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$1,450,000
Est. payment /mo
12 Beds
8 Baths
6,271 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26175998
Bedrooms 12
Lot Size 6,271 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
2765 W 8th St a fully renovated four-unit apartment building in the heart of Koreatown, offered at $1,450,000 ($362,500/unit) at a 5.84% current cap and 6.48% pro forma. Rare all-three-bedroom unit mix: four spacious 3BR/2BA homes of ~1,102 SF each with updated kitchens and baths. The 2015 gut renovation replaced the major systems electrical wiring and subpanels, plumbing and drain lines, roof, and windows plus a full interior refresh, meaning minimal near-term capex for the next owner. Eight secured on-site parking spaces in a rear lot, a genuine rarity in K-Town. In-place rents sit within ~7% of market, so RSO caps have limited near-term impact on yield. Major upside: SB 1211 permits up to four detached ADUs on the rear lot by ministerial approval with no replacement parking required. Below the $5M Measure ULA threshold. ~0.6 mi to Metro Wilshire/Vermont; minutes to DTLA, Hollywood, and the Westside. Buyer to verify all information.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Call Broker
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5077020008
Acceptable Financing Cash
Listing Terms Cash
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Listed by John Chelius, DRE#01936287 Property Works RE, Inc.
Nearby School & Business
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