$5,295,000
- Beds
- Unknown
- sq ft
- 29,096
2649 Marengo St, Los Angeles, CA 90033
2649 Marengo St
Los Angeles, CA 90033
- 183 days on market
- Price drop $100,000↓
Priced well-below replacement cost at just $182/SF, 2649 Marengo Street is a 24-unit apartment property for sale in Los Angeles’ Boyle Heights neighborhood. The property’s desirable unit mix, spacious floor plans, huge upside potential, and great location proximate to Downtown Los Angeles amenities make this an excellent value-add opportunity. Additionally, there may be potential to develop three ADU's (buyer to verify).
2649 Marengo Street is a three-story, 29,096-square foot 1989 construction with a strong mix of six one-bed/one-bath, 10 two-bed/one-bath, six three-bed/two-bath, and two four-bed/two-bath units. The units boast extra large floor plans, making this property an attractive rental option. Each building has its own laundry room, and the property also offers a playground, 29 surface parking spots, and 22 tuck-under parking spots.
Located in Boyle Heights, the property has easy access to Downtown Los Angeles’ entertainment and major employers, such as the nearby USC Medical Center. Boyle Heights’ proximity to Downtown has also made it a target of redevelopment in recent years, with nearby developments including new student housing, expansion at the medical center, a new hotel, and more.
Details
Property type
Mixed Use
Lot size
0.6841 acres
Price per sq ft
$182
Year built
1989
Price History
09/16/2024
CRMLS #PW24056719
Price change
$5,295,000
-1.85%
08/17/2024
CRMLS #PW24056719
Removed
$5,395,000
07/24/2024
CRMLS #PW24056719
Price change
$5,395,000
-1.82%
Schools & Community
Neighborhood:
Boyle Heights
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/21/2024 at 4:00 AM
Listing updated: 09/17/2024 at 1:50 AM
Listed by: Steven Bogoyevac, Steven M. Bogoyevac, Broker Phone #: (562) 436-5800
MLS: CRMLS #PW24056719
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