1247 W 8th Street, Los Angeles, CA 90017

• 8 beds |
• 12 baths |
• 6,762 sqft

Property 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.

Listing Status:

Active

Date Added:

May 26, 2026

Data Last Updated:

June 26, 2026 at 7:16AM

Listing Office:

Marcus & Millichap : 818-212-2700

Listing Agent:

Kian Maronde : 818-212-2651

MLS ID:

26838607

Exterior

• Parking: Parking spaces: 0

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LACW5143011012

Financial

• Source: CRMLS_CL