2060 Marengo St, Los Angeles, CA
Retail for Sale - $1,450,000 - 4,270 Sq. Ft. on 0.33 acres
Property Info
| CIMLS# | 916679 |
| Location 2060 Marengo St Los Angeles CA 90033 | |
| Updated | November 21st, 2016 |
| Type | Retail |
| Price | $1,450,000 |
| Building | 4,270 Sq. Ft. |
| Land | 0.33 acres |
Property Description
The subject property is an approximate 4,270 SF auto body shop on 14,308 SF C2 zoned lot.
The building consists of 2 ADA complaint bathrooms, a kitchenette, a conference room, a private of office, a waiting area, 4 bays, and a spray booth.
The site is currently occupied by A&B Auto Body & Collision. The tenant is on a lease thru 12/31/16 at below market rate and can possibly be vacated at the close of escrow.
This offering will attract an owner/user or an investor with a tenant in mind or a developer looking to develop the site, who would like to take advantage of the property's excellent location within an infill area.
Video Link: https://youtu.be/CVceZHM-oQQ
Location Description:
It is located mid-block on Marengo St. in-between N. Cumming & N. Chicago St. and is DIRECTLY ACROSS THE STREET FROM COUNTY USC MEDICAL CENTER. The location has excellent frontage; approx 100 FT along Marengo St. with an approximate car count of 24K cars per day.
The property has great freeway access; less than 1/2 of a mile from the 5 & 10 freeway intersection.
The current tenants in the immediate area consists of County USC Medical Center & Library, Los Angeles Unified School Disctrict, Burger King, Subway, Popeyes, Yum Yum Donuts, Mcdonalds, Juice it up, Yoshinoya, Clinica Msr. Oscar A. Romero, just to name a few.
The immediate area benefits from excellent car traffic counts and dense demographics; offering over 50,000 people residing within a one mile radius and over 325,000 people residing within a 3 mile radius.
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