1800 Marengo St - Restaurant FOR SALE


Los Angeles, CA 90033- Lincoln Heights
$1,475,000 USD
323-305-4999
1800 Marengo St, Los Angeles, CA for Sale
$1,475,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

1800 Marengo St
Los Angeles, CA 90033
Lincoln Heights


HIGHLIGHTS

  • Ideal Owner/User Opportunity perfect for a restaurant or medical operator wanting a location directly across from LA General Medical Center
  • Tremendous Redevelopment Opportunity allowing up to 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
  • 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 $1B redevelopment of the Historic General Hospital
  • Infill Los Angeles Demographics with over 314,000 residents having an average household income of $95,660 within 3 miles

OVERVIEW

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. ***

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$627 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,408 SF

ZONING

C2

APN/PARCEL ID

5201-017-053

ASK ABOUT THIS PROPERTY

Summer SalinasThe Real Estate Company JGK Inc.More Info
323-305-4999

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Summer SalinasThe Real Estate Company JGK Inc.More Info
323-305-4999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.