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2933 W 8Th St, Los Angeles, CA 90005
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2933 W 8Th St Los Angeles, CA 90005

$6,875,000 Sold Price as of 05/22/2019
  • 8 Beds
  • 40 Baths
  • 22,680 Sq.Ft.
Sold
$6,875,000 Sold Price as of 05/22/2019 Refinance Your Mortgage
Map preview of 2933 W 8Th St, Los Angeles, CA 90005

Property Overview: 2933 W 8Th St Los Angeles, CA has 8 bedrooms, 40 bathrooms, 22,680 living square feet and 7,506 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2933 W 8th Street is a charming, well-maintained 40-unit apartment building located in Koreatown, a highly desirable submarket of Los Angeles. The Property features a favorable unit mix of 32 studios and 8 1+1 units, presenting the opportunity for an investor to acquire a well-maintained asset with the potential to add value through additional renovations. 21 of the 40 units have been extensively renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, new kitchen cabinets and tile backsplashes, new fixtures, new paint, new based moldings, and energy efficient LED lighting, and 2 of the units have been partially renovated. Exterior and building upgrades include a new roof, boiler, solar thermal system, newly painted hallways with LED lights, and a renovated elevator cab. The Property is located in an amenity rich location, near entertainment, shopping, hotels, and restaurants along with local transportation.

Listed by Janet Neman | BRE #01069127 | Kidder Mathews of California,
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
7,506
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19436120
City
Los Angeles
County
Los Angeles
Time on Site
1224 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 40
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 32
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,126
  • Total Rent: $46,510
  • Pro Forma/Market Rent: $1,295
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,311
  • Total Rent: $54,200
  • Pro Forma/Market Rent: $1,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.57%
  • Gross Rent Multiplier: 12.54
  • Gross Scheduled Income: --
  • Net Operating Income: $324,257
  • Gross Operating Income: $549,330
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2933 W 8Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Elevator
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 40
  • Parcel Number: 5077018006
Location / Neighborhood
Location Information
  • Directions: South of Wilshire Boulevard and East of Vermont Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 2933 W 8Th St

Last sold for $6,875,000 on May 22nd, 2019

  • May, 2019

  • May 28, 2019

    Date

    Sold

    CRMLS: 19436120

    $6,875,000

    Price

  • Mar 25, 2019

    Date

    Active Under Contract

    CRMLS: 19436120

    $7,100,000

    Price

  • Feb 20, 2019

    Date

    Active

    CRMLS: 19436120

    $7,100,000

    Price

  • May, 2019

  • May 22, 2019

    Date

    Sold (Public Records)

    Public Records

    $6,875,000

    Price

  • July, 2014

  • Jul 23, 2014

    Date

    Sold (Public Records)

    Public Records

    $3,805,038

    Price

Show More

Tax History for 2933 W 8Th St

Assessed Value (2020): $7,024,500
Year Land Value Improved Value Assessed Value
2020 $5,610,000 $1,414,500 $7,024,500

Home Value Compared to the Market

This property vs the competition

2933 W 8Th St sold on May 22, 2019 for 496.64% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $313.05 per/sqft which puts the price per square foot 58.54% lower than the current median sale per square foot for the city of Los Angeles.

About 2933 W 8Th St

Detailed summary of property

2933 W 8Th St is a multi family that recently sold in Los Angeles, CA 90005. This multi family property offered 8 bedrooms, 40 bathrooms, roughly 22,680 living square feet, and sits on an approximately 7,506 square foot lot. 2933 W 8Th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $6,875,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 496.64% higher than the current median priced home. Local homes that are currently for sale include 1445 N Avenue 47, 3704 Glendon Ave and 11503 S New Hampshire Ave. While the average home in Los Angeles, CA is selling in 93 days, 2933 W 8Th St has a days on market of 22 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 2933 W 8Th St Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2933 W 8Th St

Public county record property details
Beds
6
Baths
--
Year built
1928
Sq. Ft.
22,680
Lot Size
7,506
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
5077-018-006

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$629
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$621
Total Inventory
35
Median Sale to List Price %
100.14%
Avg Days on Market
62
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (16.67%), 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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