Westlake/LA: 1833 W 8th + 741 S Bonnie B FOR SALE


Los Angeles, CA - MacArthur Park
$4,700,000 USD
626-324-0388
, Los Angeles, CA for Sale
$4,700,000 USD
FOR SALE
1/12
null | 4.9% Cap Rate

Westlake/LA: 1833 W 8th + 741 S Bonnie B
Los Angeles, CA
MacArthur Park


HIGHLIGHTS

  • (x2)Dual-Asset Offering: Fully occupied office building plus separately parceled parking lot in a dense urban infill location.
  • Operational Flexibility: Supports continued operation, income enhancement, or long-term strategic planning.
  • Parking Control: Flat, fully fenced parking lot with approximately 36 striped spaces and alley access.
  • Strategic Infill Location: Situated in the Westlake / MacArthur Park submarket near Downtown Los Angeles and Koreatown.
  • Two-Parcel Configuration: Adjacent assets allow enhanced control and optionality not typically available in single-asset offerings.
  • Development Potential: proximity to transit may support residential or mixed-use redevelopment concepts, subject to buyer verification & approvals.

OVERVIEW

4.9% CAP RATE approx. on building only at 3.7M (for accurate figures, refer to OM) SALE INCLUDES TWO ASSETS. Century 21 Masters Commercial presents a rare opportunity to acquire two immediately adjacent assets 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) 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 below-market rents and 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 Bonnie Brae Street (APN: 5142-003-021) 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 located 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. Buyer to assume all existing tenants. Property sold AS-IS. All information is 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. ----DO NOT DISTURB OCCUPANTS----

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Enrique Vasquez-PlazaCentury 21 MastersMore Info
626-324-0388

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Enrique Vasquez-PlazaCentury 21 MastersMore Info
626-324-0388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.