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2823 W 8th St, Los Angeles, CA 90005

List Price: $1,290,000On Market FlagOn market
May 15, 20253,480 sqft4 beds3 baths
Listed by: Seung Soo "Eric" Min
License #: 01392922
Phone #: 213-380-8949
Dream Realty & Investments, Inc.
Source:
CRMLS Logo
MLS #: SR25108235

Property Description

Bank-Owned Property ( REO ) with LAR4-2 Zoning! Fantastic Investment Opportunity! GOOD FOR BUSINESS WITHIN R-4 ZONE. PRE-SCHOOL, ACUPUNCTURE, CPA, INS. OFFICE, AND MORE MORE. Build multi-unit residential buildings or apartments to cater to the growing housing demand. Develop a community center that offers various services and amenities to the neighborhood, such as educational programs, wellness centers, and recreational facilities. Unlock the potential of this prime real estate gem! Nestled in a coveted area with LAR4-2 zoning, this bank-owned property presents an unparalleled opportunity for savvy investors. Whether you're looking to develop residential units, commercial spaces, or a blend of both, the possibilities are endless. Don't miss out on this rare chance to acquire a bank-owned property with immense potential. Act now and turn your vision into reality!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,955

TurboHome Estimated Value

$1,343,500

$386 sqft

High Valuation
$1,410,675
$405/sqft
Normal Valuation
$1,343,500
$386/sqft
Low Valuation
$1,276,325
$367/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$386/sqft$1,343,500

Neighborhood: Mid City

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Comparative Value

$1.00M

$1.06M

$1.20M

$1.29M

$1.54M

2000 7th Ave, Los Angeles, CA 90018

Sale Price: $1,000,000

Selected Comparable

2274 W 21st St, Los Angeles, CA 90018

Sale Price: $1,025,000

Selected Comparable

1734 S Hobart Blvd, Los Angeles, CA 90006

Sale Price: $1,065,000

Selected Comparable

1801 S Harvard Blvd, Los Angeles, CA 90006

Sale Price: $1,195,500

Selected Comparable

2823 W 8th St, Los Angeles, CA 90005

List Price: $1,290,000

Subject Property

1146 S Hudson Ave, Los Angeles, CA 90019

Sale Price: $1,540,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
2823 W 8th St, Los Angeles, CA 90005

2823 W 8th St, Los Angeles, CA 90005

List: $1,290,000

Listed: 5/15/2025

Area:3,480 sqft
Price/sqft:$371
Beds:4
Baths:3
Year Built:
Lot Size:6,252

Comparable Properties

COMPARABLE
Choose comps
2274 W 21st St, Los Angeles, CA 90018

2274 W 21st St, Los Angeles, CA 90018

Sale: $1,025,000

5/21/20252.07 mi

Area:3,048 sqft
Price/sqft:$336
Beds:4
Baths:2
Year Built:
Weight:21.7%
2000 7th Ave, Los Angeles, CA 90018

2000 7th Ave, Los Angeles, CA 90018

Sale: $1,000,000

9/20/20242.51 mi

Area:3,600 sqft
Price/sqft:$278
Beds:4
Baths:4
Year Built:
Weight:20.9%
1146 S Hudson Ave, Los Angeles, CA 90019

1146 S Hudson Ave, Los Angeles, CA 90019

Sale: $1,540,000

5/13/20252.81 mi

Area:2,736 sqft
Price/sqft:$563
Beds:4
Baths:4
Year Built:
Weight:19.6%
1801 S Harvard Blvd, Los Angeles, CA 90006

1801 S Harvard Blvd, Los Angeles, CA 90006

Sale: $1,195,500

7/24/20251.52 mi

Area:3,172 sqft
Price/sqft:$377
Beds:5
Baths:2
Year Built:
Weight:19.1%
1734 S Hobart Blvd, Los Angeles, CA 90006

1734 S Hobart Blvd, Los Angeles, CA 90006

Sale: $1,065,000

7/21/20251.51 mi

Area:3,079 sqft
Price/sqft:$346
Beds:5
Baths:4
Year Built:
Weight:18.6%

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