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$1,375,000
Est. payment /mo
6 Beds
4 Baths
4,408 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,408 sqft
Price per Sqft $311
MLS Listing ID 26102018
Bedrooms 6
HOA Y/N No
Year Built 1914
Lot Size 6,272 Sqft
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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAC2
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 8
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5077020008
Special Listing Condition Standard
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Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc. #02060040
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