2961 W 8th Street, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
2961 W 8th Street,Los Angeles, CA 90005
$1,250,000
  • 6 Beds
  • 2 Baths
  • 3,001 sq. ft.
  • Single family
  • Active
Listed by: daniel shamooelian
Office: keller williams beverly hills310-432-6400
MLS#:26845909
Source:CRMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$416.53

About this home

Exceptional opportunity in the heart of Koreatown! Located within a designated Opportunity Zone and benefiting from R4-2 zoning with TOC Tier 3 incentives, 2961 W 8th Street offers investors and developers significant upside in one of Los Angeles' most active rental and redevelopment markets. The property features an approximately 3,000 SF, 6-bedroom, 2-bathroom residence situated on a 5,990 SF lot. The existing home offers significant square footage and multiple possibilities for renovation, repositioning, multi-generational living, rental income, or interim cash flow while planning future development. A major highlight of the offering is the inclusion of RTI (Ready-to-Issue) plans for a 100% affordable 44-unit apartment development consisting of 43 one-bedroom units and 1 studio unit. Offered at approximately $28,500 per approved unit, the property presents a rare opportunity for developers to immediately move forward with a fully approved project in one of Los Angeles' strongest...

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Home facts

  • Year built:1914
  • Listing ID #:26845909
  • Added:60 day(s) ago
  • Updated:August 11, 2026 at 11:09 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:3,001 sq. ft.

Structure and exterior

  • Year built:1914
  • Building area:3,001 sq. ft.
  • Lot area:0.14 Acres
  • Architectural Style:Craftsman
  • Levels:2 Story

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$416.53

Features and amenities

  • Laundry features:Inside

Parking

  • Parking description:Driveway
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