tomo logo

$2,649,000

Beds
8
sq ft
6,043

5355 W 8th St, Los Angeles, CA 90036

5355 W 8th St

Los Angeles, CA 90036

  • 5 days on market
This charming four-unit Spanish-style property, located in the vibrant Miracle Mile, is only a five-minute drive from the Los Angeles County Museum of Art (LACMA). Residents can easily partake in sunset drinks and live music at museum events, along with a variety of dining and entertainment options at the Farmers' Market and the Grove. The property benefits from its proximity to the purple line extension of the D line Metro expansion project. Situated on an R4 residential corner lot within an HPOZ, each spacious unit features two bedrooms and versatile bonus/flex rooms to suit different lifestyle needs. Additionally, every unit is equipped with a laundry area and a separate toilet, enhancing both convenience and appeal. The two lower units are currently vacant, fully renovated, and ready for immediate occupancy, while the upper units are tenant-occupied, providing a reliable income stream. For those seeking a turnkey investment in a lively neighborhood, this 4 unit property at 5355 W. 8th St. presents an exceptional opportunity.

Details

Property type

Lot size

8,778 sq ft

Price per sq ft

$439

Year built

1926

HOA

No

Price History

01/03/2025
CLAW

CLAW #25476455

Listed
$2,649,000
-0.04%
12/05/2024
CLAW

CLAW #24444753

Removed
$2,650,000
10/11/2024
CLAW

CLAW #24444753

Price change
$2,650,000
-3.64%

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Nexcap Home Loans

Loan start date

October 2023

Original loan amount

$1,650,000

Est. remaining balance

Not provided

Interest rate

8.62%

Loan type

New Conventional, 30 year

Seller

Junho Lee and Jessica Kim

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/08/2025 at 8:40 AM

Listing updated: 01/03/2025 at 6:00 PM

Listed by: Thomas J. Lee, Prime Properties & Associates Phone #: (213) 935-8320

MLS: CLAW #25476455

CLAW logo