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John O'Brien

johnfob@me.com +1(856) 287-3059

$ 1,250,000

Est. payment -/mo

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Open Sun 1PM-4PM

2961 W 8th St Los Angeles, CA 90005

6 Beds

2 Baths

3,001 SqFt

Open House

Sun Jun 14, 1:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,001 sqft

Price per Sqft $416

MLS Listing ID 26845909

Style Craftsman

Bedrooms 6

Full Baths 2

HOA Y/N No

Year Built 1914

Lot Size 5,990 Sqft

Acres 0.1375

Property Sub-Type Single Family Residence

Property Description

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 rental markets. Alternatively, buyers may capitalize on the existing residence through renovation, rental income, ADU expansion potential (buyer to verify), or other value-add redevelopment strategies. Ideally located on the highly visible 8th Street corridor between Vermont Avenue and Westmoreland Avenue, the property is just blocks from Wilshire/Vermont Metro Station, Zion Market, and countless dining, retail, and entertainment options. With a Walk Score of 96 and convenient access to Downtown LA, USC, and major employment centers, the location is second to none. Delivered VACANT at the close of escrow and sold AS-IS. Buyer to verify all zoning, development potential, RTI approvals, ADU potential, and property information.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Dining Room 0

Interior

Heating Other

Cooling Other

Flooring Mixed

Fireplaces Type None

Equipment Other

Laundry Inside

Exterior

Parking Features Driveway

Pool None

View Y/N No

View None

Building

Architectural Style Craftsman

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

John O'Brien

+1(856) 287-3059

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John O'Brien

2961 W 8th St Los Angeles, CA 90005

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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2961 W 8th St