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1517 W 8Th St, Los Angeles, CA 90017
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1517 W 8Th St Los Angeles, CA 90017

$3,995,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$3,995,000 Get Pre-Qualified
Map preview of 1517 W 8Th St, Los Angeles, CA 90017

Property Overview: 1517 W 8Th St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 12,889 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Ultra Efficient RTI Development Site in City West. The Plaza Apartments @ City West, a 60-unit multifamily development opportunity in the Downtown Los Angeles submarket. The project is permit-ready and will be delivered with all reports, plans and approvals to the selected Buyer. Designed with area demand and cost consideration paramount, the project is extremely efficient with an average unit size of approximately 582 square feet and no subterranean parking. The project has been subjected to rigorous underwriting and is conceptualized with an intimate understanding of the market by seasoned local experts. Construction is 7-story type III-A with at- and above-grade parking and approximately 36,000sf of rentable area. A unit mix skewed towards studios and 1-bedrooms meets local demand head-on catering to young professionals and small families looking to live as close to Downtown Los Angeles as possible.

Listed by Adam Peterson | BRE #01815802 | CB Richard Ellis, Inc.
Last checked: 9 minutes ago | Last updated: April 5th, 2024 | Source CRMLS | DOM: 26
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Home details

Lot Sq. Ft
12,889
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24373943
City
Los Angeles
County
Los Angeles
Time on Site
33 days

Open Houses for 1517 W 8Th St

No upcoming open houses

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Property Details for 1517 W 8Th St

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 5142023015
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North side of 8th St. between Union and Valencia
View more facts & features

Local Los Angeles Agent

Sale History for 1517 W 8Th St

Last sold for $2,700,000 on May 16th, 2019

  • March, 2024

  • Mar 28, 2024

    Date

    Active

    CRMLS: 24373943

    $3,995,000

    Price

  • September, 2021

  • Sep 17, 2021

    Date

    Active

    CRMLS: 21784786

    $4,995,000

    Price

  • Listing provided courtesy of CRMLS

    The Plaza Apartments @ City West, a 60-unit multifamily development opportunity in the Downtown Los Angeles submarket. The project is entitled and can be delivered permit-ready. Designed with area demand and cost consideration paramount, the project is extremely efficient with an average unit size of approximately 582 square feet and no subterranean parking. Approved mix is 34 studios, 22 1+1s, 4 3+2s and an 1150sf retail space. 7-story type III-A construction. 6 ELI units per TOC.

  • May, 2019

  • May 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,700,000

    Price

  • January, 2019

  • Jan 21, 2019

    Date

    Expired

    CRMLS: 18379900

    $3,250,000

    Price

  • Dec 19, 2018

    Date

    Price Change

    CRMLS: 18379900

    $3,250,000

    Price

  • Oct 24, 2018

    Date

    Price Change

    CRMLS: 18379900

    $3,900,000

    Price

  • Aug 27, 2018

    Date

    Active

    CRMLS: 18379900

    $4,500,000

    Price

  • Listing provided courtesy of CRMLS

    BID DEADLINE FRIDAY JANUARY 18, CALL FOR DETAILS! We are pleased to present this RTI 34-unit multifamily project in exciting City West, DTLA adjacent. Just reduced over 1MM ($59k/buildable unit unentitled, $95k/buildable RTI). The offering includes 1517 & 1521 W. 8th Street (parcels 5142-023-003 and 5142-023-004) for a total of 12,889 square feet of LAC2-2D land. The site is available as a "Ready to Issue Permits", 34-unit by-right project. The entitled plan is all market-rate, includes an attractive unit mix of large 1+1 and 2+2 units and is fully-parked. Additionally, the City's Transit Oriented Communities (TOC) Affordable Housing Incentive Program allows for an up to 70% bonus beyond the by-right density at this location. Up to 55 units can be built should a purchaser choose to re-entitle taking advantage of TOC's incentives. Approved plans and reports are available, contact listing team or visit property website.

  • March, 2018

  • Mar 5, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1517 W 8Th St

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,377,000 -- --

Home Value Compared to the Market

This property vs the competition

1517 W 8Th St is listed 223.22% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000.

About 1517 W 8Th St

Detailed summary of property

1517 W 8Th St is a land located in Los Angeles, CA 90017 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 12,889 square foot lot. 1517 W 8Th St was first listed on ArdentRealEstateGroup.com on March 28, 2024. The homeowner is currently asking $3,995,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 223.22% higher than the median priced home. Local competing homes currently for sale include 6011 York Blvd, 1700 Viewmont Dr and 2004 Sunset Plaza Dr. While the average home in Los Angeles, CA is selling in 96 days, 1517 W 8Th St has a days on market of 26 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 1517 W 8Th St Los Angeles, CA 90017 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1517 W 8Th St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
6,000
Lot Size
6,458
Stories
--
Type
Parking Lot
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5142-023-003

The source for these homes facts are from public records.

90017 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$639,999
Median List Price/Sq.Ft.
$719
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$634
Total Inventory
90
Median Sale to List Price %
95.24%
Avg Days on Market
41
Loan Type
Conventional (25%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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