MLS® ID: 19494264

2649 MARENGO Street

Los Angeles, California, 90033

$6,360,000 Active
  • - SQFT
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.
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Listing courtesy of Marcus & Millichap

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    90033
  • Office name
    Marcus & Millichap
  • SQFT
    0
  • Bedrooms
    0
  • Zoning type
    LARD1.5
  • Year built
    1988
  • Lot size
    29798.00
  • Tax year
    0
  • Agent name
    Roderick 'Rick' Raymundo
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    CLW-X7515101
  • Agent ID
    CLW-C126070

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