Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90005 2910 W 8th Street

2910 W 8th Street Los Angeles, CA - Image 12910 W 8th Street Los Angeles, CA - Image 22910 W 8th Street Los Angeles, CA - Image 3
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Presented By: Neema Ahadian with Marcus & Millichap;
  • MLS# 25517279
  • 03/27/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 43
  • SQFT • 22,400
  • Year Built • 1926

Home Details

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.
Presented By: Neema Ahadian with Marcus & Millichap;

Interior Features for 2910 W 8th Street

Bedrooms

Total Bedrooms7

Bathrooms

Half Baths0
Total Baths43
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories4

General for 2910 W 8th Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.3
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
Directions8th St between Westmoreland Blvd and Vermont Ave
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income563750.0
HOANo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet7517.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income271101.0
New ConstructionNo
Number Of Units Total43
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1926
ZoningLAR4

Exterior for 2910 W 8th Street

Building Area Total22400.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions60x125
Lot Size Acres0.1726
Lot Size Area7517.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0
WaterfrontY/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $4,300,000
MLS#25517279
List Date 03/27/2025
Property Type Multi-Family
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