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 beds: 6Bathroom Information
Total Baths: 2 Full Baths: 2
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Building Information
Year Built: 1914Building Area Total: 3001Stories: 2Pool Features: NonePrivate Pool: NoView: None
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Lot Information
Main Square Feet: 5990 Lot Size Acres: 0.1375 Lot Size Square Feet: 5,990
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Listing Price Information
Listing Price: $1250000
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Tax Information
Parcel Number: 5077018002
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Virtual Tour
Parking Information
Driveway
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Location Information
Direction: East of Vermont, West of Hoover, North of James M. Wood, South of Wilshire Blvd.
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 | $1,099,999 | 3 | 3 | 1,690 | 1,690 SqFt |
| 681 Shatto Place, Los Angeles, CA, 90005 | $5,299,000 | -- | -- | 24,642 | 24,642 SqFt |
| 811 S Vermont Avenue, Los Angeles, CA, 90005 | $1,699,000 | -- | -- | 4,676 | 4,676 SqFt |
| 747 S New Hampshire Ave.., Los Angeles, CA, 90005 | $3,495,000 | -- | -- | 14,188 | 14,188 SqFt |
| 810 S Berendo Street, Los Angeles, CA, 90005 | $4,500,000 | 30 | 30 | 12,747 | 12,747 SqFt |
| 674 S Catalina Street, Los Angeles, CA, 90005 | $2,900,000 | 12 | -- | 7,472 | 7,472 SqFt |
| 749 S Berendo, Los Angeles, CA, 90005 | $1,384,000 | 1 | 2 | -- | |
| 836 S Catalina Street, Los Angeles, CA, 90005 | $2,250,000 | 8 | 8 | 5,322 | 5,322 SqFt |
| 869 Irolo Street, Los Angeles, CA, 90005 | $1,999,000 | 4 | 2 | 3,214 | 3,214 SqFt |
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ByOwner last updated this listing 08/11/2026 @ 10:33
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