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2011 8th, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath

2011 8th, Los Angeles, California 90018 home-pic-0
ACTIVE$3,850,000
2011 8th, Los Angeles, California 90018
0Bed
0Bath
7,500Sqft
7,780Lot
Year Built
2025
Close
-
List price
$3.85M
Original List price
$3.85M
Price/Sqft
$513
HOA
-
Days on market
-
Sold On
-
MLS number
OC25255700
Home ConditionExcellent
Features
View-

About this home

We found 4 Cons,5 Pros.

Modern 4-Unit Plus 1 ADU | 22 Beds, 22 Baths | Brand-New in Prime Los Angeles! Outstanding investment opportunity featuring a new construction 4-unit property plus 1 ADU in a highly desirable central Los Angeles location. Each unit showcases a modern open layout with high-quality finishes, spacious interiors, designer kitchens, and in-unit laundry. The property includes separate utility meters, solar panels, and ample parking with 4 garage spaces and 8 uncovered parking spots, all designed for low maintenance and strong rental demand. Pro forma income: Units 2011 & 2011½ each generate $5,700/month, Units 2013 & 2013½ each generate $6,000/month, and the ADU (Unit 2011¾) generates $3,500/month, for a total of approximately $26,900 monthly or $322,800 annually. Ideal for 1031 exchange buyers and investors seeking excellent cash flow and long-term appreciation potential. Conveniently located near Koreatown, USC, and Downtown Los Angeles—just 3.7 miles to The Grove, 2.8 miles to USC, and close to major freeways.

Price History

Date
Event
Price
11/07/25
Listing
$3,850,000
01/29/24
Sold
$1,045,000
01/24/14
Sold
$460,000
03/03/05
Sold
$610,000
05/24/04
Sold
$375,000
Condition Rating
Excellent
This property is brand new construction, built in 2025, which immediately qualifies it for an 'Excellent' rating. The MLS description explicitly states 'new construction' and highlights 'modern open layout with high-quality finishes, spacious interiors, designer kitchens, and in-unit laundry.' The images confirm this, showcasing pristine, contemporary interiors with grey shaker-style cabinets, white quartz countertops, stainless steel appliances, and modern fixtures in the kitchen. Bathrooms feature sleek vanities, glass-enclosed showers, and modern tiling. All flooring is new wood-look laminate, walls are freshly painted, and lighting is recessed throughout. The property also includes modern amenities like solar panels. There is no visible wear, tear, or deferred maintenance, aligning perfectly with the criteria for an excellent condition property.
Pros & Cons

Pros

Brand New Construction: Built in 2025, this property offers modern standards, minimal immediate maintenance, and strong appeal to tenants seeking contemporary living spaces.
Exceptional Income Potential: With a pro forma annual income of $322,800 from 4 units plus 1 ADU, it presents a compelling cash flow opportunity for investors.
Prime Central Los Angeles Location: Strategically located near Koreatown, USC, Downtown LA, and major freeways, ensuring high rental demand and long-term appreciation potential.
Modern Amenities & Finishes: Each unit features a modern open layout, high-quality finishes, designer kitchens, and in-unit laundry, attracting premium tenants.
Energy Efficiency & Low Maintenance: Equipped with separate utility meters and solar panels, designed for reduced operating costs and environmental appeal, enhancing investor returns.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 7500, other record living area = 1590.
High Capital Outlay: The $3.85 million list price represents a substantial initial investment, potentially limiting the pool of prospective buyers.
Reliance on Pro Forma Income: The advertised income figures are projections, lacking a proven rental history, which introduces an element of risk for investors.
Significant Ongoing Property Tax Burden: As a new construction in a prime Los Angeles location, the property will likely incur substantial annual property taxes, impacting net operating income.

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