3242 8th & 811-819 Mariposa | 3242 W 8th St
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3242 8th & 811-819 Mariposa 3242 W 8th St
21,265 SF 90% Leased Office Building Los Angeles, CA 90005 £7,824,500 (£368/SF) 2.54% Net Initial Yield
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Development Sale
Property Type
Office
Property Subtype
Building Size
21,265 SF
Building Class
C
Year Built
1956
Price
£7,824,500
Price Per SF
£368
Net Initial Yield
2.54%
NOI
£198,742
Percent Leased
90%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
10,633 SF
Slab to Slab
11 ft
Building FAR
0.83
Lot Size
0.59 AC
Zoning
C2 - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses
Parking
36 Spaces (1.69 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Route
- Fenced Lot
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 111
- 824 SF
- Office
- Partial Build-Out
- Now
- 2nd Fl-Ste 205
- 1,276 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 111 | 824 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 205 | 1,276 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 111
| Size |
| 824 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 205
| Size |
| 1,276 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (79)
PROPERTY TAXES
| Parcel Number | 5094-018-010 | Improvements Assessment | £890,294 |
| Land Assessment | £1,780,588 | Total Assessment | £2,670,881 |
PROPERTY TAXES
Parcel Number
5094-018-010
Land Assessment
£1,780,588
Improvements Assessment
£890,294
Total Assessment
£2,670,881
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3242 8th & 811-819 Mariposa | 3242 W 8th St
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