1517 W 8th St, Los Angeles, CA 90017
FOR SALE0.3 ACRES

1517 W 8th St
Los Angeles, CA 90017

Westlake

      $3,995,000

      Original price: $4,995,000
      Est. Mortgage $25,437/mo*
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      Local Information

      map showing home location
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      -- mins to
      Commute Destination

      Description

      Ultra Efficient RTI Development Site in City West. The Plaza Apartments @ City West, a 60-unit multifamily development opportunity in the Downtown Los Angeles submarket. The project is permit-ready and will be delivered with all reports, plans and approvals to the selected Buyer. Designed with area demand and cost consideration paramount, the project is extremely efficient with an average unit size of approximately 582 square feet and no subterranean parking. The project has been subjected to rigorous underwriting and is conceptualized with an intimate understanding of the market by seasoned local experts. Construction is 7-story type III-A with at- and above-grade parking and approximately 36,000sf of rentable area. A unit mix skewed towards studios and 1-bedrooms meets local demand head-on catering to young professionals and small families looking to live as close to Downtown Los Angeles as possible.
      Property Website

      Home Highlights

      Parking
      No Info
      Outdoor
      No Info
      A/C
      Contact Manager
      HOA
      None
      Price/Sqft
      No Info
      Listed
      30 days ago

      Home Details for 1517 W 8th St

      Interior Features

      Appliances & Utilities
      Utilities: Electricity Connected, Natural Gas ConnectedTelephone: In Street
      Gas & Electric
      Electric: In StreetGas: On SiteHas Electric on Property
      View
      Has a ViewView: City, City Lights

      Exterior Features

      Water & Sewer
      Sewer: In Street
      Farm & Range
      Not Allowed to Raise Horses
      Surface & Elevation
      Topography: Flat

      Days on Market

      Days on Market: 30

      Property Information

      Property Type / Style
      Property Type: LandProperty Subtype: Unimproved Land
      Building
      Has Additional Parcels

      Price & Status

      Price
      List Price: $3,995,000

      Active Status

      MLS Status: Active

      Location

      Direction & Address
      City: Los Angeles

      Agent Information

      Listing Agent
      Listing ID: 24-373943

      Lot Information

      Lot Area: 0.30 acres

      Listing Info

      Special Conditions: Standard

      Compensation

      Buyer Agency Commission: 2Buyer Agency Commission Type: %
      Notes
      The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

      Miscellaneous

      Mls Number: 24-373943Listing Url
      Last check for updates: about 8 hours ago
      Listing courtesy of Adam Peterson DRE # 01815802, (310) 954-7031
      CB Richard Ellis, Inc.
      Source: CLAW, MLS#24-373943

      Price History for 1517 W 8th St

      DatePriceEventSource
      03/28/2024$3,995,000PriceChange
      CLAW #24-373943
      11/12/2021$4,995,000PendingCLAW #21-784786
      11/12/2021ListingRemovedCLAW
      09/16/2021$4,995,000Listed For SaleCLAW #21784786
      01/21/2019$3,250,000ListingRemovedAgent Provided
      12/19/2018$3,250,000PriceChange
      Agent Provided
      10/24/2018$3,900,000PriceChange
      Agent Provided
      08/27/2018$4,500,000Listed For SaleAgent Provided

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      1933 Magnolia Ave #7, Los Angeles, CA
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      $1,145,000
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      Neighborhood Overview

      Westlake
      See Local Highlights
      Neighborhood stats provided by third party data sources.

      What Locals Say about Westlake

      • Trulia User
        "Garbage everywhere. Seriously feel like we are crazy sometimes for living downtown. It’s like we live in a mental institution. "
        1
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      • Trulia User
        "BE VERY CAREFUL ABOUT YOUR SURROUNDINGS AND IF YOU ARE ABLE AVOID ANY NIGHT WALKS too much crime and too much homeless people usually under the influence of drugs "
        3
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      • Trulia User
        "Having certain fairs around the neighborhood with music and food. Also different marathons but don’t really like the traffic bc of it "
        0
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      • Trulia User
        "A lot of homelessness in area but very family oriented an very diverse "
        0
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      • Trulia User
        "Friendly neighborhood with a bit of sting. I don't know how but different cultures are able to coexist along one another."
        0
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      • Trulia User
        "LA native, (mainly east of LA) and 1 year living just south of a echo Park Lake and I’m actually disappointed in just about every aspect of living here. Will be moving back to Long Beach asap. "
        2
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      • Trulia User
        "Very noisy all the times do it’s probably not a good idea growing kids in downtown. It’s convenient to do any activities but downtown is more singles."
        0
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      • Trulia User
        "it's full of diverse ethnicities which will allow the dog to be filled with knowledge to know who to trust and who not to trust. "
        0
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      • Trulia User
        "It’s mostly noisy outside and you can hear helicopters, fire truck sirens and police cars all the time. It’s definitely not for kids"
        0
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      • Taliamontgomery
        "High crime area and lots of garbage. People don’t pick up after themselves or their pets. Lots of fireworks go off for no reason in this high fire zone. Blume and Plume, Woon and Gra are really cool spots that have opened up recently that I love in my neighborhood."
        25
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      • Victoriafern94
        "Stray cats and dogs are usually around. Most areas are not pet friendly. Not a lot of green areas for dogs to use the bathroom. Areas are dirty with garbage"
        9
        Flag
      • Josellyn O.
        "Can take Red or Purple Lines into downtown. My commute to the financial district is 5-10 minutes at most. "
        2
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      • Robbujak
        "No one picks up their dogs poop and many dogs off leash! It’s also extremely dangerous walking around here, it does not feel safe! "
        9
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      • Jodilfrazier
        "It’s quiet and residential but close enough to walk to the Financial District of DTLA and to Echo Park Lake"
        16
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      • Susana G.
        "I live next to the 101 freeway so my commute is easier than others. Traffic on a regular day basis just adds like 15 minutes. "
        1
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      • Marly0710
        "Not the area I want to continue raising my kids. Not the safest area either. I have lived here for the past 10 years."
        3
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      • Xanyz
        "Sketchy area not safe and very LOUD! I would not recommend for families and not recommend area as it is not safe constant police , helicopters, police chases and construction noise its a NIGHTMARE and be expected to be woken up every weekday morning by 6:45 am due to jack hammering due to construction! Did I mention the cars constantly honking? Aghhh!"
        2
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      • Vanessa_membreno
        "It’s not a kid friendly area, there’s a lot of homeless people in the alleys I would not trust kids walking around alone "
        1
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      • Gregory J. M.
        "Beautiful park to walk your dog around. It’s a little busy because of traffic but the park is a safe spot. "
        0
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      • K.ivonne005
        "It’s okay. Could be more maintained. I don’t feel as if it dangerous, I’ve lived here for over 15 years and I’ve never experienced anything crazy. "
        14
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      • Maria V. M.
        "It could be better but rideshare is fairly convenient in this area. Buses are so so depending where you are going."
        0
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      • Vanessa_membreno
        "It’s definitely not kid friendly neighborhood, they need to build more parks or recreational areas.. "
        1
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      • Jacqui M. B.
        "used to walk 15 minutes to the downtown metro stop until i got a car for work. now i drive and it’s close to highways"
        0
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      • Josh G.
        "McArthur Park has summer jazz events and concerts. As well as peace rides annually. Latin American Parades will surprise everyone every once in a while. "
        1
        Flag
      • Taylor.arburua
        "The view makes our neighborhood very unique and that’s it oh and parking is always great on the street"
        5
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      • Mainaiz85
        "Beautiful place to live and be happy just enjoy yourself it’s a great place. Feel like home in an environment full of peace."
        1
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      • Vanessa
        "None there are no special events that happen to my knowledge. Maybe something happens up on sunset but nothing in this immediate area. "
        1
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      • Veronica C.
        "Very dangerous and dirty neighborhood. I wouldn’t recommend anyone to live here. The people living here don’t care for the environment AT ALL"
        3
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      • Amanda G.
        "Don’t know this Area do not know how to make a statement about what the area is like . "
        1
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      • RJS
        "All commutes in LA are inline with the City’s ranking of 12th worst traffic congestion....IN THE ENTIRE WORLD. Come on, LA. You can do better — you can break into the top 10. Go LA!"
        0
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      • Ronald Mendez
        "Our community is silent and very quite... there are frequent emergency ambulance stops due to an elderly facility near by."
        0
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      • Matt C.
        "Ice cream truck, tamale guy, and a few others come around. Also the good ol’ neighbors who love to park in front of our driveway so we can’t leave the house. The neighborhood has a vast abundance of garbage on the sidewalks. It’s really charming..."
        0
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      • Nikki S.
        "Just move downtown. There aren’t a lot of restaurants and the parking is worse than Koreatown (I live there, I know). The one place I love here is an Indian restaurant called Bombay Beach. "
        1
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      • Caroline P.
        "We have a great neighborhood and it is very peaceful and a great community.Also the stores are near me so I can just walk there"
        0
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      • Robert J. W.
        "A lot of strict guidelines for dog or pet owners. Some accept pets and some do not. Most apartments don't take in pets while some have fees for the first time or monthly pet fees. "
        0
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      • Romero r.
        "I lived here for 8 years, it’s super peaceful and safe. Wouldn’t want to live anywhere but here . Rent is expensive but totally worth it, you have everything near you."
        3
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      • Jrgrieg
        "It’s one of the last historical neighbourhoods in LA to not be fully gentrified. It’s still quite lawless with sanitation and social niceties taking the back seat to reality and daily struggles. There is a sense of community but it feels quite divided between the old guard and new rather Central American or not. I’ve lived in Westlake for five years and thusly love and hate the neighborhood yet proud to call it home."
        10
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      • Norma M.
        "I have been living here in Westlake for a couple of months and the people here are mostly Hispanic and Latino and I feel great amongst my community. "
        2
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      LGBTQ Local Legal Protections

      Adam Peterson, CB Richard Ellis, Inc.
      © 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
      The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
      1517 W 8th St, Los Angeles, CA 90017 is a lot/land. 1517 W 8th St is located in Westlake, Los Angeles. This property is currently available for sale and was listed by CLAW on Mar 28, 2024. The MLS # for this home is MLS# 24-373943.