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2743 W 8th St
Los Angeles, CA 90005
Land For Sale
·
0.29 AC
Investment Highlights
- Zoned C2 and configured as two adjacent parcels.
- Approximately a ten-minute walk from MacArthur Park Metro Station.
- Positioned in a transit-served urban infill location.
- Located within the established Koreatown/Westlake corridor.
- Surrounded by retail, dining, and neighborhood services.
- Accessible to Downtown Los Angeles and regional employment centers.
Executive Summary
CBRE, Inc., as exclusive advisor to the Seller, is pleased to present the sale of 2743-2745 W. 8th St. in the Koreatown submarket of Los Angeles. This unique property of ±12,539 SF and zoned C2 consists of two adjacent parcels that offer significant potential for developers looking to capitalize on a high-density, transit oriented neighborhood.
Situated in the 90005 ZIP code, the site sits strategically in the high-growth Koreatown/ Westlake corridor. Residents benefit from being a ten-minute walk from the MacArthur
Park Metro station, providing seamless access to the B and D subway lines. The immediate area is rich with amenities, including the historic MacArthur Park, Southwestern Law School, and the diverse retail and dining landscape of nearby Koreatown. The neighborhood is currently undergoing a significant urban evolution, driven by its central location and proximity to major employment centers in Downtown Los Angeles and Hollywood.
Please visit the Property Website www.koreatown8th.com to execute the Confidentiality Agreement and access the Virtual Deal Room.
Situated in the 90005 ZIP code, the site sits strategically in the high-growth Koreatown/ Westlake corridor. Residents benefit from being a ten-minute walk from the MacArthur
Park Metro station, providing seamless access to the B and D subway lines. The immediate area is rich with amenities, including the historic MacArthur Park, Southwestern Law School, and the diverse retail and dining landscape of nearby Koreatown. The neighborhood is currently undergoing a significant urban evolution, driven by its central location and proximity to major employment centers in Downtown Los Angeles and Hollywood.
Please visit the Property Website www.koreatown8th.com to execute the Confidentiality Agreement and access the Virtual Deal Room.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.29 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | C2 - Commercial | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.29 AC |
| Opportunity Zone |
Yes |
| Zoning | C2 - Commercial |
1 Lot Available
Lot
| Price | $2,100,000 | Lot Size | 0.29 AC |
| Price Per AC | $7,295,314.32 |
| Price | $2,100,000 |
| Price Per AC | $7,295,314.32 |
| Lot Size | 0.29 AC |
±12,539 SF and zoned C2 consists of two adjacent parcels. APNs: 5077-020-005, 5077-020-006
Description
The property consists of approximately 12,539 square feet of land across two adjacent parcels located at 2743-2745 W. 8th Street in Los Angeles. The site is zoned C2 and is situated within the Koreatown/Westlake area. Nearby features include MacArthur Park, Southwestern Law School, neighborhood retail businesses, and the MacArthur Park Metro station serving regional transit connections.
Property Taxes
| Parcel Number | 5077-020-005 | Improvements Assessment | $143,483 |
| Land Assessment | $409,966 | Total Assessment | $553,449 |
Property Taxes
Parcel Number
5077-020-005
Land Assessment
$409,966
Improvements Assessment
$143,483
Total Assessment
$553,449
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