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Sold for $890,000
  • Listed by: Dream Realty & Investments, Inc. • Seung Soo "Eric" Min • Contact: 213-380-8949
    Bought with: Dream Realty & Investments Inc
    $890,000

    2823 W 8th St, Los Angeles, CA 90005

    4beds
    3,480sqft
    Mixed Use
    Built in 1908
    6,252 Square Feet Lot
    $1,310,900 Zestimate®
    $256/sqft
    $6,038 Estimated rent

    Home value

    $1,310,900

    $1.07M - $1.57M

    $6,038/mo

    Zestimate® history
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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Seung Soo "Eric" Min DRE #01392922 818-357-7694,

    Dream Realty & Investments, Inc.,

    Jinwook Cho DRE #01456384 213-380-8949,

    Dream Realty & Investments Inc

    Bought with:

    Jae Eun Jasmine Lee, DRE #02097420

    Dream Realty & Investments Inc

    Source: CRMLS,MLS#: SR25108235MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 1
    • 1/2 bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Rooms
    • Room types: Basement, Office
    Bathroom
    • Features: Upgraded
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Gas Oven
    • Laundry: See Remarks
    Features
    • Balcony
    • Has basement: Yes
    • Has fireplace: Yes
    • Fireplace features: Living Room, See Remarks
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total interior livable area: 3,480 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: One Space
    • Carport spaces: 7
    Features
    • Levels: Multi/Split
    • Entry location: Front
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 6,252 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 5077019008
    • Zoning: LAR4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1908

    Utilities & green energy

    • Sewer: Unknown
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $256/sqft
    • Tax assessed value: $1,912,500
    • Annual tax amount: $23,337
    • Date on market: 5/15/2025
    • Cumulative days on market: 201 days
    • Listing terms: Cash,Cash to New Loan

    Price history

    DateEventPrice
    4/18/2026Listing removed$7,900$2/sqft
    Source: CRMLS #SR26053768 Report a problem
    3/13/2026Listed for rent$7,900$2/sqft
    Source: CRMLS #SR26053768 Report a problem
    12/31/2025Sold$890,000-31%$256/sqft
    Source: CRMLS #SR25108235 Report a problem
    9/13/2025Pending sale$1,290,000$371/sqft
    Source: CRMLS #SR25108235 Report a problem
    5/15/2025Listed for sale$1,290,000+4.3%$371/sqft
    Source: CRMLS #SR25108235 Report a problem
    2/16/2024Sold$1,237,121-12.9%$355/sqft
    Source: Public Record Report a problem
    10/26/2021Sold$1,420,000-2.1%$408/sqft
    Source: CLAW #21728508 Report a problem
    9/30/2021Pending sale$1,450,000+154.4%$417/sqft
    Source: CLAW #21728508 Report a problem
    2/17/2010Sold$570,000+8.6%$164/sqft
    Source: Public Record Report a problem
    1/8/2010Listed for sale$525,000+22.1%$151/sqft
    Source: Newstar Realty #H10001044MR Report a problem
    12/10/2009Sold$430,027-31.7%$124/sqft
    Source: Public Record Report a problem
    4/2/2004Sold$630,000+38.5%$181/sqft
    Source: Public Record Report a problem
    8/8/2003Sold$455,000+70.7%$131/sqft
    Source: Public Record Report a problem
    4/10/2001Sold$266,500+77.7%$77/sqft
    Source: Public Record Report a problem
    5/22/1998Sold$150,000+48.8%$43/sqft
    Source: Public Record Report a problem
    6/9/1997Sold$100,785$29/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$23,337 +27.3%$1,912,500 +29.5%
    2024$18,339 +2.2%$1,477,367 +2%
    2023$17,941 +4.8%$1,448,400 +2%
    2022$17,116 +102.7%$1,420,000 +108.9%
    2021$8,442 -0.9%$679,725 +1%
    2020$8,522 $672,756 +2%
    2019$8,522 +5.8%$659,566 +2%
    2018$8,056 $646,634 +2%
    2017$8,056 +2.2%$633,956 +2%
    2016$7,886 +2.7%$621,527 +10.4%
    2015$7,678 +7.5%$563,000
    2014$7,143 $563,000 +7.2%
    2012-- $525,000 -8.6%
    2011-- $574,291 +0.8%
    2010-- $570,000 -11.5%
    2009-- $643,800 -5.6%
    2008-- $681,930 +2%
    2007-- $668,560 +2%
    2006-- $655,452
    2005-- $655,452 +44.1%
    2004-- $455,000 +64.1%
    2003-- $277,266 +2%
    2002-- $271,830 +74.4%
    2000-- $155,833
    Find assessor info on the county website

    Neighborhood: Koreatown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,310,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,310,900