Multifamily
1247 West 8th Street
1247 W 8th St, Los Angeles, CA 90017
Listing Price: $1,450,000
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 12-unit apartment community located at 1247 West 8th Street. The subject property is situated west of the 110 Freeway and south of Wilshire Boulevard.
Positioned on a 5,508-square-foot parcel, the property is comprised of four studios and eight one-bedroom units and is being offered at an attractive basis of 7.98 GRM and $120,833 per unit, with 24% remaining rental upside through unit renovations.
The property is in close proximity to multiple venues for the 2028 Summer Olympics, including the LA Memorial Coliseum, Crypto.com Arena, and BMO Stadium, which bode well for the long-term prospects of the neighborhood.
1247 West 8th Street offers investors a compelling opportunity to acquire an asset with a strong value-add component and to capitalize on the continued westward expansion and revitalization of the Downtown submarket.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
1247 West 8th Street
Investment Highlights
- There is 24 percent remaining rental upside through interior renovations
- Being offered at an attractive basis of 7.98 GRM & $120,833 per unit
- Located in a dense pocket approximately one mile from the LA Convention Center, LA Live, and Crypto Arena. With a Walk Score of 92, most daily errands can be accomplished on foot
- Located in close proximity to major venues within the 'Downtown Sports Park' for the 2028 Summer Olympics, including the LA Coliseum, Crypto.com Arena, and BMO Stadium
- Long Term Ownership - Owned & operated for the Last 13 Years
- Located in the path of future growth between Downtown Los Angeles, West Adams & Koreatown
Exclusively Listed By
Financing By
Listing Price: $1,450,000
Investment Highlights
- There is 24 percent remaining rental upside through interior renovations
- Being offered at an attractive basis of 7.98 GRM & $120,833 per unit
- Located in a dense pocket approximately one mile from the LA Convention Center, LA Live, and Crypto Arena. With a Walk Score of 92, most daily errands can be accomplished on foot
- Located in close proximity to major venues within the 'Downtown Sports Park' for the 2028 Summer Olympics, including the LA Coliseum, Crypto.com Arena, and BMO Stadium
- Long Term Ownership - Owned & operated for the Last 13 Years
- Located in the path of future growth between Downtown Los Angeles, West Adams & Koreatown
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 12-unit apartment community located at 1247 West 8th Street. The subject property is situated west of the 110 Freeway and south of Wilshire Boulevard. Positioned on a 5,508-square-foot parcel, the property is comprised of four studios and eight one-bedroom units and is being offered at an attractive basis of 7.98 GRM and $120,833 per unit, with 24% remaining rental upside through unit renovations. The property is in close proximity to multiple venues for the 2028 Summer Olympics, including the LA Memorial Coliseum, Crypto.com Arena, and BMO Stadium, which bode well for the long-term prospects of the neighborhood. 1247 West 8th Street offers investors a compelling opportunity to acquire an asset with a strong value-add component and to capitalize on the continued westward expansion and revitalization of the Downtown submarket. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.