1214 W 8th Street, Los Angeles, CA 90017
Local realty services provided by:CENTURY 21 Masters
1214 W 8th Street,Los Angeles, CA 90017
$3,685,000
- - Beds
- - Baths
- 12,936 sq. ft.
- Multi-family
- Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26854765
Source:CRMLS
Price summary
- Price:$3,685,000
- Price per sq. ft.:$284.86
About this home
We are pleased to present 1214 W 8th Street, a 37-unit SRO apartment building in the Westlake submarket of Los Angeles. Situated along a primary connector between Downtown LA and the surrounding neighborhoods, the property offers immediate freeway access and a perfect 100 Transit Score. Built in 1923 as a 39-room hotel and converted to residential use in 2010, the property received new tile flooring, doors, sinks and faucets, fresh paint, smoke detectors, and a security system at the time of conversion. The building has operated as a stabilized income-producing asset for over a decade since. The unit mix includes 21 SRO units with shared bathrooms and16 SRO units with private en-suite bathrooms, plus one retail space along 8th Street currently occupied by a mini market. Each floor is served by two bathrooms and two shower rooms for shared bathroom tenants. Additional building features include a large lobby, a ground-floor leasing office, and a basement storage area approximately one-quarter the size of the building footprint, which is not reflected in the recorded 12,936 SF. At the asking price of $3,685,000, the property is offered at $99,595 per unit and $284 per square foot, generating a current cap rate of 8.91% and a 6.63 GRM on in-place income. Income is further supplemented by a large billboard with direct 8th Street frontage and the ground-floor retail space, both of which contribute to the overall revenue profile and provide upside as leases turn. Westlake benefits from persistent renter demand anchored by proximity to Downtown LA employment, major healthcare institutions, and one of the most extensive public transit networks in the region. The submarket draws a stable, transit-oriented renter base and has historically maintained strong occupancy through varying market conditions.1214 W 8th Street is a well-located, cash-flowing SRO asset offered at an attractive basis with strong day-one returns and a clear path to increased income through rent-to-market. It represents a compelling opportunity for an investor seeking durable yield in one of Los Angeles' most supply-constrained urban submarkets....
Contact an agent
Home facts
- Year built:1923
- Listing ID #:26854765
- Added:29 day(s) ago
- Updated:July 31, 2026 at 11:07 AM
Rooms and interior
- Living area:12,936 sq. ft.
Structure and exterior
- Year built:1923
- Building area:12,936 sq. ft.
- Lot area:0.19 Acres
Finances and disclosures
- Price:$3,685,000
- Price per sq. ft.:$284.86
New listings near 1214 W 8th Street
- New
$3,678,000Active4 beds 5 baths4,996 sq. ft.8045 Bulwer Drive, Los Angeles, CA 90046
MLS# 26866553Listed by: SOTHEBY'S INTERNATIONAL REALTY - New
$1,975,000Active3 beds 2 baths1,596 sq. ft.8550 Ridpath Drive, Los Angeles, CA 90046
MLS# 26866555Listed by: COMPASS - New
$1,389,000Active-- beds -- baths1,995 sq. ft.4363 Eagle Rock, Los Angeles, CA 90041
MLS# CV26167138Listed by: ALIGN HOMES - Coming Soon
$398,000Coming Soon2 beds 2 baths20253 Keswick Street #331, Winnetka, CA 91306
MLS# GD26167123Listed by: THE ART IN REAL ESTATE - New
$1,149,800Active5 beds 3 baths2,545 sq. ft.12931 El Dorado Ave, Sylmar, CA 91342
MLS# SR26165873Listed by: BEVERLY AND COMPANY, INC. - New
$269,000Active2 beds 2 baths1,552 sq. ft.8801 Eton Avenue #86, Canoga Park, CA 91304
MLS# FR26165309Listed by: DOMBROSKI REALTY - New
$120,000Active1 beds 1 baths624 sq. ft.20315 Denker Ave #37, Torrance, CA 90501
MLS# PW26160516Listed by: KELLER WILLIAMS COASTAL PROP. - New
$489,900Active3 beds 2 baths1,145 sq. ft.9600 Sylmar Avenue #19, Panorama City, CA 91402
MLS# SR26149169Listed by: MCRES PROPERTIES - Open Sun, 12 to 3pmNew
$999,000Active3 beds 2 baths1,755 sq. ft.5614 Oso Avenue, Woodland Hills, CA 91367
MLS# SR26166789Listed by: RODEO REALTY - Open Sat, 12 to 2pmNew
$9,500,000Active7 beds 11 baths11,250 sq. ft.17528 Jayden Lane, Encino, CA 91316
MLS# SR26167101Listed by: KELLER WILLIAMS REALTY CALABASAS