1833 8th Street , Los Angeles, CA 90057
  • MLS#: CV26000487 ( Office )
  • Street Address: 1833 8th Street
  • Viewed: 3
  • Price: $4,700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 9
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90057
  • Provided by: Century 21 Masters
  • Contact: Enrique Enrique
  • California Regional MLS IDX
  • DMCA Notice
  • 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 sellers 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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Features
Accountingtype
  1. Actual
Additional Parcels Description
  1. 5142003021
Advertisingexpense
  1. 0.00
Assetclass
  1. Land/Unimproved
  2. Office
Builder Name
  1. The 1833 Building
Building Area Total
  1. 20600.00
Building Expenses
  1. 0.00
Building Features
  1. Elevators
  2. Phone System
Building Name
  1. The 1833 Building
Carport Spaces
  1. 6.00
Commoninterest
  1. None
Construction Materials
  1. Brick
  2. Concrete
Cooling
  1. Central Air
  2. Zoned
Country
  1. US
Current Financing
  1. None
Current Use
  1. Commercial
Current Use Comments
  1. Multi Office Building with Parking
Electric
  1. Standard
Electric Expense
  1. 0.00
Expense Year
  1. 2025
Heating
  1. Natural Gas
  2. Zoned
Industrialtype
  1. Warehouse/Office
Insurance Expense
  1. 9613.50
Land Use
  1. Office
Laundry Features
  1. None
Netoperatingincome
  1. 158854.20
Otherincome1
  1. 1476.00
Parcel Number
  1. 5142006009
Parking Ratio
  1. 2.00
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Office
Residentmanagerexpense
  1. 0.00
Retail Square Footage
  1. 20600
Roof
  1. Flat
Security Features
  1. Resident Manager
Totalbuildingnra
  1. 20600
Totalexpenses
  1. 268877.69
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 36.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Phone Connected
  5. Sewer Connected
  6. Water Connected
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1960
Year Built Source
  1. Assessor
Zoning
  1. C2 + R4