1231 W 8th St | Los Angeles, CA 90017
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- LoopNet Team
1231 W 8th St
Los Angeles, CA 90017
Receiver Sale | Value-Add SRO | REAP Upside · Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- This value-add single room occupancy investment provides 22 SRO units with upside to complete the required remediation for removal from LA REAP.
- Select units have private ¾ bathrooms, and all units enjoy shared amenities, including 4 communal restrooms, a communal kitchen, and a laundry room.
- Supported by a growing 2-mile population over 325,000, with 93% of locals currently renting their homes and consumer spending surpassing $3B.
- Currently 48% occupied on a month-to-month basis, the opportunity allows a new owner to re-tenant the units or renegotiate terms.
- This prime location is within walking distance of shopping and dining amenities, Good Samaritan Hospital, and Downtown LA’s hottest attractions.
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 0.13 AC |
| Type of Ownership | Fee Simple | Building Size | 7,143 SF |
| No. Units | 22 | Average Occupancy | 48% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1907 |
| Apartment Style | Low-Rise | Parcel Number | 5143-011-014 |
| Building Class | C | ||
| Zoning | CW | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| 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 |
| Parcel Number | 5143-011-014 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 19 | - | - |
| Studios | 3 | - | - |
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