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1231 W 8th St
Los Angeles, CA 90017 City West

Price Upon Request

Apartments For Sale  •  7,143 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,143 SF
  • Lot Size 0.13 AC
  • Building Class C
  • Year Built 1907
  • Zoning CW
96 Transit Score
93 Walk Score

Highlights

This value-add single room occupancy investment provides 22 SRO units with upside to complete the required remediation for removal from LA REAP.
Currently 48% occupied on a month-to-month basis, the opportunity allows a new owner to re-tenant the units or renegotiate terms.
Select units have private ¾ bathrooms, and all units enjoy shared amenities, including 4 communal restrooms, a communal kitchen, and a laundry room.
This prime location is within walking distance of shopping and dining amenities, Good Samaritan Hospital, and Downtown LA’s hottest attractions.
Supported by a growing 2-mile population over 325,000, with 93% of locals currently renting their homes and consumer spending surpassing $3B.

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.6 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 2.9 mi
Transit/SubwayDriveWalkDistance
7th Street/Metro Center Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro), Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro), Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.7 mi
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 16 min 0.8 mi
Pico Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro), Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 18 min 0.9 mi
AirportDriveWalkDistance
Bob Hope 24 min - 14.2 mi
Los Angeles International 25 min - 14.5 mi
Long Beach (Daugherty Field) 31 min - 22.7 mi