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Three-Story 24-Unit Apartment Building
For Sale
Contact for pricing
Pending

2649 Marengo St, Los Angeles, CA 90033

Three-story 24-unit apartment offers laundry rooms, a playground, and 51 parking spaces including tuck-under.

Property Size29,096 SF
Days on Market117

Property Features for 2649 Marengo St

General Information

Standard status Pending
Size 29,096 SF
Total Parking Spaces 51
Property subtype Multifamily

Additional Details

Multifamily Units 24

Amenities

laundry room
playground

Building Details

Year Built 1988
Stories 3
Listing Agency: Marcus & Millichap - South Bay
Listed By: Steve "Bogie" Bogoyevac · License #CA 01332755
Source: Crexi
Added: Apr 12 Changed: Jul 21 Last Checked: Aug 5 at 2:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - South Bay

Investment Insights

Based on property information with market context.

This three-story, 24-unit apartment property was constructed in 1988 and totals 29,096 square feet. The unit mix includes six one-bed/one-bath units, ten two-bed/one-bath units, six three-bed/two-bath units, and two four-bed/two-bath units. Each building has its own laundry room, and the property includes a playground for residents.

The asset provides 29 surface parking spots plus 22 tuck-under parking spots. Located in Boyle Heights, it offers easy access to Downtown Los Angeles and major employers, including the nearby USC Medical Center. Recent and planned expansion at the medical campus includes a new “Restorative Care Village,” a new Hyatt Place hotel, and new student housing for 272 graduate students. Additionally, an 81-room hotel at the corner of Soto and Pomeroy is nearly complete, approximately a quarter-mile from the property.

Key Highlights

  • 24‑unit apartment property in Los Angeles’ Boyle Heights neighborhood
  • Three‑story, 29,096 SF building built in 1988 with a unit mix of 6 (1BD/1BA), 10 (2BD/1BA), 6 (3BD/2BA), and 2 (4BD/2BA)
  • On‑site laundry room in each building

Property Analytics

Current Use

Beach Front Property ... Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Acupuncture Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units

Location Intelligence

Trade Area within ½ mile

4,492
Businesses Nearby

Demographics for 90033, CA

46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story 24-unit apartment offers laundry rooms, a playground, and 51 parking spaces including tuck-under.
Where is this apartment building located?
The property is located at 2649 Marengo St Los Angeles, CA.
What are key features of this property?
This property features: 24‑unit apartment property in Los Angeles’ Boyle Heights neighborhood; Three‑story, 29,096 SF building built in 1988 with a unit mix of 6 (1BD/1BA), 10 (2BD/1BA), 6 (3BD/2BA), and 2 (4BD/2BA); On‑site laundry room in each building
More about this property
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