Listed by Keller Williams Downtown Los Angeles
$1,350,000
2214 W 8th
Details
APN 5141022017
Property Type Multifamily
Sub Type Apartment Building
Units 9
Cap Rate 6.32%
Buildings 2
Acreage 0.168
Zoning Assessor
Multifamily | 6.32% CAP | 9 Units
Marketing description
2214 W. 8th Street is a nine (9) unit apartment complex located in the Westlake neighborhood of Los Angeles. The property sits one block away from MacArthur Park and the Westlake/MacArthur Park Metro Line. Tenants have easy access to a multitude of dining and entertainment options within walking distance. The opportunity consists of seven (7) large two-bedroom units and two (2) spacious one-bedroom units spread across 8,760 rentable square feet. Each unit is separately metered for gas and select units have their own private balconies. While the units have been kept in good condition over the decades, there is approximately 42% rental upside that can be achieved as the units turnover.
Listing Contacts
Listed by Keller Williams Downtown Los Angeles
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