We are pleased to present 1247 W. 8th St, a 12-unit apartment property in the highly desirable Westlake neighborhood, walking distance to financial district of Downtown Los Angeles. Built in 1910, the property is consisted of 8 one-bed units and 4 studio units. At current income, the property presents at 8.1 GRM, 6.4 CAP RATE with almost 30% upside in rents. The seasoned operator can benefit by reducing the utility expenses – monthly utility bills (DWP & Gas, Trash) at approximately $3000 per month. The experienced operator can benefit by utilizing separate utility meters in place – electric meters for each unit & gas meters for each unit. The expenses are currently at approximately $6750 per unit annually. – Very high for 12 U Apartment. Offered at 8.1 GRM and 6.4 Cap Rate going in and almost 30% upsides in rent..