6022 West 8th Street

Los Angeles CA 90036

6982 sq. ft.

7396 sq. ft.

Other

Currently for sale - view listing

Overview

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.

Features

8 bedrooms

8 bathrooms

6 carspaces

6982 sq. ft. floor area

7396 sq. ft. lot size

Other

Property history for 6022 West 8th Street

2021

Rented

Undisclosed

01 Feb 2021 by Ronald E. Toews

2020

Sold

$2,695,000

29 Jan 2020 by James Gilb, of Miller & Desatnik Realty Co.

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