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$ 1,500,000

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Price Dropped by $3.2M

1833 W 8th ST Los Angeles, CA 90057

0.49 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26000487

HOA Y/N No

Year Built 1960

Annual Tax Amount $25,343

Tax Year 2025

Lot Size 0.486 Acres

Lot Dimensions Public Records

Property Sub-Type Office

Property Description

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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning C2 + R4

Interior

Heating Natural Gas, Zoned

Cooling Central Air, Zoned

Inclusions Two Parcels: 1833 W 8th Street (APN: 5142-006-009) & 741 S Bonnie Brae Street (APN: 5142-003-021)

Fireplace No

Laundry None

Exterior

Carport Spaces 6

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Flat

Present Use Commercial

Total Parking Spaces 42

Building

Lot Description Corner Lot, Rectangular Lot, Walkstreet

Story 2

Water Public

Others

Tax ID 5142006009

Security Features Resident Manager

Acceptable Financing Cash, Submit

Listing Terms Cash, Submit

Special Listing Condition Standard

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Listed by Enrique Vasquez-Plaza Century 21 Masters 626-324-0388, DRE #01868555

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1833 W 8th ST Los Angeles, CA 90057

Key Details

Location

Interior

Exterior

Building

Others

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1833 W 8th ST