INVESTMENT HIGHLIGHTS
- Ideal for Owner/User Opportunity perfect for a Restaurant or Medical User located across from the LA General Hospital
- Freeway Adjacent Located one block from the I-5 on ramp and minutes from the I-5/I-10 Interchange
- Originally used as a three station food court & later converted into a Restaurant. Can be converted back to original use as a three station food court
Located on a corner lot in the Boyle Heights community across from Los Angeles General Medical Center. This property is currently being used as a Restaurant with zoning as C2. Additional parcel #5201-017-015 with zoning LAR1 with address 1028 Mark St. can be sold with the property or separately. The additional lot of 4605 sq feet is currently used as extra parking space for the Restaurant. Prime opportunity for building and development for the right buyer. Combined lots can be developed into mixed use for apartment buildings with up to 25 units. Buyer to verify building use and limits with the city for expansion or development. Total Land square feet for two parcels are +/-10,013. Total Rentable sq is +/- 2,354. 5, 10, 101, and 110 freeways are all closely accessible. Conveniently located in close proximity to Los Angeles General Hospital and minutes away from Downtown Los Angeles, Union Station, Dodger Stadium, and Cal State LA. Buyers to do all investigations and satisfy themselves as Agent/Broker does not guarantee accuracy of stated herein property conditions, descriptions, and features.
***Price for lot is not part of listing and is fully negotiable. Submit offer on separate contract. ***
PROPERTY FACTS
| Sale Type: | Investment or Owner User |
| Property Subtype: | Restaurant |
| Building Class: | B |
| Price: | $1,475,000 |
| Percent Leased: | Vacant |
| Building FAR: | 0.44 |
| Opportunity Zone: | Yes |
| Zoning: | C2 |
| Frontage: | 53’ on Marengo St |
| Property Type: | Retail |
| Building Size: | 2,354 SF |
| Year Built: | 1991 |
| Price Per SF: | $626.59 |
| Building Height: | 1 Story |
| Lot Size: | 0.12 AC |