
Courtesy of: John Chelius, Property Works RE, Inc., john@montlakere.com
$1,450,000
|
12 bed
|
|
8.00 Bath (8 Full)
|
|
Lot: 0.14 Acres
|
|
Apartment
|
$1,450,000
2765 W 8th 2765 W 8th St - a fully renovated four-unit apartment building in the heart of Koreatown, offered at $1, 450, 000 ($362, 500/unit) at a 5.84% current cap and 6.48% pro forma. Rare all-three-bedroom unit mix: four spacious 3BR/2BA homes of ~1, 102 SF each with updated kitchens and baths. The 2015 gut renovation replaced the major systems - electrical wiring and subpanels, plumbing and drain lines, roof, and windows - plus a full interior refresh, meaning minimal near-term capex for the next owner. Eight secured on-site parking spaces in a rear lot, a genuine rarity in K-Town. In-place rents sit within ~7% of market, so RSO caps have limited near-term impact on yield. Major upside: SB 1211 permits up to four detached ADUs on the rear lot by ministerial approval with no replacement parking required. Below the $5M Measure ULA threshold. ~0.6 mi to Metro Wilshire/Vermont; minutes to DTLA, Hollywood, and the Westside. Buyer to verify all information.
Courtesy of: John Chelius, Property Works RE, Inc., john@montlakere.com
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.