$3,700,000
ATTENTION INVESTORS. Fully occupied two-story office building with approximately 26 office units located at 1833 W 8th Street, Los Angeles, CA 90057 (APN: 5142-006-009) in the Westlake / MacArthur Park submarket. The property consists of approximately 20,600 rentable square feet and provides stable in-place income with long-term upside potential through improved operations, expense efficiencies, and future leasing strategies. This is a proven income-producing asset with demonstrated cash flow and meaningful upside for a buyer seeking to enhance performance through active management. The property benefits from its urban infill location near Downtown Los Angeles and Koreatown, supporting consistent tenant demand. Most tenants park immediately across the street in the adjacent parking lot at 741 S Bonnie Brae Street (APN: 5142-003-021), which is directly adjacent and just steps from the building, providing convenient and controlled parking in a parking-constrained, transit-oriented area. The office building is being marketed individually and is also available as part of a two-asset package sale that includes the adjacent parking lot. Package MLS #: CV26000487 (includes 1833 W 8th St and 741 S Bonnie Brae St). The parking lot is also listed separately under MLS #: CV26002139. Buyer to assume all existing tenants. Property sold AS-IS. All information deemed reliable but not guaranteed. Buyers and their representatives are advised to conduct their own independent due diligence regarding financials, zoning, parking arrangements, and development potential.
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Listed by Enrique Vasquez-Plaza with Century 21 Masters (800) 463-0977
Property Type
Office
Status
Active
MLS Number
CV26002200
Year Built
1960
Lot Size
0.28 acres