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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 : Residential Income

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

  • Bedroom Information

    Total Bedrooms: 0

    Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0
  • Cooling Features

    None Air Conditioning

    Heating Source

    None Has Heating

  • Building Information

    Year Built: 1923 Building Area Total: 12,936

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1864 Lot Size Dimensions: 52x155
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 8118

  • Listing Price Information

    Original List Price: 3,685,000 Listing Contract Date: 2026-07-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5143002010

  • Garage and Parking

    Garage Description: None

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Postal Code Plus 4: 4410 Directions: W 8th Street at Garland, north of James M Wood Blvd & just west of 110 FWY Zoning: LACW Source Property Type: Residential Income Area: C42 - Downtown L.A.
  • Building and Construction

    Property Age: 103 Year Built Source: Vendor Enhanced Total Square Feet Living: 12936 Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
801 S Grand #1611, Los Angeles, CA, 90017 $749,000 2 2 1,580 1,580 SqFt
318 Columbia Avenue, Los Angeles, CA, 90017 $2,250,000 11 -- 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 $475,000 1 1 680 680 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
1311 Ingraham Street, Los Angeles, CA, 90017 $1,750,000 1 -- 10,380 10,380 SqFt
767 Garland Avenue, Los Angeles, CA, 90017 $1,000,000 5 2 4,410 4,410 SqFt
717 Columbia Avenue, Los Angeles, CA, 90017 $3,330,000 -- -- 9,936 9,936 SqFt

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ByOwner last updated this listing 07/04/2026 @ 09:40

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

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