2961 W  8th St, Los Angeles, CA 90005
SOLDJAN 31, 2024

2961 W 8th St
Los Angeles, CA 90005

MacArthur Park

      $1,200,000

      Last Sold: Jan 31, 2024
      9% over list $1.1M
      Est. Refi. Payment $7,654/mo*

      Homes for Sale Near 2961 W 8th St

      Local Information

      map showing home location
      © Google
      -- mins to
      Commute Destination

      Description

      This property is no longer available to rent or to buy. This description is from January 31, 2024
      2961 W 8th Street a unique opportunity to acquire an exceptional and highly visible location on the main thoroughfare of 8th Street zoned R4-2-Tier 3 in the heart of Koreatown. The subject property totals 5,990 SF gross land area in the prime Koreatown neighborhood on 8th Street between Vermont Ave and S Westmoreland Ave. The owner is currently occupying the property; however, it can be delivered vacant at closing. 2961 W 8th Street offers an investor a residential redevelopment opportunity in one of the most desirable submarkets in all of Los Angeles.. Over the last decade, the area has seen significant year-over-year population growth due to a revitalization of the neighborhood and its central location, within 3 miles of DTLA, and USC. A high Walkscore of 96; this location is a walker's paradise located in prime Koreatown with a short eight-minute walk to the Wilshire / Vermont Station stop and near newly renovated MacArthur Park.

      Home Highlights

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

      Home Details for 2961 W 8th St

      Interior Features

      View
      Has a ViewView: City

      Property Information

      Property Type / Style
      Property Type: LandProperty Subtype: Unimproved Land

      Price & Status

      Price
      List Price: $1,100,000
      Status Change & Dates
      Off Market Date: Mon Nov 21 2022

      Active Status

      MLS Status: Sold

      Location

      Direction & Address
      City: Los Angeles

      Lot Information

      Lot Area: 5989.5 sqft

      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: 22-179263
      Last check for updates: about 14 hours ago
      Listed by Neema Ahadian DRE # 01346750, (310) 909-5444
      Marcus & Millichap, (310) 909-5500
      Bought with: Neema Ahadian DRE # 01346750, (310) 909-5444, Marcus & Millichap, (310) 909-5500
      Source: CLAW, MLS#22-179263

      Price History for 2961 W 8th St

      DatePriceEventSource
      01/31/2024$1,200,000Sold
      CLAW #22-179263
      12/12/2022$1,100,000ContingentCLAW #22-179263
      07/15/2022$1,100,000PriceChange
      CLAW #22-179263
      01/22/2022$1,399,000Listed For SaleCLAW #22-120937
      11/18/2021ListingRemovedCLAW
      10/12/2021$1,499,999ContingentCLAW #21722764
      09/08/2021$1,499,999PriceChange
      CRMLS #21722764
      07/27/2021$1,499,500Listed For SaleCRMLS #21722764
      06/22/2021ListingRemovedCRMLS #21722764
      06/07/2021$1,499,500PriceChange
      CRMLS #21722764
      04/23/2021$1,599,500Listed For SaleCRMLS #21722764
      05/17/2019$1,800,000ListingRemovedAgent Provided
      05/09/2019$1,800,000Listed For SaleAgent Provided
      08/22/2001$305,000Sold
      N/A

      Property Taxes and Assessment

      Year2023
      Tax$5,735
      Assessment$433,063
      Home facts updated by county records

      Comparable Sales for 2961 W 8th St

      Address
      Distance
      Property Type
      Sold Price
      Sold Date
      Bed
      Bath
      Sqft
      0.11
      Lot/Land
      $2,400,000
      12/26/23
      -
      -
      0.84
      Lot/Land
      $1,005,000
      07/28/23
      -
      -
      1.11
      Lot/Land
      $900,000
      07/28/23
      -
      -
      1.23
      Lot/Land
      $1,360,000
      03/08/24
      -
      -

      Assigned Schools

      These are the assigned schools for 2961 W 8th St.
      GreatSchools ratings are based on test scores and additional metrics when available.
      Check with the applicable school district prior to making a decision based on these schools. Learn more.

      Neighborhood Overview

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

      What Locals Say about MacArthur Park

      • Gyasi Wingo-smith
        "It’s the city, so be aware of all of your surroundings. Be familiar with your route. Stay with your children at all times."
        1
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      • Josue Gonzalez
        "There is so much crime in this area a lot of homeless people I don’t think people can’t feel safe in this place "
        0
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      • Kerry L.
        "If the county would do something with the area, it will be much more suitable area for anyone to live. I am not a poor person even though they classify as the poorest area in Los Angeles. But I can tell you. They could definitely do a better job. But the police don't do nothing. It's gonna take community standing up to have something done."
        6
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      • Trulia User
        "little green space, except for at the law school. few people pick up after their dogs. but there are a lot of dogs in this area that are very friendly and socialized"
        0
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      • Trulia User
        "There are pieces of trash/broken glass/furniture outside on the streets. Prefer to take my dog elsewhere for a walk."
        0
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      • Trulia User
        "it's calm yet dangerous. you can walk to stores with a calm mind and you'll be safe with all the noises occurring around."
        2
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      • Trulia User
        "Have a lot homeless camping, dirty and no have street clean, dangerous for walking alone definitely I don’t recommend this neighborhood "
        1
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      • Trulia User
        "this area has a high crime rate. the crimes are usually shootings, violence, burglaries, assaults, etc. "
        0
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      • Trulia User
        "The commute here isn't too bad, but I usually leave around 10am so my experience probably isn't typical."
        0
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      • Aaronyee9000 E.
        "Not a safe area for kids to be outside to play. Kids should be under parental supervision at all times when Outside. Not a recommended area to move into"
        7
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      • Aaronyee9000 E.
        "Bad area to live. Smells bad crazy people everywhere people don’t pick up after their dogs. Not recommended to live. "
        34
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      • Jasmine J.
        "There are no community events as such. Sometimes there will be free open-air concerts by MacArthur Lake but that’s about it. "
        0
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      • Joeycresce
        "Very rough area. I wish it was sanitized better, park has a lot of potential. Lived here about a year. I like the public transportation option and convenient location."
        35
        Flag
      • Lucia C.
        "not nice very dirty. homeless everywhere, crazy people everywhere. don't feel safe here, don't recommend"
        29
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      • Trulia User
        "Parking is an issue all over LA as a whole when living in apartments. You can manage a spot but sometimes the waiting game can take 15 minutes or more. "
        4
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      • Lucia C.
        "certain parts are nice and certain parts aren't. many homeless around especially at the park. messy and unsanitary "
        2
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      • Ventura5914
        "this place has many good things but there are many homeless people and they tend to take up sidewalks with their things. but they don't really bother anyone. "
        2
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      • Elizabeth L.
        "There's many people walking on the side walk at once and tgere isn't much space to walk a dog at a good distance from yourself. Also, several people tend to be scared of larger dogs here as they have children."
        0
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      • Emily L.
        "Honestly, I don't mean to disrespect anyone but there is nothing unique about MacArthur Park any longer. Its not a safe place for children to grow up in and if you're looking for a calm place where you feel secure, then many of us who have lived here do not recommend it."
        23
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      • Thetimeisgrey
        "It’s dirty and gentrification doesn’t seem to happen. I have been living there for almost 8 years. It didn’t get better, just more expensive."
        20
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      • Thetimeisgrey
        "I live in this neighborhood for the past 7 years, so I can save money to buy a house. The streets are dirty, all the time, no matter how many trash cans and trash pick up."
        23
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      • Marquis M.
        "Parking is the MOST difficult thing about living here. Once I had to park about half a mile away from my house in order to find a parking spot. "
        3
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      • Thetimeisgrey
        "Small carnivals in the summer and the summer concerts at the park every weekends from Thursday to Sunday night."
        2
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      • Teamtiaramonet
        "Dogs are friendly but there is so much feces and urine from the dogs and homeless ppl near and migrating."
        2
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      • Angel G.
        "Owners don't pick up after their animals when walking their dogs it's very rude. Aside from that there are nice people in the neighborhood "
        2
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      • Lizy R.
        "I’m a New Yorker transplant and have found the buses and trains to be super convenient and plentiful in k town."
        1
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      • Juanmacias138
        "Great for having your pets many dogs around to interact with your dog and make buddies as well as a lot of taco stands "
        1
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      • Iris M.
        "There are really no areas to walk your dog, it’s really dirty and you can find a lot hazards for your pet like needles left used by the homeless. "
        2
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      • Lesli G.
        "18 years ago this neighborhood was pretty scary to go out at night. But now it’s very calm every now and then there’s one homeless person by themselves screaming. For no reason but no car damage or robberies happening "
        2
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      • Oscar G.
        "My neighborhood is not dangerous but there is a bit of homeless people around. Not necessarily the cleanest. "
        0
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      • Jason
        "Not a safe neighborhood. Definitely would not raise a family here. Very dangerous, and even unbearable at times. Do not recommend living here."
        5
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      • Alexmoguel272727
        "Dirty and unsafe homeless drug dealers and crackheads I do not recommend this area at all ............"
        0
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      • Victoria A.
        "You see people walking their dogs all the time here; mostly small dogs. It seems to be a pretty pet-friendly neighborhood. Although I would use caution walking after dark. "
        0
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      • Jennifer O.
        "Pico Union is in a great location, close to Silverlake, DTLA, Koreatown, etc. It’s definitely growing and is one of the last areas in LA that won’t cost you an arm to rent. That being said, it’s not the safest neighborhood. I don’t like being out after dark. Parking sucks so find a building that has it. "
        0
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      LGBTQ Local Legal Protections

      © 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.

      Homes for Rent Near 2961 W 8th St

      Off Market Homes Near 2961 W 8th St

      2961 W 8th St, Los Angeles, CA 90005 is a lot/land. 2961 W 8th St is located in MacArthur Park, Los Angeles. This property is not currently available for sale. 2961 W 8th St was last sold on Jan 31, 2024 for $1,200,000 (9% higher than the asking price of $1,100,000). The current Trulia Estimate for 2961 W 8th St is $1,225,000.