1051 Kingston Ave & 1920 Marengo St 2 Office Properties Offered at $7,000,000 in Los Angeles, CA

RARE OPPORTUNITY TO ACQUIRE AN ON-CAMPUS MEDICAL OUTPATIENT BUILDING (MOB) IN DTLA
* Rare opportunity to acquire an on-campus medical outpatient building (MOB) in Downtown Los Angeles, the best performing MOB market in Metro Los Angeles. First time made available for sale since the property was developed almost fifty years ago.

* Ability to immediately occupy approximately 4K SF (1051 Kingston) of clinical medical space and grow into approximately 16K SF (1920 Marengo) of medical/behavioral health space upon October 31, 2026.

* Located within the East Los Angeles State Enterprise Zone and within a half mile of a major transit stop, the Property may utilize lower parking for various uses including medical and multifamily development.

TOP PERFORMING OUTPATIENT MEDICAL MARKET
* Downtown Los Angeles’ MOB market is comprised of 20 buildings totaling approximately ~2.6m SF, with the lowest vacancy rate in the Greater Los Angeles area at an extremely low 2.8%, making it the top performing MOB market in Metro Los Angeles.

* Adjacent to Los Angeles General Medical Center (LAC + USC Medical Center), a 600-bed public world-class teaching hospital and Level I Trauma Center, and the 79-acre USC Health Sciences campus which houses the Keck School of Medicine of USC, the School of Pharmacy, and a multitude of research laboratories as well as three major teaching hospitals.

* Major future investment in immediate area through proposed transformation of the vacant iconic 1.68 million SF LA County General Hospital building into 885 residential units, 166,000 SF of hotel uses, 168,000 SF of retail, 65,000 SF of laboratory and medical offices; 85,000 SF of community and general services; and 531,000 SF of parking.

DENSELY POPULATED COMMUTER CORRIDOR WITH EXCELLENT REGIONAL ACCESS
* Ideally situated on Marengo Street, a commercial corridor connector that ties many of the nearby neighborhoods to the densely populated Metro Los Angeles area.

* Close to 30k cars traversing the neighborhood each day supporting a multitude of nearby amenities. Within a 3-mile radius there are 107,371 households with a population of 308,907.

* Located in the heart of the Metro area of Los Angeles, the Property benefits from immediate access to a multitude of major freeways including the Golden State (5), Harbor (110), San Bernardino (10), and Long Beach (710) Freeways, providing premier regional access to the Greater LA area.