Auction Sale | 5 Story, Type IIIA Construction in Koreatown
Auction Starting Bid: $450,000 | Bidding Starts April 20, 2026 at 10:00am
Lot Size: 5,989 Square Feet | Project’s Building Area: 15,909 Square Feet
ADDRESS
2961 W. 8th Street
Los Angeles, CA 90005 (Koreatown)
PROPERTY HIGHLIGHTS
43 one-bedroom units and 1 studio unit
• 33 units designated for Low-Income (LI) households - CTCAC Schedule 9
• 7 units designated for Moderate Income (MI) households - HCD Schedule 6
• 3 units designated for Very Low Income (VLI) households - HCD Schedule 6
• 1 Market Rate Manager’s Unit
100% Affordable - ED1 project
Automatic fire sprinkler
Zoning: LAR4-2
Redevelopment project area: Wilshire Center /Koreatown
Lot area: 5,989 square feet
Total building area: 15,909 square feet
70’-3” height
Rooftop: 1,200 square feet
Bicycle parking: 20 spaces