Westlake/LA: 1833 W 8th + 741 S Bonnie B 1 Offices Properties Offered at $4,700,000 in Los Angeles, CA

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----