2961 West 8th Street
2961 West 8th Street
$1,200,000
5,990 / 0.14
Sold 1/31/24
Description
2961 W 8th Street a unique opportunity to acquire an exceptional and highly visible location on the main thoroughfare of 8th Street zoned R4-2-Tier 3 in the heart of Koreatown. The subject property totals 5,990 SF gross land area in the prime Koreatown neighborhood on 8th Street between Vermont Ave and S Westmoreland Ave. The owner is currently occupying the property; however, it can be delivered vacant at closing. 2961 W 8th Street offers an investor a residential redevelopment opportunity in one...2961 W 8th Street a unique opportunity to acquire an exceptional and highly visible location on the main thoroughfare of 8th Street zoned R4-2-Tier 3 in the heart of Koreatown. The subject property totals 5,990 SF gross land area in the prime Koreatown neighborhood on 8th Street between Vermont Ave and S Westmoreland Ave. The owner is currently occupying the property; however, it can be delivered vacant at closing. 2961 W 8th Street offers an investor a residential redevelopment opportunity in one of the most desirable submarkets in all of Los Angeles.. Over the last decade, the area has seen significant year-over-year population growth due to a revitalization of the neighborhood and its central location, within 3 miles of DTLA, and USC. A high Walkscore of 96; this location is a walker's paradise located in prime Koreatown with a short eight-minute walk to the Wilshire / Vermont Station stop and near newly renovated MacArthur Park.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 2961 West 8th Street
Zoning
LAR4
Parcel Number5077018002
AreaMid-Wilshire (C17)
Lot Size Area5990
Source Lot Size AreaVendor Enhanced
Assessor Parcel Number5077-018-002
DirectionsJust east of Vermont Ave on 8th Street between Magnolia Blvd and Camarillo Street
Location
LISTING UPDATED: 01/31/2024 05:40 PM
Property Details for 2961 West 8th Street
Status | Sold |
---|---|
MLS # | 22-179263 |
Days on Market | 75 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.14 AC |
County | Los Angeles County |
Location
Building Information for 2961 West 8th Street
Lot Size0.14 AC
Payment Calculator
$7,027 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2961 West 8th Street
Property History for 2961 West 8th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2961 West 8th Street
Taxable ValueLand$425,973Additions$7,090Total$433,063
Tax Record2023$5,735 ($478 / month)
Home Facts
Beds6Total Finished SqFt3,001 SqFtAbove Grade Finished SqFt3,001 SqFtLot Size5,990 SqFtStyleSingle Family ResidenceYear Built1914ZoningLAR4CountyLOS ANGELESAPN5077-018-002
Schools near 2961 West 8th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 12 | |||
Public - | K to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
UCLA Community School PublicK to 12 | ||
Rfk Community Schools-New Open World Academy K-12 PublicK to 12 | ||
Young Oak Kim Academy Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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