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1800 Marengo St 2,354 SF Retail Building Los Angeles, CA 90033 $1,560,000 ($662.70/SF)
Investment Highlights
- Priced to Sell!
- Tremendous Redevelopment Opportunity with up to an allowed 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.
- Ideal Owner/User Opportunity perfect for a restaurant or medical operator seeking 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 $1-$2B redevelopment of the Historic General Hospital. 318K residents with AHHI of $105k within 3 miles.
Executive Summary
Priced to sell! CBRE Investment Properties has been retained by Ownership as the exclusive marketing adviser for 1800 Marengo Street/1028 Mark Street in Los Angeles, Los Angeles County, CA (“the Property”). Situated on a ±10,013 SF lot spanning two parcels, the Property includes a ±2,354 SF vacant restaurant building. Ideally located directly across from Los Angeles General Medical Center, one of the largest academic hospitals in the United States with over 600-beds, the Property offers an incredibly rare opportunity for a restaurant or medical owner/user, value-add investor or developer.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,354 SF
Building Class
B
Year Built
1991
Price
$1,560,000
Price Per SF
$662.70
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C2 - 1800 Marengo Street: C-2 Commercial
1028 Mark Street: R-1 Residential
Frontage
Amenities
- 24 Hour Access
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5201-017-053 | Improvements Assessment | $364,140 |
| Land Assessment | $676,260 | Total Assessment | $1,040,400 |
Property Taxes
Parcel Number
5201-017-053
Land Assessment
$676,260
Improvements Assessment
$364,140
Total Assessment
$1,040,400
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Contact the Sale Advisor
1800 Marengo St