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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.
Property Type(s):
Commercial
| Last Updated | 1/5/2026 | Year Built | 1960 |
|---|---|---|---|
| Community | C16 - Mid Los Angeles | County | Los Angeles |
Additional Details
| AIR | Central Air, Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | C16 - Mid Los Angeles |
| CONSTRUCTION | Brick, Concrete |
| HEAT | Natural Gas, Zoned |
| INTERIOR | Elevators, PhoneSystem |
| LOT | 0.4861 acre(s) |
| LOT DESCRIPTION | Corner Lot, Rectangular Lot |
| LOT DIMENSIONS | 21173 |
| STORIES | 2 |
| TAXES | 25343 |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
| WATER | Public |
Location
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Listed with Century 21 Masters
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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