2214 W 8th, Los Angeles, CA 90057
- $1,200,000
- List Price
- $1,200,000
- Price Change
- ▼ $150,000 1784677893
- Status
- ACTIVE
- MLS#
- CV26088056
- Year Built
- 1909
- Lot Size
- 7,324
- Acres
- 0.17
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 97
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
2214 W. 8th Street is a nine (9) unit apartment complex located in the Westlake neighborhood of Los Angeles. The property sits one block away from MacArthur Park and the Westlake/MacArthur Park Metro Line. Tenants have easy access to a multitude of dining and entertainment options within walking distance. The opportunity consists of seven (7) large two-bedroom units and two (2) spacious one-bedroom units spread across 8,760 rentable square feet. Each unit is separately metered for gas and select units have their own private balconies. While the units have been kept in good condition over the decades, there is approximately 42% rental upside that can be achieved as the units turnover.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 9
- Gross Scheduled Income
- $152,868
- Operating Expense
- 61571
Listing courtesy of Listing Agent: Andres Diaz (andres.diaz@kw.com) from Listing Office: FACTIO GROUP.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.