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1247 W 8th St 12 Unit Apartment Building $1,793,727 CAD ($149,477 CAD/Unit) 7.69% Cap Rate Los Angeles, CA 90017
Investment Highlights
- Solid Westlake Location - DTLA Adjacent
- Only $108k/Unit
- New Electric Panels
- One Unit Delivered Vacant
- Solid Rental Upside (+30%)
- Within Walking Distance to LA Live Entertainment District
Executive Summary
Marcus and Millichap is 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.
For OM, please visit: https://www.lamultifamilydeals.com/properties/1247-w-8th-st
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.
For OM, please visit: https://www.lamultifamilydeals.com/properties/1247-w-8th-st
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,793,727 CAD | Property Subtype | Apartment |
| Price Per Unit | $149,477 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7.69% | Lot Size | 0.13 AC |
| Gross Rent Multiplier | 6.75 | Building Size | 6,762 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Zoning | LACW - CENTRAL CITY WEST SPECIFIC PLAN ZONE Future development potential due to high density zoning in LACW area. | ||
| Price | $1,793,727 CAD |
| Price Per Unit | $149,477 CAD |
| Sale Type | Investment |
| Cap Rate | 7.69% |
| Gross Rent Multiplier | 6.75 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 6,762 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | LACW - CENTRAL CITY WEST SPECIFIC PLAN ZONE Future development potential due to high density zoning in LACW area. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 8 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5143-011-012 | Improvements Assessment | $221,015 CAD |
| Land Assessment | $850,085 CAD | Total Assessment | $1,071,100 CAD |
Property Taxes
Parcel Number
5143-011-012
Land Assessment
$850,085 CAD
Improvements Assessment
$221,015 CAD
Total Assessment
$1,071,100 CAD
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1247 W 8th St
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