2765 W 8th St, Los Angeles, CA 90005

Property Overview

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2765 W 8th St is a fully occupied fourplex in Koreatown, offered at $1,375,000 ($343,750 per unit / $311.93 per SF) at a 6.15% in-place cap rate. Originally built in 1914, the property was taken down to the studs and rebuilt in 2015, with updated plumbing, electrical, and roof systems.

All four units are three-bedroom, one-bath residences averaging 1,102 SF. That is a rare configuration in a submarket dominated by singles and one-bedrooms. Rents average $2,661 per month, within 3.23% of the $2,750 market rent, so in-place income can be underwritten with confidence. The property includes eight on-site parking spaces (a 2:1 ratio), separately metered electric and gas, and is subject to the Los Angeles Rent Stabilization Ordinance.

The 7,052 SF lot adds a path to further density. Under SB 1211, the site may support up to four detached ADUs. With a Walk Score of 96 and a Transit Score of 83, the property is within walking distance of the Wilshire and Vermont corridors and the Wilshire/Vermont Metro station.

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Key Property Details

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• Price: $1,375,000
• Units: 4
• Year Built: 1914
• Year Renovated: 2015
• Zoning: LAC2
• Parking: 8
• Occupancy: 100%

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Investment Highlights

• Fully Occupied, Rents Near Market: All four units are leased at an average of $2,661 per month against a $2,750 market rent, which puts in-place rents at 96.8% of market. The current NOI of $84,506 supports a 6.15% cap rate at the asking price without relying on turnover or repositioning.
• Rebuilt to the Studs in 2015: The 1914 building was taken down to the studs and rebuilt in 2015, with updated plumbing, electrical, and roof systems. An incoming owner inherits modern building systems and clean interiors. Buyer to independently verify scope and permit history.
• Family-Sized Units in a Small-Unit Market: All four residences are three-bedroom, one-bath units averaging 1,102 SF, in a neighborhood where rental stock skews heavily toward singles and one-bedrooms. That layout draws household renters who tend to stay longer, which supports stable occupancy and lower turnover costs.
• Eight On-Site Parking Spaces: The property provides two spaces per unit, a ratio few Koreatown buildings offer. Electric and gas are separately metered, which keeps those utility costs with the tenants.
• ADU Upside on a 7,052 SF Lot: Under SB 1211, a lot with an existing multifamily building can add detached ADUs up to its current unit count, so up to four here. Uncovered parking can be converted without replacement, making the rear lot a viable building pad. Buyer to independently verify ADU feasibility and unit count with LADBS.

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Neighborhood and Accessibility

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2765 W 8th St sits in Koreatown, one of the densest and most walkable neighborhoods in Los Angeles. The property carries a Walk Score of 96 (“Walker’s Paradise”), a Transit Score of 83, and a Bike Score of 72. The Vermont Avenue and Wilshire Boulevard commercial corridors are within walking distance, with the neighborhood’s 24-hour mix of restaurants, cafés, retail, and nightlife. Lafayette Park and MacArthur Park are both nearby for green space.

The Wilshire/Vermont Metro station is about a ten-minute walk and connects residents to the B and D Lines toward Downtown Los Angeles, Hollywood, and the Westside. Metro Local buses stop a block from the property, and Metro Rapid service runs along Wilshire Boulevard. The 110 and 101 freeways link the site to the rest of the region, and the property sits between two major job centers, the Wilshire Center office corridor and Downtown Los Angeles.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl