1800 Marengo St
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1800 Marengo St
2,354 SF 100% Leased Retail Building Los Angeles, CA 90033 $2,100,000 ($892/SF)
Investment Highlights
- Ideal Owner/User Opportunity perfect for a restaurant or medical operator wanting a location directly across from LA General Medical Center
- Freeway Adjacent Location one block from the I-5 on ramp and just minutes to the I-5/1-10 Interchange
- Directly across the street from the planned $1B redevelopment of the Historic General Hospital
- Tremendous Redevelopment Opportunity allowing up to 3.0 FAR under the Boyle Heights Community Plan
- Immediate Proximity to the LA General Medical Center - one of the largest teaching hospitals in the nation and USC Health Sciences Campus
- Infill Los Angeles Demographics with over 314,000 residents having an average household income of $95,660 within 3 miles
Executive Summary
1800 Marengo Ave/1028 Mark Street presents a tremendous opportunity for an owner/user, value-add investor or developer to acquire a ±10,013 SF site with boundless possibilities given its proximity to LA General Medical Center, major freeways and the transforming landscape within Boyle Heights.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,354 SF
Building Class
B
Year Built
1991
Price
$2,100,000
Price Per SF
$892
Percent Leased
100%
Building Height
1 Story
Building FAR
0.23
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
C2 - C-2/R-1 (Part of the Boyle Heights Community Plan allowed for High Density Residential Development
Frontage
Walk Score®
Very Walkable (75)
Transit Score®
Excellent Transit (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5201-017-053 | Improvements Assessment | $357,000 |
| Land Assessment | $663,000 | Total Assessment | $1,020,000 |
PROPERTY TAXES
Parcel Number
5201-017-053
Land Assessment
$663,000
Improvements Assessment
$357,000
Total Assessment
$1,020,000
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1800 Marengo St
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