1231 W 8th St

For Sale

1231 W 8th St, Los Angeles, CA 90017

This Los Angeles property for sale is located at 1231 W 8th St. The current listed sale price for 1231 W 8th St is $1,400,000. 1231 W 8th St is situated on a lot that is 0.13 acre in size.

Contacts

broker

Robert Leveen

Lee & Associates - Pasadena

Property Details

  • Property Type Multi-Family
  • Property Size 7,143 SF
  • Units 22
  • Lot Size 0.13 Acre
  • Additional Rent Contact for pricing
  • Year Built 1907
  • Date Updated Oct 11, 2024
Downtown Los Angeles is a melting pot of unique neighborhoods, each with its own distinct personality and charm. From the bustling streets of Chinatown to the colorful and vibrant Little Tokyo, visitors can explore a variety of cultures and traditions. The Arts District is a hub for contemporary art, with world-renowned museums and galleries showcasing cutting-edge works. The area is also home to some of the city’s most popular restaurants and bars, offering a diverse range of dining and nightlife options. Amidst the modern high-rises, visitors can also find historic landmarks such as El Pueblo de Los Angeles, the birthplace of the city in 1781. The crown jewel of the Music Center performing arts complex is the Walt Disney Concert Hall, with its iconic steel architecture designed by Frank Gehry.Lee & Associates Fiduciary Advisory Services Group is pleased to present 1231 W 8th Street, a 22 unit SRO (Single Room Occupancy) property located in the Westlake district of Los Angeles. The property is being marketed on behalf of the Court Appointed Receiver. The property is comprised of eighteen x SROs, and four x SRO with private ¾ bath and currently 50% occupied. There are four communal bathrooms, a communal kitchen, and laundry room. Constructed in 1907, the property has ±7,143 rentable square feet, and is situated on a ±5,507 square foot parcel. The property is master metered for all utilities. The property is subject to city of Los Angeles Rental Stabilization Ordinance, and is in REAP (Rent Escrow Account Program). The offering is a value add opportunity for an astute investor-operator to implement a turnaround program, cure the REAP, and lease up. The Receiver has full authority to sell the property subject to court confirmation and overbid. Please contact listing agents for more information and to schedule a tour.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Receivership Sale
  • Value Add SRO through aggressive management and lease up
  • Well located asset adjacent to Downtown Los Angeles

Attachments

Getting around

  • 93/100

    Walk Score ®

  • 96/100

    Transit Score ®

  • 75/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Los Angeles, CA
  • Neighborhood Westlake
  • Zip Code 90017
  • Market Los Angeles

Points of Interest

  • 7th Street/Metro Center

    0.52 miles

  • 7th Street/Metro Center

    0.59 miles

  • 7th Street/Metro Center Station

    0.60 miles

  • Westlake/MacArthur Park

    0.63 miles

  • Pershing Square

    0.98 miles

  • Grand Avenue Arts/Bunker Hill

    1.04 miles

  • Olive Street

    1.04 miles

  • Pershing Square

    1.04 miles

  • Hill Street

    1.08 miles

  • Grand/LATTC

    1.20 miles

  • 76

    0.32 miles

  • 76

    0.36 miles

  • Shell

    0.67 miles

  • Chevron

    1.12 miles

  • Chevron

    1.14 miles

  • Chevron

    1.22 miles

  • 76

    1.34 miles

  • Arco

    1.37 miles

  • Arco

    1.37 miles

  • Shell

    1.39 miles

  • FIGat7th

    0.35 miles

  • West Garage

    0.37 miles

  • East Garage

    0.41 miles

  • The Metropolitan Apartments Parking Garage

    0.56 miles

  • Metro Kiss and Ride

    0.59 miles

  • Bond Lot

    0.63 miles

  • Employee Lot

    0.64 miles

  • Dillingham lot

    0.70 miles

  • Westin Bonaventure Hotel Parking Garage

    0.74 miles

  • 444 South Flower Parking Garage

    0.77 miles

  • The Mayfair Hotel

    0.12 miles

  • City Center Motel

    0.22 miles

  • Hotel Indigo

    0.32 miles

  • Residence Inn

    0.35 miles

  • Hotel Solaire

    0.35 miles

  • Courtyard

    0.36 miles

  • The Ritz-Carlton

    0.36 miles

  • JW Marriott Los Angeles L.A. Live

    0.37 miles

  • Figueroa Hotel

    0.43 miles

  • Staples Centre Inn

    0.48 miles

  • Target

    0.43 miles

  • Smart & Final

    0.43 miles

  • Grocery Outlet

    0.43 miles

  • FIGat7th

    0.43 miles

  • L.A. Live

    0.45 miles

  • Food 4 Less

    0.48 miles

  • Ralphs

    0.56 miles

  • Macy's

    0.58 miles

  • The Bloc

    0.59 miles

  • Whole Foods Market

    0.70 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Robert Leveen

Lee & Associates - Pasadena