Listed By:
Neema Ahadian with Marcus & Millichap;
2961 W 8th Street, Los Angeles, CA
$ 1,100,000
Property Attributes
  • MLS#22179263
  • TypeLand
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90005
  • Style
  • Price$ 1,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5,990 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

2961 W 8th Street a unique opportunity to acquire an exceptional and highly visible location on the main thoroughfare of 8th Street zoned R4-2-Tier 3 in the heart of Koreatown. The subject property totals 5,990 SF gross land area in the prime Koreatown neighborhood on 8th Street between Vermont Ave and S Westmoreland Ave. The owner is currently occupying the property; however, it can be delivered vacant at closing. 2961 W 8th Street offers an investor a residential redevelopment opportunity in one of the most desirable submarkets in all of Los Angeles.. Over the last decade, the area has seen significant year-over-year population growth due to a revitalization of the neighborhood and its central location, within 3 miles of DTLA, and USC. A high Walkscore of 96; this location is a walker's paradise located in prime Koreatown with a short eight-minute walk to the Wilshire / Vermont Station stop and near newly renovated MacArthur Park.

Price History
7/15/2022 Listed $1,100,000

General Features

Additional Parcels Y/N No
Association Y/N No
Attached Garage No
Carport Y/N No
City Los Angeles
County Los Angeles
Days on Market 240
Directions Just east of Vermont Ave on 8th Street between Magnolia Blvd and Camarillo Street
Garage Y/N No
Home Warranty Y/N No
Land Lease Y/N No
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 5990.0
MLS Area C17 - Mid-Wilshire
Mobilehomeremainsyn No
New Construction No
Private Pool No
Property Attached Y/N No
Property Type Land
Rent Control Y/N No
Senior Community Y/N No
Special Listing Conditions Standard
Standard Status ActiveUnderContract
Status ActiveUnderContract
Street Name 8th
View CityLights
View Y/N Yes
Waterfront Y/N No
Zoning LAR4

Interior Features

Air Conditioning Y/N No
Basement (Y/N) No
Electric On Property Y/N No
Fireplace Y/N No
Heating Y/N No
Street Suffix Street

Exterior Features

Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
Lot Size Acres 0.1375
Lot Size Area 5990.0
Lot Size Units SquareFeet
Open Parking Y/N No
Spa No
Total Parking 0.0


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 90005

AVG $2.55M
AVG 140
Data Provided by Inside Real Estate®
AVG 91
Data Provided by Walkscore® not using MLS data