2941 W 8TH Street, Los Angeles, CA 90005

About this property

BUY AND HOLD, OPPORTUNITY ZONE -R4-2 Lot, 4 unit building located in the highly desirable Korea town neighborhood of Los Angeles. The property offers four large Two-Bedroom + 1 BA across 4,888 square feet of living space (+/- 1200 square feet each unit) on 6,252 square feet (0.14 acres) of land. Detached four car garage in the back. Utilities are separately metered for electricity and gas, and individual water heaters for each unit. Tenant pays for gas and electricity. Seller pays for water, sewer and trash. Excellent value, priced at only $287/SF. The said offering sits on a 6,252 SF (Tier 2) Built in 1923, Property will be sold in "as is" condition. Inside Showing after offer accepted. Buyer & Buyer agent to confirm all property information to the city . All four units are fully occupied . Great location and conveniently located between the 10, 101 and 110 freeway .Drive-by only. Please do not approach and/or disturb the tenants as they are not aware of sale. Please submit offers subject to interior inspection.

Listing description from the August 2022 sale, as reported to CRMLS.

Sale history

$1,378,500

Sold August 2022 · listed $1,399,990, on market May 2022 · MLS #22137615 · Source: CRMLS

Listing Agent: Jung Hong · Listing Office: Hope Investment · Contact: 818-606-9486 · Bought with: Jung Hong · Hope Investment

$1,200,000

Sold July 2021 · listed $975,000, on market June 2021 · MLS #21746802 · Source: CRMLS

Listing Agent: Adam Zunder · Listing Office: Iconic Investments · Contact: 747-444-3300 · Bought with: Jung Hong · Hope Investment

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