Property Attributes
- MLS#19494264
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaBoyle Heights
- Zip90033
- Style
- Price$ 6,360,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage29096
- Lot Size0.68 Acres
Listing Provided Courtesy Of:
Roderick 'Rick' Raymundo with Marcus & Millichap.
Property Description
We are pleased to announce the sale of 2649 Marengo Street, a rare opportunity to purchase a mid-size multifamily property with expiring covenants that had previously been restricting rents. Constructed in 1988, the property is not subject to Los Angeles rent control and features an outstanding unit mix, with 75% of the units holding two, three, or four bedrooms. Available for only $218 per square foot, the property features spacious floorplans that may help the new investor to command much higher rents if the existing rent covenants expire.The sprawling lot features ample parking, with approximately 46 covered and open parking spaces atop the concrete driveway. A large playground and sandbox occupy one corner of the gated complex, while each of the three apartment groupings contains its own on-site laundry room, helping to provide additional cash flow to the owner.
| Price History | |
|---|---|
| 7/30/2019 | Listed $6,360,000 |
General Features
| Assessments | None |
| Directions | The property is conveniently located less than a half-mile from the LAC + USC Medical Center and the Keck School of Medicine campus, a major employer for the surrounding area. |
| Listagentaor | CLAW |
| Listing Agent | Roderick 'Rick' Raymundo - BRE#01357019 |
| Listing Agent State License | 01357019 |
| MLS Area | BOYH - Boyle Heights |
| Price Per Square Foot | 218.59 |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
| Total Units | 24 |
| Zoning | LARD1.5 |
Interior Features
| Air Conditioning Y/N | Yes |
| Cooling | See Remarks |
| Laundry Features | See Remarks |
| Laundry Y/N | Yes |
| Total Stories | 3 |
Exterior Features
| Building Area Total | 29096.00 |
| Lot Features | Sprinklers None |
| Lot Size Acres | 0.6841 |
| Lot Size Area | 29798.0000 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 29798.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Parking Features | Covered |
| Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Based on information from California Regional Multiple Listing Service, Inc. as of December 15, 2019 5:35 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The data relating to real estate for sale on this web site comes in whole or in part from the Victor Valley Internet Data Exchange program of the Victor Valley Multiple Listing Service. Information being provided is for consumer’s person, ie, non-commercial use and may NOT be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
