2214-2232 W 8th St - Apartments FOR SALE


Los Angeles, CA 90057- MacArthur Park
$1,350,000 USD
323-376-2469
2214-2232 W 8th St, Los Angeles, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/7
null | 6.32% Cap Rate

2214-2232 W 8th St
Los Angeles, CA 90057
MacArthur Park


HIGHLIGHTS

  • First Time on the Market in 30 Years
  • Walking Distance to MacArthur Park
  • Approximately 42% Rental Upside
  • Almost Entirely Two-Bedroom Units
  • Offered at $154 Per Square Foot

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

9

PRICE/UNIT

$150,000

CAP RATE

6.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,318 SF

ZONING

C2-4, Los Angeles

APN/PARCEL ID

5141-022-017

ASK ABOUT THIS PROPERTY

Andres DiazKW CommercialMore Info
323-376-2469

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Andres DiazKW CommercialMore Info
323-376-2469

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.