Listed by LFC Marketing Services, Inc.
$1,500,000
Portfolio of 2 For Sale
Details
Property Type Land, Office
Sub Type Traditional Office
Square Footage 20,600
Price per SqFt $73
Class C
Year Built 1960
Stories 2
Land
Marketing description
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 f
Investment 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.
Listing Contacts
Listed by LFC Marketing Services, Inc.
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