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1800 Marengo St 0.23 Acres of Commercial Land Offered at $2,163,611 CAD in Los Angeles, CA 90033
Investment Highlights
- Priced to Sell!
- Tremendous Redevelopment Opportunity with up to an allowed 3.0 FAR under the Boyle Heights Community Plan.
- Freeway Adjacent Location one block from the I-5 on ramp and just minutes to the I-5/1-10 Interchange.
- Ideal Owner/User Opportunity perfect for a restaurant or medical operator seeking a location directly across from LA General Medical Center.
- Immediate Proximity to the LA General Medical Center - one of the largest teaching hospitals in the nation and USC Health Sciences Campus.
- 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
| Price | $2,163,611 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Total Lot Size | 0.23 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | LAC2 - 1800 Marengo Street - 5,408 SF - APN: 5201-017-053 - Zoned C-2 1028 Mark Street - 4,605 SF - APN: 5201-017-015 - Zoned R-1 | ||
| Price | $2,163,611 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.23 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | LAC2 - 1800 Marengo Street - 5,408 SF - APN: 5201-017-053 - Zoned C-2 1028 Mark Street - 4,605 SF - APN: 5201-017-015 - Zoned R-1 |
1 Lot Available
Lot
| Price | $2,163,611 CAD | Lot Size | 0.23 AC |
| Price Per AC | $9,412,446.25 CAD |
| Price | $2,163,611 CAD |
| Price Per AC | $9,412,446.25 CAD |
| Lot Size | 0.23 AC |
1800 Marengo Street - 5,408 SF - APN: 5201-017-053 - Zoned C-2 1028 Mark Street - 4,605 SF - APN: 5201-017-015 - Zoned R-1 Los Angeles, CA 90033
Description
1800 Marengo Ave/1028 Mark Street presents a tremendous opportunity for an owner/user, value-add investor or developer to acquire a ±2,354 SF restaurant building/±10,013 SF site with boundless possibilities given its proximity to LA General Medical Center, major freeways and the transforming landscape within Boyle Heights.
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5201-017-053 | Improvements Assessment | $505,069 CAD |
| Land Assessment | $937,986 CAD | Total Assessment | $1,443,056 CAD |
Property Taxes
Parcel Number
5201-017-053
Land Assessment
$937,986 CAD
Improvements Assessment
$505,069 CAD
Total Assessment
$1,443,056 CAD
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1800 Marengo St
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