Log In/Sign Up
Your email has been sent.
6022 W 8th St - 802 S ORANGE GROVE AVE & 6022 W 8TH ST 8 Unit Apartment Building Offered at $2,740,000 at a 5.37% Cap Rate Los Angeles, CA 90036
Investment Highlights
- Walkable to Major Retail & Cultural Destinations—Steps from The Grove, The Original Farmers Market, LACMA, the Petersen Automotive Museum, Trader Joes
- On-Site Laundry Facility — Centralized laundry room offers tenant convenience while generating additional passive income
- Operational Upside — Potential to increase overall cash flow through rental adjustments and optimization of ancillary income streams
- Additional Income from Six Garages — Six on-site garages currently provide a separate and consistent ancillary revenue stream
- ADU Potential — Opportunity to further increase income through the addition of accessory dwelling units (buyer to verify)
- Prime Miracle Mile Location — Positioned in one of Los Angeles’ most desirable and centrally located neighborhoods, known for strong rental demand
Property Facts
| Price | $2,740,000 | No. Units | 8 |
| Price Per Unit | $342,500 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 6,982 SF |
| Cap Rate | 5.37% | No. Stories | 2 |
| Gross Rent Multiplier | 12.93 | Year Built | 1928 |
| Price | $2,740,000 |
| Price Per Unit | $342,500 |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| Gross Rent Multiplier | 12.93 |
| No. Units | 8 |
| Property Type | Multifamily |
| Building Size | 6,982 SF |
| No. Stories | 2 |
| Year Built | 1928 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5086-011-010 | Improvements Assessment | $885,851 |
| Land Assessment | $2,061,520 | Total Assessment | $2,947,371 |
Property Taxes
Parcel Number
5086-011-010
Land Assessment
$2,061,520
Improvements Assessment
$885,851
Total Assessment
$2,947,371
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
6022 W 8th St - 802 S ORANGE GROVE AVE & 6022 W 8TH ST
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.