year Built | 1907 |
| Zoning | CW |
ABOUT 1231 W 8TH ST , LOS ANGELES, CA 90017
The property is a 22 unit wood frame stucco building (17 SRO's with shared bathrooms and 5 units with their own bathroom) located adjacent to Downtown Los Angeles. The Westlake area of Los Angeles has is experiencing gentrification and there are many new developments taking place. The building is within walking distance to mass transportation and the diverse amenities that Downtown Los Angeles has to offer. The 2 story building is master metered and has a large community kitchen and laundry room. A savvy investor can remodel the building and target the spillover crowd from Downtown to capture higher rents or build ground up with the favorable zoning and TOC (Transit Oriented Communities) incentive.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 17 | - | - |
| Studios | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 5143-011-014 | Improvements Assessment | $401,585 |
| Land Assessment | $1,996,777 | Total Assessment | $2,398,362 |
PROPERTY TAXES
