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Leeward & 8th St Apartments 2809 W 8th St 24 Unit Apartment Building $2,350,000 ($97,917/Unit) 6.81% Cap Rate Los Angeles, CA 90005
EXECUTIVE SUMMARY
2809 8th St offers a prime Koreatown investment
opportunity with a well-maintained 24-unit apartment
building. Updated Electrical! Ideal for maximizing
occupancy and rental income in one of Los Angeles’ most
vibrant and high-demand neighborhoods. With a strong
GRM of 8.38 and a healthy CAP rate of 6.81%, 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.
opportunity with a well-maintained 24-unit apartment
building. Updated Electrical! Ideal for maximizing
occupancy and rental income in one of Los Angeles’ most
vibrant and high-demand neighborhoods. With a strong
GRM of 8.38 and a healthy CAP rate of 6.81%, 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.
PROPERTY FACTS
| Price | $2,350,000 | Property Subtype | Apartment |
| Price Per Unit | $97,917 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.81% | Lot Size | 0.14 AC |
| Sale Condition | 1031 Exchange | Building Size | 14,322 SF |
| Gross Rent Multiplier | 8.12 | No. Stories | 3 |
| No. Units | 24 | Year Built | 1923 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | C2-4, City of L.A. | ||
| Price | $2,350,000 |
| Price Per Unit | $97,917 |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 8.12 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 14,322 SF |
| No. Stories | 3 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
| Zoning | C2-4, City of L.A. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gated
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 24 | - | 475 |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (82)
PROPERTY TAXES
| Parcel Number | 5077-019-010 | Improvements Assessment | $1,020,000 |
| Land Assessment | $2,259,300 | Total Assessment | $3,279,300 |
PROPERTY TAXES
Parcel Number
5077-019-010
Land Assessment
$2,259,300
Improvements Assessment
$1,020,000
Total Assessment
$3,279,300
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Leeward & 8th St Apartments | 2809 W 8th St
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