1231 8th St Los Angeles, CA 90017-4483
Property profile & analytics
1231 8th St Los Angeles, CA 90017-4483
- Apartment buildings
- 7,143 SF
- 0.13 lot acres
Property ID
US09-6477704
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Downtown LA Central 323 / Bed & Breakfast / Restaurant
- services inc Guild / Construction Company / General Contractor
Property Details for 1231 8th St
- Year built
- 1907
- Construction
- WOOD
- Lot size
- 0.13 lot acres
- Property size
- 7,143 SF
- Zone code
- LACW
- Property type
- Apartment buildings
- APN
- 5143-011-014
- APU
- 5143011014
Description
This exceptional investment opportunity presents a 22-unit apartment building located at 1231 W 8th St, Los Angeles, CA 90017. The property, a Class C multifamily building constructed in 1907, boasts a total of approximately 7,143 rentable square feet situated on a 5,507 square foot lot. Currently operating at 50% occupancy, the building comprises eighteen single-room occupancy (SRO) units and four SRO units with private half-baths. Shared amenities include four communal bathrooms, a communal kitchen, and a laundry room. The property is master-metered for all utilities. Zoned LA CW, this building presents a significant value-add opportunity for an investor. The asking price is $1,400,000, representing a price per unit of $63,636.36 and a 7.81% capitalization rate based on a Net Operating Income (NOI) of $109,283. The property is subject to the City of Los Angeles Rental Stabilization Ordinance and is currently in the Rent Escrow Account Program (REAP). This receivership sale offers a chance to implement a turnaround program, address the REAP status, and maximize occupancy for substantial returns. The sale is subject to court confirmation and overbid. The property's prime Westlake location offers proximity to Downtown Los Angeles, enhancing its investment appeal. This is a rare chance to acquire a well-located asset with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $812,000
Market price range: $811k - $1.65M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.269
- Latitude
- 34.0504
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,687
$1,957,625
$393,711
$2,351,336
-
$0.00
$0.00
$0.00
