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2961 W 8th Street, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:CENTURY 21 Coastal Properties
2961 W 8th Street,Los Angeles, CA 90005
$1,250,000
  • 6 Beds
  • 2 Baths
  • 3,001 sq. ft.
  • Single family
  • Active
Listed by: daniel shamooelian
Office: keller williams beverly hills310-432-6400
MLS#:26845909
Source:CRMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$416.53

About this home

Exceptional opportunity in the heart of Koreatown! Located within a designated Opportunity Zone and benefiting from R4-2 zoning with TOC Tier 3 incentives, 2961 W 8th Street offers investors and developers significant upside in one of Los Angeles' most active rental and redevelopment markets. The property features an approximately 3,000 SF, 6-bedroom, 2-bathroom residence situated on a 5,990 SF lot. The existing home offers significant square footage and multiple possibilities for renovation, repositioning, multi-generational living, rental income, or interim cash flow while planning future development. A major highlight of the offering is the inclusion of RTI (Ready-to-Issue) plans for a 100% affordable 44-unit apartment development consisting of 43 one-bedroom units and 1 studio unit. Offered at approximately $28,500 per approved unit, the property presents a rare opportunity for developers to immediately move forward with a fully approved project in one of Los Angeles' strongest...

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Home facts

  • Year built:1914
  • Listing ID #:26845909
  • Added:49 day(s) ago
  • Updated:July 31, 2026 at 11:07 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:3,001 sq. ft.

Structure and exterior

  • Year built:1914
  • Building area:3,001 sq. ft.
  • Lot area:0.14 Acres
  • Architectural Style:Craftsman
  • Levels:2 Story

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$416.53

Features and amenities

  • Laundry features:Inside

Parking

  • Parking description:Driveway
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Coastal Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Coastal Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Jennette Toderick

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