1833 W 8th Street

Highlights:

• Annual Tax: $ 25343.0

Description:

PACKAGE SALE – INCLUDES TWO ASSETS. Rare urban infill opportunity in the Westlake / MacArthur Park submarket of Los Angeles. The offering consists of a fully occupied two-story office building at 1833 W 8th Street (APN: 5142-006-009 | individually marketed on MLS #CV26002200) totaling approximately 20,600 rentable square feet, situated on an approximately 12,023 SF lot and zoned C2-1 (City of Los Angeles). The office building provides stable in-place income with expense optimization potential and reflects an approximate 4.9% cap rate based on office building income only.



The sale also includes a separately parceled parking lot at 741 S Bonnie Brae Street (APN: 5142-003-021 | individually marketed on MLS #CV26002139) featuring approximately 36 striped spaces with alley access, located on an approximately 9,150 SF lot and zoned R4-1 (City of Los Angeles). The parking parcel provides existing cash flow and strategic value in a dense, transit-oriented market with limited parking supply.



The two assets are immediately adjacent and just steps from one another, allowing for unified control of income, parking, and long-term optionality. Combined land area is approximately 21,173 square feet. Together, the assets are positioned in a high-density urban infill location near Downtown Los Angeles and Koreatown.



The properties are being marketed primarily as a package sale. Ownership may consider separate transactions on a case-by-case basis, at seller's sole discretion.



Buyer to assume all existing tenants. Property sold AS-IS.



All information deemed reliable but not guaranteed. Buyers and their representatives are encouraged to conduct their own independent due diligence regarding financials, zoning, lot sizes, and development potential.

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Listing ID: 8e897bc0-a42c-47d7-8ee3-2b38cb175bbe