1800 Marengo St - Restaurant FOR SALE


Los Angeles, CA 90033- Lincoln Heights
$1,560,000 USD
714-922-5916
1800 Marengo St, Los Angeles, CA for Sale
$1,560,000 USD
Restaurant - FOR SALE
1/9
null | Request Cap Rate

1800 Marengo St
Los Angeles, CA 90033
Lincoln Heights


HIGHLIGHTS

  • Priced to Sell!
  • Ideal Owner/User Opportunity perfect for a restaurant or medical operator seeking a location directly across from LA General Medical Center.
  • 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.
  • 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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,560,000 USD

PRICE/SF

$663 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,013 SF

ZONING

C2

APN/PARCEL ID

5201-017-053

ASK ABOUT THIS PROPERTY

Justin MarloweCBRE, Inc.More Info
714-922-5916

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

Justin MarloweCBRE, Inc.More Info
714-922-5916

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