Property Detail
Description
We are pleased to present a twelve (12) unit apartment building located at 1247 W 8th St in Los Angeles, California. The subject property is located in a solid Westlake location, north of Olympic Blvd and west of Union Ave. Located in the Westlake neighborhood adjacent to Downtown Los Angeles, 1247 W 8th St features a solid unit mix of four studio units and eight one-bedroom units, with one unit delivered vacant and approximately 30% rental upside potential. The asset is separately metered for gas and electricity, features new electric panels, and operates as a strong cashflow investment at approximately 170 basis points above current debt. Residents benefit from immediate access to the 110 Freeway, Metro A and B Lines, major commercial corridors, and nearby amenities including MacArthur Park, LA Live, Crypto.com Arena, dining destinations, entertainment venues, grocery options, and nightlife throughout Downtown Los Angeles and surrounding neighborhoods. With its central Westlake location, solid unit mix, immediate transit and freeway access, one vacant unit, and solid rental upside potential, the property offers investors a compelling opportunity to capitalize on long-term multifamily demand near Downtown Los Angeles.
Map Location
Listing provided courtesy of Kian Maronde of Marcus & Millichap. Last updated 2026-07-08 08:11:32.000000. Listing information © 2026 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
Get Directions
858.252.0200
Inquire Now
Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
Interested in Pacific Beach property, specifically? Check out PacificBeach.RealEstate
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. © 2020 SDMLS ~ By contacting John Collins / Collins Coastal, you agree to receive customer service texts from this business. We will not send you messages without your consent and we will not sell your data. Providing your contact information is confirmation you agree to receive text messages and/or calls from John Collins / Collins Coastal, your phone provider may have fees for this service. Message frequency varies. You may reply STOP at any time to cancel or call us at 858.252.0200.
Powered By:
