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… Read More 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. Read Less
Listing Snapshot
Days Online
138
Last Updated
Property Type
Other
Beds
7
Square Ft.
22,400
Lot Size
0.17 Acres
Year Built
1926
MLS Number
25517279
30 Days Snapshot Of 90005
$1.03M
-53%
(avg) sold price
3
-50%
homes sold
86
+11%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
22,400 sq ft, Built in 1926, Levels: Three Or More
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