6022 W 8th St - Multi-Family FOR SALE


Los Angeles, CA 90036- Beverly Grove
$2,740,000 USD
818-390-4181
6022 W 8th St, Los Angeles, CA for Sale
$2,740,000 USD
Multi-Family - FOR SALE
1/28
null | 5.37% Cap Rate

6022 W 8th St
Los Angeles, CA 90036
Beverly Grove


HIGHLIGHTS

  • Walkable to Major Retail & Cultural Destinations—Steps from The Grove, The Original Farmers Market, LACMA, the Petersen Automotive Museum, Trader Joes
  • Additional Income from Six Garages — Six on-site garages currently provide a separate and consistent ancillary revenue stream
  • On-Site Laundry Facility — Centralized laundry room offers tenant convenience while generating additional passive income
  • ADU Potential — Opportunity to further increase income through the addition of accessory dwelling units (buyer to verify)
  • Operational Upside — Potential to increase overall cash flow through rental adjustments and optimization of ancillary income streams
  • Prime Miracle Mile Location — Positioned in one of Los Angeles’ most desirable and centrally located neighborhoods, known for strong rental demand

OVERVIEW

Set within one of Los Angeles’ most established Westside multifamily corridors, 802 S Orange Grove Ave & 6022 W 8th St is an eight-unit asset in the Miracle Mile neighborhood. The property benefits from immediate proximity to some of the city’s most sought-after retail, dining, and cultural destinations, including The Grove, The Original Farmers Market, Museum Row, the La Brea Tarpits and other attractions. There is also a new Metro subway stop opening soon that is less than one block away. The property consists of eight residential units complemented by six on-site garages, which provide a current separate and consistent income stream. Additionally, the asset features a centralized laundry room, further enhancing supplemental income while improving tenant convenience. The combination of in-place rental income and ancillary revenue streams offers stable day-one cash flow. From an investment perspective, the asset presents a compelling opportunity with both current income and significant future upside. New ownership can capitalize on rental growth potential, ADU development opportunities, and further optimization of garage and laundry income. With strong demand for housing in Miracle Mile and continued neighborhood growth driven by transit expansion and retail demand, 802 S Orange Grove Ave & 6022 W 8th St offers investors a well-positioned asset with meaningful long-term appreciation and income growth potential.

FOR SALE DETAILS

PRICE

$2,740,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

8

PRICE/UNIT

$342,500

CAP RATE

5.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

802 S ORANGE GROVE AVE & 6022 W 8TH ST

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

5086-011-010

ASK ABOUT THIS PROPERTY

Eli AppelEquity Union CommercialMore Info
818-390-4181

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Eli AppelEquity Union CommercialMore Info
818-390-4181

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