2955 W. 8th Street is a two story, 12-unit apartment building constructed in the 1920's. All units in the property are one bedroom with one bathroom and utilities are individually metered. Most of the units have been gut renovated with high end condo quality features and finishes including stainless steel appliances and fixtures, high end cabinets, designer tiles and flooring, new windows, air conditioning, ceiling fans and lighting. Located in Koreatown the building benefits from gentrification and an increasing rental market. Several units have drastically below market lease rates and, upon unit turnover and renovation, can have their lease rates taken to market.