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1800 Marengo St 2,354 SF Retail Building Los Angeles, CA 90033 $2,040,500 CAD ($866.82 CAD/SF)



INVESTMENT HIGHLIGHTS
- Ideal for Owner/User Opportunity perfect for a Restaurant or Medical User located across from the LA General Hospital
- Freeway Adjacent Located one block from the I-5 on ramp and minutes from the I-5/I-10 Interchange
- Originally used as a three station food court & later converted into a Restaurant. Can be converted back to original use as a three station food court
EXECUTIVE SUMMARY
Located on a corner lot in the Boyle Heights community across from Los Angeles General Medical Center. This property is currently being used as a Restaurant with zoning as C2. Additional parcel #5201-017-015 with zoning LAR1 with address 1028 Mark St. can be sold with the property or separately. The additional lot of 4605 sq feet is currently used as extra parking space for the Restaurant. Prime opportunity for building and development for the right buyer. Combined lots can be developed into mixed use for apartment buildings with up to 25 units. Buyer to verify building use and limits with the city for expansion or development. Total Land square feet for two parcels are +/-10,013. Total Rentable sq is +/- 2,354. 5, 10, 101, and 110 freeways are all closely accessible. Conveniently located in close proximity to Los Angeles General Hospital and minutes away from Downtown Los Angeles, Union Station, Dodger Stadium, and Cal State LA. Buyers to do all investigations and satisfy themselves as Agent/Broker does not guarantee accuracy of stated herein property conditions, descriptions, and features. ***Price for lot is not part of listing and is fully negotiable. Submit offer on separate contract. ***
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
$2,040,500 CAD
Price Per SF
$866.82 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial
Frontage
Walk Score®
Very Walkable (74)
Transit Score®
Excellent Transit (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5201-017-053 | Improvements Assessment | $511,730 CAD |
| Land Assessment | $950,355 CAD | Total Assessment | $1,462,085 CAD |
PROPERTY TAXES
Parcel Number
5201-017-053
Land Assessment
$950,355 CAD
Improvements Assessment
$511,730 CAD
Total Assessment
$1,462,085 CAD
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1800 Marengo St
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