3242 W 8th St - Medical FOR SALE


Los Angeles, CA 90005
$10,000,000 USD
323-919-0888
3242 W 8th St, Los Angeles, CA for Sale
$10,000,000 USD
Medical - FOR SALE
1/8
null | 2.54% Cap Rate

3242 W 8th St
Los Angeles, CA 90005


OVERVIEW

Combined Listing for 3242 W 8th St, 811 S Mariposa Ave, and 819 S Mariposa Ave, Los Angeles, CA Overview: This listing includes three adjacent parcels totaling 25,700 sq. ft. of land, located in the vibrant Koreatown neighborhood of Los Angeles. The properties are sold as a single assemblage, presenting a rare development opportunity for mixed-use or residential projects. Property Details: 3242 W 8th St: Size: 12,174 sq. ft. Zone: C2-1 (Commercial Zone) Current Use: Office building 811 S Mariposa Ave: Size: 6,763 sq. ft. Zone: R4-2 (Residential Zone) Current Use: 4 Unit Apartment 819 S Mariposa Ave: Size: 6,763 sq. ft. Zone: R4-2 (Residential Zone) Current Use: 4 Unit Apartment Development Potential: The combined zoning (C2 and R4) allows for a high-density development, making this assemblage ideal for: Mixed-use residential and retail projects Multi-family developments Hotel or co-living spaces (with possible entitlements) The location is within close proximity to public transit, retail corridors, and popular destinations in Koreatown, enhancing its appeal for future tenants or buyers. Key Highlights: Prime Location: Centrally located in Koreatown, one of the most dynamic and dense neighborhoods in Los Angeles. Combined Land Area: 25,700 sq. ft. Zoning Versatility: The mix of commercial (C2-1) and high-density residential (R4-2) zoning offers a broad range of potential uses. Unified Sale: The seller offers all three properties as a single assemblage.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$470 USD /SF

CAP RATE

2.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3242 8th & 811-819 Mariposa

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

C2

APN/PARCEL ID

5094-018-010

ASK ABOUT THIS PROPERTY

Kyungho Hwang4B Advisors, Inc.More Info
323-919-0888

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Kyungho Hwang4B Advisors, Inc.More Info
323-919-0888

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