$4,300,000

2910 W 8th St Los Angeles, CA 90005

Koreatown Neighborhood

Estimated payment $28,048/month

Total Views 1,156
7 Beds
43 Baths
22,400 Sq Ft
$192 Price per Sq Ft

About This Home

We are pleased to present a 43-unit investment opportunity at 2910 W 8th St in Koreatown located between S Hoover St and Vermont Ave. The subject property totals 36 single units and seven one-bedrooms. Offered at $100,000 per unit at $192 PSF at a 6.30% CAP rate and 7.63 GRM on current income at the asking price with an additional 32% rental upside achievable as units turn. The building is separately metered for electric and has an on-site community laundry room leased with Wash with four washers and four dryers. High Walk Score of 97, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle. Walking distance to neighborhood retail along Vermont Ave; less than a mile from the Metro D Line rail station and steps from several Metro local lines along 8th St and Vermont Ave. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the best areas to invest in.

Listing Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 03/01/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 7,517 Sq Ft Lot
  • Lot Dimensions are 60x125

Interior Spaces

  • 22,400 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 43 Bathrooms

Community Details

  • 43 Units
  • Vacancy Allowance $28,188

Listing and Financial Details

  • Assessor Parcel Number 5077-023-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Living Area: 22400
  • Lot Acreage: 0.1733
  • Lot Dimensions: 60x125
  • Stories: 4
  • Year Built: 1926
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 43.00
  • Price Per S Q F T: 191.96

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 20.99
  • Assessed Improvement Value: 275173
  • Assessed Land Percent: 79.01
  • Assessed Land Value: 1035553
  • Total Assessed Value: 1310726
  • Assessor Parcel Number: 5077-023-014
  • Lot Size Area: 7517

Rental Info

  • Total Actual Rent: 558792.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 7.63
  • Number Of Units: 43
  • Total Annual Expense: 264462
  • Type Of Units: Apartments
  • Vacancy Allow: 28188
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 1

Map

Range of Values:

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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 Change Sq Ft Price
03/01/2025 03/01/25 For Sale $4,300,000 -- $192 / Sq Ft
Source: The MLS

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See All Homes in Los Angeles

Source: The MLS

MLS Number: 25517279

The MLS

California Los Angeles County Los Angeles 90005 Koreatown

2910 W 8th St, Los Angeles, CA

This home is located at 2910 W 8th St, Los Angeles, CA 90005 and is currently priced at $4,300,000, approximately $191 per square foot. This property was built in 1926. 2910 W 8th St is a home located in Los Angeles County with nearby schools including UCLA Community School, Rfk Community Schools-Ambassador-Global Leadership, and Young Oak Kim Academy.

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Nearby Homes
Listing Agent
Neema Ahadian
Section Image
Marcus & Millichap
(310) 909-5444