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2649 Marengo St
Los Angeles, CA 90033
No LA Rent Control | $178/SF | 9.71 GRM · Multifamily Property For Sale
·
24 Units
Investment Highlights
- Constructed in 1989 – Not Subject to Los Angeles Rent Control
- Incredibly Spacious Floorplans – 29,096 SF Spread Over 24 Units
- RTI Plans for Six Potential ADUs Within Covered Parking Area (Buyer to Verify)
- Attractively Priced at $178 per Square Foot, a 9.71 Current GRM, and a 6.01% Current CAP Rate
- Desirable Unit Mix – 75% of Apartments Feature Two Bedrooms or More
- Attractively Priced at Only $216,667 per Unit, or $173,333 per Unit Upon ADU Completion
Property Facts
| No. Units | 24 | Lot Size | 0.68 AC |
| Property Type | Multifamily | Building Size | 29,096 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1989 |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Zoning | RD1.5, Los Angeles - Residential | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 29,096 SF |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | RD1.5, Los Angeles - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Playground
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,510 | 900 |
| 2+1 | 10 | $1,874 | 1,100 |
| 3+2 | 6 | $1,323 | 1,400 |
| 4+2 | 2 | $1,626 | 1,600 |
Property Taxes
| Parcel Number | 5177-002-054 | Improvements Assessment | $1,601,466 |
| Land Assessment | $753,629 | Total Assessment | $2,355,095 |
Property Taxes
Parcel Number
5177-002-054
Land Assessment
$753,629
Improvements Assessment
$1,601,466
Total Assessment
$2,355,095
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