2961 W 8th Street
Los Angeles, CA 90005
6
Bed
2
Bath
3,001Sqft
5,990Sqft(Lot)
Exceptional opportunity in the heart of Koreatown! Located within a designated Opportunity Zone and benefiting from R4-2 zoning with TOC Tier 3 incentives, 2961 W 8th Street offers investors and developers significant upside in one of Los Angeles' most active rental and redevelopment markets. The property features an approximately 3,000 SF, 6-bedroom, 2-bathroom residence situated on a 5,990 SF lot. The existing home offers significant square footage and multiple possibilities for renovation, repositioning, multi-generational living, rental income, or interim cash flow while planning future development. A major highlight of the offering is the inclusion of RTI (Ready-to-Issue) plans for a 100% affordable 44-unit apartment development consisting of 43 one-bedroom units and 1 studio unit. Of
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 6Bathroom Information
Total Baths: 2 Full Baths: 2 Half Baths: 0 -
Interior Features
Fireplace: None Furnished Description: Unfurnished -
Fireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1914 Building Area Total: 3,001 -
Pool Features
NoneLaundry Features
Inside
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1375 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5990
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Listing Price Information
Original List Price: 1,250,000 Listing Contract Date: 2026-06-10 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5077018002
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Garage and Parking
Garage Description: DrivewayHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Postal Code Plus 4: 1525 Directions: East of Vermont, West of Hoover, North of James M. Wood, South of Wilshire Blvd. Zoning: LAR4 Source Property Type: Residential Area: C17 - Mid-Wilshire Property SubType: Single Family Residence -
Building and Construction
Property Age: 112 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Vendor Enhanced Total Square Feet Living: 3001 Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 830 S Hoover Street, Los Angeles, CA, 90005 | $2,495,000 | 6 | -- | 8,080 | 8,080 SqFt |
| 2939 Leeward #212, Los Angeles, CA, 90005 | $1,199,999 | 3 | 3 | 1,690 | 1,690 SqFt |
| 681 Shatto Place, Los Angeles, CA, 90005 | $5,299,000 | -- | -- | 24,642 | 24,642 SqFt |
| 674 S Catalina Street, Los Angeles, CA, 90005 | $2,900,000 | 12 | -- | 7,472 | 7,472 SqFt |
| 743 S Berendo Street, Los Angeles, CA, 90005 | $3,200,000 | 12 | -- | 9,955 | 9,955 SqFt |
| 836 S Catalina Street, Los Angeles, CA, 90005 | $2,250,000 | 8 | -- | 5,322 | 5,322 SqFt |
| 741 S Hobart Boulevard, Los Angeles, CA, 90005 | $3,999,000 | 15 | -- | 11,230 | 11,230 SqFt |
| 705 S Gramercy Place, Los Angeles, CA, 90005 | $1,490,000 | 6 | -- | 3,640 | 3,640 SqFt |
| 838 S Gramercy Place, Los Angeles, CA, 90005 | $1,790,000 | 11 | -- | 6,324 | 6,324 SqFt |
| 4016 Ingraham, Los Angeles, CA, 90005 | $799,000 | 5 | 2 | 2,902 | 2,902 SqFt |
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ByOwner last updated this listing 06/16/2026 @ 13:29
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