1210 W 8th St Los Angeles, CA 90017
INVESTMENT OVERVIEW
This 8,115.8 SF RC-5 / CW-U zoned lot will be delivered with Ready-to-Issue (RTI) permits for a smartly designed 5-story multifamily project totaling 64 residential units. The approved plans feature a compact and efficient layout of 35 studios, 27 one-bedrooms, ad 2 two-bedrooms. , ideal for addressing the high demand for attainable housing in the Downtown Los Angeles area.
Located in the rapidly growing City West submarket of Downtown LA, this TOC Tier 3 site sits at the nexus of employment, transit, and culture. The area continues to attract institutional and private investment, with numerous mixed-use projects, adaptive reuse conversions, and infrastructure upgrades redefining the neighborhood. Its proximity to DTLA’s Financial District, LA Live, Bunker Hill, and the Metro Red and Purple Lines places future residents within walking distance of thousands of jobs, public amenities, and entertainment destinations.
The location boasts strong transit connectivity, with nearby access to multiple Metro lines, major bus routes, and the 110 and 10 Freeways, enabling easy commutes across the LA basin.
The high WalkScore and density of nearby services support a car-light, urban lifestyle that continues to grow in appeal, particularly among students, professionals, and transit-dependent renters.
With RTI permits in place, developers can immediately break ground, avoiding delays associated with entitlement or discretionary approvals. The efficient unit mix and compact building footprint support a variety of leasing strategies—including market-rate, co-living, or workforce housing models—making the project highly adaptable to shifting market conditions.
As Downtown Los Angeles continues to evolve, 1210 W 8th St presents a rare opportunity to activate a shovel-ready, infill development in one of LA’s most dynamic and supply-constrained rental markets. With strong demand drivers, walkable infrastructure, and a fully entitled status, this project represents a strategic investment with long-term upside.
1210 W 8th St
Project Overview
| Project Information | |
|---|---|
| Gross Building Area | - |
| Build-able Units | 64 Unit 2 (1-Bedroom) | 27 (1-Bedroom) | 35 (STUDIOS) |
| Stories | 5 |
| Net Rentable | 27,300 SF |
| Lot Size | 8158.8 SF |
| Legal Description | |
| Site Address | 1210 W 8th St Los Angeles, CA 90017 |
| Zoning | RC-5/CW-U/6 | Tier: 3 |
| APN | 5143002012 |
1210 W 8th St
Price Analysis
Gross building area
27,300 SF
Build-able Units
64
STORIES
5 FLOORS
LOT SIZE
8,115.8 SF
NET RENTABLE AREA
25,170 SF
| COST SUMMARY | |
|---|---|
| Acquisition Costs: | $2,600,000.00 |
| Operating Expenses at 5% of Acquisition | $130,000.00 |
| Construction Costs: | $ 7,100,000.00 |
| Total Development Costs | $9,830,000.00 |
| Plan #1 : DISPOSITION | ||
|---|---|---|
| Projected Property Value: | $ 19,427,394.46 | |
| Disposition Cap Rate: | 6.50% | |
| Sales Proceeds at Disposition: | ||
| Projected Sale Value: | $ 19,427,394.46 | |
| Broker Commission: at 6.0% of Sale Price | $ 1,165,643.67 | |
| Closing Cost: at 0.5% of Sale Price | $ 97,136.97 | |
| Net Sale Proceed | $ 18,164,613.82 | |
| less: Project Cost | $ 9,830,000.00 | |
| Net Profit | $ 8,334,613.82 | |
| ROI | 84.79% | |
| PLAN #2: HOLD | |
|---|---|
| OPERATING PERFORMANCE | |
| Scheduled Lease Revenue | $ 1,673,232.00 |
| less: Manager Unit | $ 25,608.00 |
| less: Vacancies & Bad Debt at 3.00 % | $ 50,196.96 |
| less: Operating Expenses | $ 334,646.40 |
| Total | $ 410,451.36 |
| Residential Cash Flow | $ 1,262,780.64 |
| Net Operating Income | $ 1,262,780.64 |
| Cap Rate on Total Cost | 12.85% |
1210 W 8th St
Project Plans
Westlake, Downtown Los Angeles
Neighborhood
Centrally located near the border of Downtown Los Angeles and the Westlake District, offering immediate access to the city’s commercial and cultural core.
Within walking distance of the 7th Street/Metro Center Station, providing direct access to the Red, Purple, Blue, and Expo Lines for easy commuting across the region.
Quick access to major freeways including US-101, I-110, and I-10, connecting to Hollywood, Koreatown, and Santa Monica.
Close proximity to LA Live, Crypto.com Arena, and The Bloc, offering premier entertainment, dining, and retail destinations.
The surrounding area continues to benefit from Downtown LA’s urban revitalization, with new mixed-use, residential, and hospitality developments.
A diverse and fast-growing urban community with a mix of professionals, students, and families.
Increasing number of young renters and entrepreneurs drawn by proximity to jobs, transit, and amenities.
The area maintains a rich cultural blend, contributing to its dynamic and energetic city atmosphere.
Features a mix of historic mid-rise apartments, adaptive reuse lofts, and modern multi-family developments.
Strong rental demand driven by professionals working in Downtown LA’s business, entertainment, and tech sectors.
Numerous new construction projects in progress, enhancing housing availability and modernizing the area’s streetscape.
Walkable environment with convenient access to grocery stores, cafés, and public transit hubs.
Offers a vibrant, urban lifestyle with access to top-tier restaurants, entertainment, and nightlife.
Within minutes of The Broad Museum, Walt Disney Concert Hall, and Grand Central Market.
Residents enjoy a blend of historic charm and modern city energy, supported by public art, parks, and cultural events.
Excellent walkability and connectivity encourage a car-free lifestyle for many residents.
Served by the Los Angeles Unified School District (LAUSD).
Nearby schools include Downtown Business Magnet High School, Belmont High School, and Esperanza Elementary.
Close to higher education institutions such as LA Trade Technical College, FIDM, and USC.
Steps away from supermarkets, pharmacies, cafés, and daily services.
Nearby Good Samaritan Hospital, FIGat7th, and MacArthur Park provide healthcare, retail, and recreation options.
Within a short distance of Downtown’s financial district and Fashion District, creating strong employment accessibility.
Well-connected through Metro, DASH buses, and bike-share programs, enhancing mobility throughout central Los Angeles.
