1231 W 8th St

1231 W 8th St, Los Angeles, CA 90017

  • For Sale $1,400,000
  • 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.

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Attachments

Highlights

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

Contacts

broker

Robert Leveen

Lee & Associates - Pasadena

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise

  • Transit Score ®

    96/100 Rider's Paradise

  • Bike Score ®

    75/100 Very Bikeable
Powered by Walk Score ®
  • City Los Angeles, CA
  • Neighborhood Westlake
  • Zip Code 90017
  • Market Los Angeles

Points of Interest

  • 7th Street/Metro Center

    0.59 miles

  • Westlake/MacArthur Park

    0.63 miles

  • Pico

    0.69 miles

  • Pershing Square

    1.04 miles

  • Wilshire/Vermont

    1.52 miles

  • Chinatown

    2.10 miles

  • Chinatown Station

    2.10 miles

  • Vermont/Beverly

    2.25 miles

  • Expo Park/USC

    2.43 miles

  • Mariachi Plaza Metro Station Entrance

    2.84 miles

  • 76

    0.32 miles

  • Shell

    0.67 miles

  • Chevron

    1.12 miles

  • Chevron

    1.14 miles

  • Chevron

    1.22 miles

  • Arco

    1.37 miles

  • Arco

    1.37 miles

  • Shell

    1.39 miles

  • Shell

    1.43 miles

  • Chevron

    1.65 miles

  • West Garage

    0.37 miles

  • The Metropolitan Apartments Parking Garage

    0.56 miles

  • Metro Kiss and Ride

    0.59 miles

  • Dillingham lot

    0.70 miles

  • Westin Bonaventure Hotel Parking Garage

    0.74 miles

  • 444 South Flower Parking Garage

    0.77 miles

  • City National Plaza Parking Garage

    0.80 miles

  • PacMutual Parking Garage

    0.84 miles

  • 333 South Hope Parking Garage

    0.85 miles

  • Venice Parking Garage

    0.86 miles

  • The Mayfair Hotel

    0.12 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

  • InterContinental Los Angeles Downtown

    0.49 miles

  • Great Thai

    0.15 miles

  • WP24 by Wolfgang Puck

    0.36 miles

  • Trader Vic's

    0.41 miles

  • Yard House

    0.41 miles

  • La Guadalupana

    0.41 miles

  • Chipotle

    0.42 miles

  • Rodeo Mexican Grill

    0.42 miles

  • Original Pantry Cafe

    0.43 miles

  • Mr. Masala

    0.45 miles

  • Rock N Fish

    0.45 miles

  • Immaculate Conception School

    0.15 miles

  • Loyola University

    0.17 miles

  • Cambria Adult School

    0.17 miles

  • John H. Liechty Middle School

    0.27 miles

  • Tenth Street Elementary School

    0.33 miles

  • Esperanza Elementary School

    0.36 miles

  • Bishop Johnson College of Nursing

    0.36 miles

  • Golden Gate University

    0.47 miles

  • Hollywood College School of Chiropractic

    0.56 miles

  • Evelyn Thurman Gratts Elementary School

    0.62 miles

  • HIC Daycare

    1.96 miles

  • Ralph M. Parsons Preschool

    2.92 miles

  • Komitas

    3.62 miles

  • Neighborhood Nursery School

    3.71 miles

  • Gates Early Education Center

    3.95 miles

  • Vernon Adult Day Program

    4.26 miles

  • Vine Street Early Education Center

    4.31 miles

  • Centro de Ninos

    6.25 miles

  • Play Mountain Place

    6.29 miles

  • Valentina's Preschool

    6.37 miles

Frequently Asked Questions

How much does 1231 W 8th St cost?

The space currently listed for sale at 1231 W 8th St asks for $1,400,000.

What is the total square footage of 1231 W 8th St?

1231 W 8th St totals 7,143 square feet.

When was this property built?

1231 W 8th St was built in 1907.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Robert Leveen

Lee & Associates - Pasadena