NOT LISTED FOR SALE

2955 W 8th St Los Angeles, CA 90005

Koreatown Neighborhood
12 Beds
12 Baths
9,200 Sq Ft
6,095 Sq Ft Lot

Last Sold August 31, 2022

Last sale price $3,150,000 $342 Per Sq Ft

29 Days on Market

Highlights

  • Air Conditioning
  • Laundry Facilities
  • South Facing Home
  • UCLA Community School Rated A-

About This Home

As of August 2022

2955 W. 8th Street is a two story, 12-unit apartment building constructed in the 1920's. All units in the property are one bedroom with one bathroom and utilities are individually metered. Most of the units have been gut renovated with high end condo quality features and finishes including stainless steel appliances and fixtures, high end cabinets, designer tiles and flooring, new windows, air conditioning, ceiling fans and lighting. Located in Koreatown the building benefits from gentrification and an increasing rental market. Several units have drastically below market lease rates and, upon unit turnover and renovation, can have their lease rates taken to market.

Last Agent to Sell the Property

Brent Sprenkle

Berkadia License #01290116 Listed on: 07/07/2022

Last Buyer's Agent

Michael Shokrian

Michael Isaac Shokrian License #01403171

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,095 Sq Ft Lot
  • South Facing Home

Home Design

Interior Spaces

  • 9,200 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 12 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number 5077-018-003

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 9200
  • Lot Acreage: 0.1399
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Laundry: Community
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 347.28

Exterior Features

  • Direction Faces: South
  • Other Structures: None

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 26.11
  • Assessed Improvement Value: 568266
  • Assessed Land Percent: 73.89
  • Assessed Land Value: 1608303
  • Total Assessed Value: 2176569
  • Assessor Parcel Number: 5077-018-003
  • Lot Size Area: 6095

Rental Info

  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.87
  • Number Of Units: 12
  • Rent Control: 100
  • Type Of Units: Apartments

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Prior Sale
08/31/2022 08/31/22 Sold $3,150,000 -1.4% $342 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $3,195,000 +57.4% $347 / Sq Ft
05/11/2017 05/11/17 Sold $2,030,000 -3.1% $221 / Sq Ft View Prior Sale
03/30/2017 03/30/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $2,095,000 -- $228 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brent Sprenkle

    Berkadia

    Section Image

  • M

    Buyer's Agent in 2022

    Michael Shokrian

    Michael Isaac Shokrian

    (818) 380-3069

    1 in this area

    3 Total Sales

    Michael Shokrian
    Section Image
  • Anie Mayelian

    Seller's Agent in 2017

    Anie Mayelian

    Keller Williams Realty Calabasas

    (818) 915-9118

    29 Total Sales

    Anie Mayelian
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-176911

The MLS
California Los Angeles County Los Angeles 90005 Koreatown

2955 W 8th St, Los Angeles, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.
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.
Information is deemed reliable but not guaranteed.

Nearby Homes