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1517 W 8th St, Los Angeles, CA, 90017

$3,995,000

0.30 Acres
Land
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewCity Lights
MLS #24373943
Lot Size0.30 Acres
StatusActive

About 1517 W 8th St

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 Details

Property Features

Listing Office:

  • Office Name: CB Richard Ellis, Inc.
  • Listing Agent: Adam Peterson

Exterior Features

Exterior Information:

  • View: City Lights

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.30 Acres

School Info

Assigned Schools Information:

  • Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
  • Contreras Learning Center-School of Social Justice, Public District Grades 9-12
  • School of Business and Tourism At Contreras Learni, Public District Grades 9-12
  • John H. Liechty Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Esperanza Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: North side of 8th St. between Union and Valencia

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,995,000

Tax Information:

  • Annual Amount: $16,789
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

1517 W 8th St vs Los Angeles

31 DAYS ON ROCKET

-3 Days

$3,995,000

+$3.0M More

KEY TAKEAWAY

This property is $3.0M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24373943

Listing Office:

  • Office Name: CB Richard Ellis, Inc.
  • Listing Agent: Adam Peterson

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 4:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 16, 2019Home Sold
$2,700,000

Tax History

YEARPROP. TAXASSESSMENT
2021$16,789$1,391,265
2020$7,603$1,377,000
2019$7,447$610,194
2018$7,290$598,230
2017$7,290$586,500

History based on county public records data.

Payment Calculator

$20K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$12K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2871012
2
/10
  • Esperanza Elementary School

  • 680 Little St

  • 0.26 miles

  • Public District Grades KG-5

school-card-donut-2871013
8
/10
  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 4.81 miles

  • Public Magnet Grades KG-6

school-card-donut-2871014
9
/10
  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 23.33 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-2871015
2
/10
  • John H. Liechty Middle School

  • 650 S Union Ave

  • 0.20 miles

  • Public District Grades 6-8

school-card-donut-2871016
4
/10
  • Studio

  • 2211 W Avenue 30

  • 4.13 miles

  • Public District Grades 6-8

High School

school-card-donut-2871017
1
/10
  • Contreras Learning Center-Los Angeles School of Global St

  • 322 Lucas Ave

  • 0.70 miles

  • Public District Grades 9-12

school-card-donut-2871018
2
/10
  • Contreras Learning Center-School of Social Justice

  • 322 Lucas Ave

  • 0.70 miles

  • Public District Grades 9-12

school-card-donut-2871019
2
/10
  • School of Business and Tourism At Contreras Learni

  • 322 Lucas Ave

  • 0.70 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,952. Residents of Los Angeles, CA typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1517 W 8th St

What is the listing price of this property?

The listing price of 1517 W 8th St property is $3,995,000.

What type of property is this?

The property 1517 W 8th St is land located in Los Angeles, California, 90017.

Is this property for sale now?

Active Listing: 1517 W 8th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1517 W 8th St are:
Esperanza Elementary School: GreatSchools Rating 2/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
John H. Liechty Middle School: GreatSchools Rating 2/10
Studio: GreatSchools Rating 4/10
Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 1/10
Contreras Learning Center-School of Social Justice: GreatSchools Rating 2/10
School of Business and Tourism At Contreras Learni: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $16,789 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 16, 2019 for $2,700,000. (source: MLS/tax record).

How much acreage is this property?

The property 1517 W 8th St is 0.30 acres.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles900171517 W 8th St

This home is located at 1517 W 8th St in Los Angeles, CA and zip code 90017 in the Central LA neighborhood. This home sits on a 0.30 acre lot. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $3,995,000.

While more than 628 listings in Los Angeles, CA in March 2024 were sold above asking price, there were more than 196 listings sold at asking price, and more than 579 were sold below. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. Listings spent 34 days on the market in March 2024, and had a median list price of $975,970 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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