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1214 W 8th Street

Los Angeles, CA 90017
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Bed 0

Bed

Bath 0

Bath

SqFt12,936

Sqft

SqFt8,118

Sqft(Lot)

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 serve d 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,685,000

AD Id : 87407407

MLS Id : 26854765

Lot Size : 8,118 Sqft

Living Area Size : 12,936

Year Built : 1923

County : Los Angeles

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Feature Features

  • Heating & Cooling

    Heating: None Cooling: None

  • Building Information

    Year Built: 1923
    Building Area Total: 12936
    Private Pool: No

  • Lot Information

    Lot Dimensions: 52x155 Main Square Feet: 8118 Lot Size Acres: 0.1864 Lot Size Square Feet: 8,118

  • Listing Price Information

    Listing Price: $3685000

  • Tax Information

    Parcel Number: 5143002010

  • Location Information

    Direction: W 8th Street at Garland, north of James M Wood Blvd & just west of 110 FWY
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1344 W 4th Street, Los Angeles, CA, 90017 $3,995,000 -- 20 7,700 7,700 SqFt
801 S Grand #1611, Los Angeles, CA, 90017 $749,000 2 2 1,580 1,580 SqFt
410 Witmer Street, Los Angeles, CA, 90017 $1,825,000 -- 20 7,999 7,999 SqFt
316 Columbia Avenue, Los Angeles, CA, 90017 $2,250,000 11 8 4,444 4,444 SqFt
401 Witmer Street, Los Angeles, CA, 90017 $3,150,000 6 -- 8,776 8,776 SqFt
1100 Wilshire Boulevard.., Los Angeles, CA, 90017 $465,000 1 1 680 680 SqFt
415 Loma Drive, Los Angeles, CA, 90017 $1,795,000 10 9 5,404 5,404 SqFt
877 Francisco Street #1.., Los Angeles, CA, 90017 $775,000 1 2 975 975 SqFt
517 Loma, Los Angeles, CA, 90017 $3,200,000 -- -- 8,704 8,704 SqFt
889 Francisco Street #3.., Los Angeles, CA, 90017 $498,000 -- 1 480 480 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information 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 Miami Association of REALTORS® 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 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/26/2026 @ 09:33

MLS: 26854765 LISTED BY: Neema Ahadian, Marcus & Millichap 310-909-5500 SOURCE: CRMLS

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