NOT LISTED FOR SALE

2933 W 8th St Los Angeles, CA 90005

Koreatown Neighborhood
-- Bed
40 Baths
22,680 Sq Ft
7,506 Sq Ft Lot

Last Sold May 22, 2019

Last sale price $6,875,000 $303 Per Sq Ft

22 Days on Market

About This Home

As of May 2019

2933 W 8th Street is a charming, well-maintained 40-unit apartment building located in Koreatown, a highly desirable submarket of Los Angeles. The Property features a favorable unit mix of 32 studios and 8 1+1 units, presenting the opportunity for an investor to acquire a well-maintained asset with the potential to add value through additional renovations. 21 of the 40 units have been extensively renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, new kitchen cabinets and tile backsplashes, new fixtures, new paint, new based moldings, and energy efficient LED lighting, and 2 of the units have been partially renovated. Exterior and building upgrades include a new roof, boiler, solar thermal system, newly painted hallways with LED lights, and a renovated elevator cab. The Property is located in an amenity rich location, near entertainment, shopping, hotels, and restaurants along with local transportation.

Last Agent to Sell the Property

Janet Neman

Kidder Mathews of California, Inc. License #01069127 Listed on: 02/13/2019

Last Buyer's Agent

Janet Neman

Kidder Mathews of California, Inc. License #01069127 Listed on: 02/13/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 7,506

Interior Spaces

  • 40 Bathrooms
  • 22,680 Sq Ft Home
  • 4-Story Property
  • Elevator

Additional Features

  • 7,506 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 40 Units

Listing and Financial Details

  • Assessor Parcel Number 5077-018-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 22680
  • Stories: 4
  • Year Built: 1928
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 40.00
  • Den: 0
  • Equipment: Elevator, Refrigerator
  • Price Per S Q F T: 313.05

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessor Parcel Number: 5077-018-006
  • Geocode Override: No
  • Lot Size Area: 7506

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.54
  • Number Of Units: 40
  • Total Annual Expense: 225073
  • Type Of Units: Multifamily
  • 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 Change Sq Ft Price
05/22/2019 05/22/19 Sold $6,875,000 -3.2% $303 / Sq Ft
02/13/2019 02/13/19 For Sale $7,100,000 +86.6% $313 / Sq Ft
07/23/2014 07/23/14 Sold $3,805,000 -4.8% $168 / Sq Ft
05/08/2014 05/08/14 Pending -- -- --
04/13/2014 04/13/14 For Sale $3,995,000 +24.8% $176 / Sq Ft
04/05/2013 04/05/13 Sold $3,200,000 -3.0% $141 / Sq Ft
01/08/2013 01/08/13 Pending -- -- --
12/06/2012 12/06/12 For Sale $3,300,000 -- $146 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Janet Neman

    Kidder Mathews of California, Inc.

    (310) 926-5181

    15 Total Sales

    Janet Neman
    Section Image
  • Yitzy Pearson

    Seller's Agent in 2014

    Yitzy Pearson

    Pearson Affiliated, Inc.

    (323) 892-8453

    1 in this area

    3 Total Sales

    Yitzy Pearson
    Section Image

  • S

    Buyer's Agent in 2014

    Subscriber Non

    Non-Participant Office

  • Matthew Kanner

    Seller's Agent in 2013

    Matthew Kanner

    Keller Williams Realty Los Feliz

    (323) 300-1000

    4 in this area

    18 Total Sales

    Matthew Kanner
    Section Image
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Map

Source: The MLS

MLS Number: 19-436120

The MLS
California Los Angeles County Los Angeles 90005 Koreatown

2933 W 8th St, Los Angeles, CA

This home is located at 2933 W 8th St, Los Angeles, CA 90005 since 13 February 2019. This property was built in 1928. 2933 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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