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2208 W 8th St
Los Angeles, CA 90057
The Sinclair · Multifamily Property For Sale
·
189 Units
Property Facts
| No. Units | 189 | Lot Size | 0.43 AC |
| Property Type | Multifamily | Building Size | 77,558 SF |
| Property Subtype | Apartment | Average Occupancy | 99% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | B | Year Built/Renovated | 1928/2018 |
| Zoning | LAC2 | ||
| No. Units | 189 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 77,558 SF |
| Average Occupancy | 99% |
| No. Stories | 5 |
| Year Built/Renovated | 1928/2018 |
| Zoning | LAC2 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Handrails
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- On-Site Retail
- Community-Wide WiFi
- Elevator
- Maintenance on site
- Individual Locking Bedrooms
- Private Bathroom
About 2208 W 8TH ST , LOS ANGELES, CA 90057
The William Penn Apartment Homes building in Westlake is a rare gem of history in Los Angeles. Built in 1928 in the Beaux Arts architectural style, the building previously housed the William Penn Hotel, a luxury hotel accommodation popular amongst the ever-growing jet-set of vacationers enamored with California’s idyllic Mediterranean climate. Today, the William Penn Apartment Homes maintains the old-school elegance of its early 20th Century history. To date, 74 units have been renovated to upgrade flooring, kitchen appliance packages, electrical and plumbing fixtures, and window coverings. Renovated floorplans are achieving rents as much as 40% to 50% higher than rents for comparable unrenovated floorplans. The William Penn, which operates at 95% occupancy, is a rare opportunity to acquire an apartment building of scale with significant upside potential in one of the most dynamic, densely populated, culturally rich areas of Los Angeles.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 189 | - | 219 - 400 |
Property Taxes
| Parcel Number | 5141-022-015 | Improvements Assessment | $20,750,000 |
| Land Assessment | $12,500,000 | Total Assessment | $33,250,000 |
Property Taxes
