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Auction #554

Fully Occupied Major Value-Add Building & Parking Lot - Los Angeles

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  • Auction #
    554
  • Interior Space:
    ± 20,600 SF
  • Lot Size:
    ±0.43 acres
  • Transaction Fee:
    3%
  • Broker
    Co-op:
    Inquire Within

Fully Occupied Major Value-Add Building & Parking Lot - Los Angeles

Office/Retail Property For Sale in Los Angeles, CA

1833 W 8th St, Los Angeles, CA 90057

FRE & Century 21 Partners are pleased to present the Online Auction Plus event (ALLOWS FOR CONTINGENCIES) for the ±20,600 SF fully-occupied building and adjacent fully-fenced parking lot in the in the Westlake / MacArthur Park submarket of Los Angeles, CA.

Property Highlights:

  • Fully occupied two-story office building with approximately 26 office units located at 1833 W 8th Street, Los Angeles, CA
  • The property consists of approximately 20,600 rentable square feet and provides stable in-place income with long-term upside potential through improved operations, expense efficiencies, and future leasing strategies.
  • The property benefits from its urban infill location near Downtown Los Angeles and Koreatown, supporting consistent tenant demand.
  • Most tenants park immediately across the street in the adjacent parking lot at 741 S Bonnie Brae Street (APN: 5142-003-021), which is directly adjacent and just steps from the building, providing convenient and controlled parking in a parking-constrained, transit-oriented area.
  • Parking lot is a rare urban infill parking and development opportunity with fully fenced lot with approximately 61 feet of street frontage and 150 feet of depth, currently improved with approximately 36 striped parking spaces and alley access.
  • Parking lot is zoned R4-1 (City of Los Angeles) and is located within a Transit-Oriented Communities (TOC) Tier 3 and ED1-eligible area, offering compelling long-term residential or mixed-use redevelopment potential, subject to buyer verification and City approvals.
  • Office building address: 1833 W 8th Street, Los Angeles, CA 90057
  • Parking lot address: 741 S Bonnie Brae Street, Los Angeles, CA 90057
  • Downloadable Documents

    Property Information

    Auction Information

    User Access Form

    Vault

    Property Viewing

    If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

    If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

    Start Temporary Access Agreement

    Financing

    This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

    For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

    Broker of Record for this property: Century 21 Partners, CA

    All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

    Conditions may be included with your bid

    BID DEADLINE:   Jun 04 5:00 pm PDT
    Minimum Bid: US $1,500,000
    Previous List Price:US $5,000,000
    Required bid deposit: US $1,000
    Auction Plus bids are sealed (not displayed).
    Patrick Kelleher Auction Specialist The Future of Real Estate (FRE) (949) 615-0047 pkelleher@fre.com
    Enrique Vasquez-Plaza Property Representative Century21 Masters (626) 324-0388 enriquec21masters@gmail.com
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    Conditions may be included with your bid

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    Bid Deadline: Jun 04 5:00 pm PDT
    Fully Occupied Major Value-Add Building & Parking Lot - Los Angeles
    Office/Retail Property For Sale in Los Angeles, CA
    1833 W 8th St
    Los Angeles, CA 90057
    Auction # 554

    Conditions may be included with your bid

    Bid Deadline:
    Jun 04 5:00 pm PDT
    Minimum Bid
    US $1,500,000
    Previous List Price
    US $5,000,000
    Required bid deposit
    US $1,000
    Required bid deposit: US $1,000 How to Bid
    Auction Plus bids are sealed (not displayed).
    Property Details
    • Los Angeles County
      Los Angeles, CA
    • Property Type: Commercial Property
    • Interior Space: ± 20,600 SF
    • Lot Size: ±0.43 acres
    • Transaction Fee: 3%
    • Broker Co-op: Inquire Within

    FRE & Century 21 Partners are pleased to present the Online Auction Plus event (ALLOWS FOR CONTINGENCIES) for the ±20,600 SF fully-occupied building and adjacent fully-fenced parking lot in the in the Westlake / MacArthur Park submarket of Los Angeles, CA.

    Property Highlights:

  • Fully occupied two-story office building with approximately 26 office units located at 1833 W 8th Street, Los Angeles, CA
  • The property consists of approximately 20,600 rentable square feet and provides stable in-place income with long-term upside potential through improved operations, expense efficiencies, and future leasing strategies.
  • The property benefits from its urban infill location near Downtown Los Angeles and Koreatown, supporting consistent tenant demand.
  • Most tenants park immediately across the street in the adjacent parking lot at 741 S Bonnie Brae Street (APN: 5142-003-021), which is directly adjacent and just steps from the building, providing convenient and controlled parking in a parking-constrained, transit-oriented area.
  • Parking lot is a rare urban infill parking and development opportunity with fully fenced lot with approximately 61 feet of street frontage and 150 feet of depth, currently improved with approximately 36 striped parking spaces and alley access.
  • Parking lot is zoned R4-1 (City of Los Angeles) and is located within a Transit-Oriented Communities (TOC) Tier 3 and ED1-eligible area, offering compelling long-term residential or mixed-use redevelopment potential, subject to buyer verification and City approvals.
  • Office building address: 1833 W 8th Street, Los Angeles, CA 90057
  • Parking lot address: 741 S Bonnie Brae Street, Los Angeles, CA 90057
  • Downloadable Documents
    User Access Form
    Property Viewing

    Property Viewing

    If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

    If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

    Start Temporary Access Agreement
    Financing

    Financing

    This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

    For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

    Contact Us
    Patrick Kelleher Auction Specialist The Future of Real Estate (FRE) (949) 615-0047 E: pkelleher@fre.com
    Enrique Vasquez-Plaza Property Representative Century21 Masters (626) 324-0388 E: enriquec21masters@gmail.com
    Broker of Record for this property: Century 21 Partners, CA

    All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

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