8th Street Apartments is a 4-unit apartment building located at 2941 W 8th Street in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1923, the property offers renters a high demand mix of four large Two-Bedroom units across 4,888 square feet of improvements on 6,252 square feet (0.14 acres) of land. On the market for the first time in over 40 years, the thoughtfully maintained property is a virtual time capsule of 1920s style, ripe for repositioning and cosmetic updating to serve the upscale tenant base of the renewed Koreatown community in the heart of Los Angeles. New ownership has the opportunity to capture nearly 33% upside (in rents) as the units turn by extensively renovating the units with new hardwood floors, kitchens cabinets & countertops, bathrooms with new vanities and modern tile, recessed lighting, stainless-steel appliances, new windows, fixtures and hardware. Unique to 8th Street Apartments are the spacious units which offer +/- 1200 square feet of living space. Utilities are separately metered for electricity and gas, and individual water heaters for each unit. Read More

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