6022 W 8th Street,Los Angeles, CA 90036
Los Angeles, CA 90036
Description
Set within one of Los Angeles' most established multifamily corridors, 802 S Orange Grove Ave & 6022 W 8th St is an eight-unit asset in the Miracle Mile neighborhood. The property benefits from immediate proximity to some of the city's most sought-after retail, dining, and cultural destinations, including The Grove, The Original Farmers Market, Museum Row, the La Brea Tarpits and other attractions. The newly open Metro D line is one block away. The property consists of eight residential units complemented by six on-site garages, which provide a current separate and consistent income stream. Additionally, the asset features a centralized laundry room, further enhancing supplemental income while improving tenant convenience. The combination of in-place rental income and ancillary revenue streams offers stable day-one cash flow. From an investment perspective, the asset presents a compelling opportunity with both current income and significant future upside. New ownership can capitalize on rental growth potential, ADU development opportunities, and further optimization of garage and laundry income. With strong demand for housing in Miracle Mile and continued neighborhood growth driven by transit expansion and retail demand, 802 S Orange Grove Ave & 6022 W 8th St offers investors a well-positioned asset with meaningful long-term appreciation and income growth potential.
Details
| MLS # | 26829533 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1928 |
| Days On Site | 109 |
| Listing Provided By | Equity Union | Eliyahu Appel |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 6,982 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.17 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
| Appliances | Refrigerator |
Parking
| Attached Garage Yes / No | No |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90036 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90036) | |
Price: $2,580,000 low | high Med: $2,225,000 sqft: 6,982 low | high Med: 5,851 $ / sqft: $370 low | high Med: $380 On site: 109 low | high Med: 103 | |
Market Activity 90036
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90036 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90036) | |
Price: $2,580,000 low | high Med: $2,225,000 sqft: 6,982 low | high Med: 5,851 $ / sqft: $370 low | high Med: $380 On site: 109 low | high Med: 103 | |
