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Updated as of 4/15/2026.-AUCTION SALE: Century 21 Masters and FRE Auctions are pleased to present this Online Auction Plus Event. STARTING BID: $1,500,000. PACKAGE INCLUDES TWO ADJACENT ASSETS. "¢ ASSET 1: Fully occupied two-story office building located at 1833 W 8th Street (APN: 5142-006-009), totaling approximately 20,600 rentable square feet on an approximately 12,023 SF C2-1 zoned lot, providing stable in-place income with significant upside as current rents are below market, offering a strong opportunity to stabilize and increase cash flow. The asset reflects an estimated 5%-6% in-place cap rate based on current NOI and generates approximately $400,000 in gross annual income with stable occupancy (26 tenants). "¢ ASSET 2: Separately parceled parking lot located at 741 S Bonnie Brae Street (APN: 5142-003-021), featuring approximately 36 striped spaces with alley access on an approximately 9,150 SF R4-1 zoned lot, offering existing income and strategic value in a dense, transit-oriented area with limited parking supply. The assets are adjacent and operate as a unified investment, offering control of income, parking, and future optionality. Combined land area is approximately 21,173 square feet, near Downtown Los Angeles and Koreatown. Property offered via auction with reserve. All offers must be submitted through the auction platform. Seller reserves the right to accept, reject, or negotiate offers prior to or after the bidding period. Buyer to assume all existing tenants. Property sold AS-IS. All information deemed reliable but not guaranteed. Buyers to conduct their own due diligence.
Property Type(s):
Commercial
| Last Updated | 4/14/2026 | 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.
This IDX solution is (c) Diverse Solutions 2026.
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