NOT LISTED FOR SALE

2786 W 8th St Los Angeles, CA 90005

Westlake Neighborhood
8 Beds
8 Baths
5,628 Sq Ft
6,259 Sq Ft Lot

Last Sold January 21, 2015

Last sale price $1,325,000 $235 Per Sq Ft

69 Days on Market

About This Home

As of January 2015

This seven-unit apartment building, plus two non-conforming apartment / office units, which sit on a 6,529 sqft LAC2 lot. The property consists of six 1 bedroom units and one 3 bedroom 1.5 bath unit as well as 2 non-conforming office / apartment units. The non-conforming units are listed on title as 2 units, so title shows a total of 9, but are listed on the certificate of occupancy as an office space. The buildings have new roofs and have also just recently undergone an aggravated demo plan.Not only does a buyer have the opportunity for major upside in the front 7 units, but the potential for at least another $20,000 a year of income from the rear 2 once renovated. The property sits in prime Korea Town between Hoover St and Vermont Ave, just two blocks south of Wilshire Blvd and one block north of Olympic Blvd. The building is located in an up and coming pocket that's in close proximity to many new developments, easy access to ample public transportation.

Last Agent to Sell the Property

Joshua Ross

Marcus & Millichap License #01918715 Listed on: 08/22/2014

Last Buyer's Agent

Joshua Ross

Marcus & Millichap License #01918715 Listed on: 08/22/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,259

Parking

  • 6 Car Garage

Interior Spaces

  • 5,628 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • 6,259 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 5077-021-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5628
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 211.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 6

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 363426
  • Assessed Land Value: 294034
  • Assessor Parcel Number: 5077-021-012
  • Geocode Override: No
  • Lot Size Area: 6259

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.14
  • Number Of Units: 9
  • Rent Control: 100
  • Total Annual Expense: 35279
  • Type Of Units: Rental
  • Vacancy Rate: 3

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2015 01/21/15 Sold $1,325,000 +11.3% $235 / Sq Ft
10/30/2014 10/30/14 Pending -- -- --
08/22/2014 08/22/14 For Sale $1,190,000 -- $211 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Joshua Ross

    Marcus & Millichap

See All Agents

Map

Source: The MLS

MLS Number: 14-788039

The MLS
California Los Angeles County Los Angeles 90005 Westlake

2786 W 8th St, Los Angeles, CA

This home is located at 2786 W 8th St, Los Angeles, CA 90005 since 22 August 2014. This property was built in 1954. 2786 W 8th St is a home located in Los Angeles County with nearby schools including Hoover Street Elementary School, UCLA Community School, and Rfk Community Schools-Ambassador-Global Leadership.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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