Back

1 of 27

2 of 27

3 of 27

4 of 27

5 of 27

6 of 27

7 of 27

8 of 27

9 of 27

10 of 27

11 of 27

12 of 27

13 of 27

14 of 27

15 of 27

16 of 27

17 of 27

18 of 27

19 of 27

20 of 27

21 of 27

22 of 27

23 of 27

24 of 27

25 of 27

26 of 27

27 of 27

2649 Marengo St
Los Angeles, CA 90033 Boyle Heights

$5,295,000 USD

Apartments For Sale • 29,096 SF

Property Details

Property Type Apartments
Total Building Size 29,096 SF
Lot Size 0.68 AC
Building Class C
Year Built 1989
Zoning RD1.5, Los Angeles

60 Transit Score

69 Walk Score

                
                    Highlights
                
                                1989 Construction, 24-unit apartment complex with with massive upside potential in Los Angeles’ redeveloping Boyle Heights neighborhood
                            
                                This property is not subject to L.A. city rent control and falls under AB1482
                            
                                Priced well-below replacement cost at just $182/SF
                            
                                Potential to develop six ADU's (buyer to verify)
                            
                                Offered at a 5.38% current cap rate with upside to a market cap well over 12%
                            
                                Desirable mix of 75 percent two-, three- and four-bedroom units

Property Flyers

OM - 2649 Marengo 10.2024

Amenities

24 Hour Access
Air Conditioning
Fenced Lot
Laundry Facilities
Playground
Heating
Kitchen
Refrigerator
Oven
Tub/Shower
Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	2.6 mi
Cal State La Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains)	8 min	-	6.6 mi
Airport	Drive	Walk	Distance
Bob Hope	23 min	-	17.0 mi
Los Angeles International	30 min	-	18.7 mi
Long Beach (Daugherty Field)	31 min	-	21.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	29
Type:	Surface
Included in Rent:	Yes

Steve Bogoyevac 562-257-1231 Marcus & Millichap

2649 Marengo St Los Angeles, CA 90033 Boyle Heights