Multifamily
2795 W 8th St
2795 W 8th St, Los Angeles, CA 90005
Listing Price: $4,500,000
Investment Overview
Marcus and Millichap is proud to present 2795 West 8th, a 36-unit investment opportunity located in the highly sought-after Koreatown neighborhood of Los Angeles. Located on 8th St, between W 7th St and Francis Ave, and is within walking distance to MacArthur Park. This is a value-add opportunity with over 18% rental upside achievable as units turn.
High Walk Score of 92, 2795 West 8th is located one block from the Metro Red / Purple line making it a walkers paradise with many nearby markets, shops, schools, and restaurants. Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area.
The subject property is being sold by way of Receivership. The sale will be subject to a court confirmation overbid hearing. Please contact the agents for additional details.
2795 W 8th St
Investment Highlights
- An apartment investment opportunity in the Koreatown neighborhood of Los Angeles located between W 7rd St & Francis Ave, walking distance to MacArthur Park
- The property features a unit mix made up of 8 bachelors and 20 singles and 8 one-bedrooms
- Value add opportunity with over 18% rental upside; the property features community laundry and security cameras throughout
- High Walk Score of 92, residents benefit from multiple metro bus line stops along 6th Ave and just one mile from the metro rail line
- Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St as well as the St. Vincent Medical Center
- An ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area
Exclusively Listed By
Listing Price: $4,500,000
Investment Highlights
- An apartment investment opportunity in the Koreatown neighborhood of Los Angeles located between W 7rd St & Francis Ave, walking distance to MacArthur Park
- The property features a unit mix made up of 8 bachelors and 20 singles and 8 one-bedrooms
- Value add opportunity with over 18% rental upside; the property features community laundry and security cameras throughout
- High Walk Score of 92, residents benefit from multiple metro bus line stops along 6th Ave and just one mile from the metro rail line
- Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St as well as the St. Vincent Medical Center
- An ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area
Investment Overview
Marcus and Millichap is proud to present 2795 West 8th, a 36-unit investment opportunity located in the highly sought-after Koreatown neighborhood of Los Angeles. Located on 8th St, between W 7th St and Francis Ave, and is within walking distance to MacArthur Park. This is a value-add opportunity with over 18% rental upside achievable as units turn. High Walk Score of 92, 2795 West 8th is located one block from the Metro Red / Purple line making it a walkers paradise with many nearby markets, shops, schools, and restaurants. Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area. The subject property is being sold by way of Receivership. The sale will be subject to a court confirmation overbid hearing. Please contact the agents for additional details.
Exclusively Listed By
