1247 W 8th St — Sale in Los Angeles, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Los Angeles, CA 90017
Photos
Investment Figures
- Cap rate
- 7.69%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus and Millichap is pleased to present a twelve (12) unit apartment building located at 1247 W 8th St in Los Angeles, California. The subject property is located in a solid Westlake location, north of Olympic Blvd and west of Union Ave. Located in the Westlake neighborhood adjacent to Downtown Los Angeles, 1247 W 8th St features a solid unit mix of four studio units and eight one-bedroom units, with one unit delivered vacant and approximately 30% rental upside potential. The asset is separately metered for gas and electricity, features new electric panels, and operates as a strong cashflow investment at approximately 170 basis points above current debt. Residents benefit from immediate access to the 110 Freeway, Metro A and B Lines, major commercial corridors, and nearby amenities including MacArthur Park, LA Live, Crypto.com Arena, dining destinations, entertainment venues, grocery options, and nightlife throughout Downtown Los Angeles and surrounding neighborhoods. With its central Westlake location, solid unit mix, immediate transit and freeway access, one vacant unit, and solid rental upside potential, the property offers investors a compelling opportunity to capitalize on long-term multifamily demand near Downtown Los Angeles. Investment Highlights: • Solid Westlake Location - DTLA Adjacent • One Unit Delivered Vacant • Only $108k/Unit • Solid Rental Upside (+30%) • Property Separately Metered for Gas and Electric • Elite Cashflow Play Operating at ~170 BPS Above Current Debt • New Electric Panels • Within Walking Distance to LA Live Entertainment District
Market Context
This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 7.7% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.
Contact
- Jason Tuvia · (818) 212-2735 · jason.tuvia@marcusmillichap.com
- Kian Maronde · (818) 212-2651 · kmaronde@marcusmillichap.com
- Sharone Sabar · (818) 212-2714 · sharone.sabar@marcusmillichap.com
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