2765 W 8th St, Los Angeles, CA 90005
- $1,375,000
- 6
- BD
- 4
- BA
- 4,408
- SqFt
- List Price
- $1,375,000
- MLS#
- 26102018
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 4,408
Property Description
2765 W 8th St | 4-Unit Multifamily, Koreatown. Originally built in 1914 and taken down to the studs and rebuilt in 2015, the property totals 4,408 SF on a 7,052 SF lot in the residential core of Koreatown. It is about a ten-minute walk from the Wilshire/Vermont Metro station and has a Walk Score of 96. All four units are 3BR/1BA averaging 1,102 SF, a family-sized configuration in a submarket dominated by singles and one-bedrooms, and they come with eight on-site parking spaces. The building is 100% occupied, with rents averaging $2,661 per month against a $2,750 market rent. Offered at $1,375,000 ($343,750/unit | $311.93/SF) with a 6.15% in-place cap rate, the real story is simplicity: rebuilt systems, near-market rents, and a 6.45% pro forma cap with ADU upside on top.
Additional Information
- Year Built
- 1914
- Garage
- Carport
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Courtesy of Lyon Stahl Investment Real Estate, Inc., Taylor Avakian.
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