Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1902 Marengo St Los Angeles, CA 90033-1312

    • Investment properties
    • 23,966 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $4,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6339451
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rehabilitation Department / Social Service Agency
    • Community Pharmacy / Pharmacy
    • 7-Eleven / Grocery & Convenience Store
    • Walgreens Pharmacy / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 1902 Marengo St

    Year built
    2014
    Construction
    WOOD
    Lot size
    0.70 lot acres
    Property size
    23,966 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5201-016-027
    APU
    5201016027

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,151,000
      Market price range: $2.09M - $5.15M
      AI Estimate
      $3,170,000
      Market price range: $1.31M - $3.17M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,420,000
      Current use
      INDUSTRIAL (GENERAL)
      $6,780,000
      Change: +98% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.21
    Latitude
    34.0573
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $90,272
    $3,424,642
    $3,764,875
    $7,189,517
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $575,000
      900 SF

      1611 1st St

      STORE/OFFICE (MIXED USE) • 900 SF
      1611 1st St, Los Angeles, CA 90033-3315
      View Details
    • Value Estimation by Request
      2,070 SF

      2323 1st St

      STORE/OFFICE (MIXED USE) • 2,070 SF
      2323 1st St, Los Angeles, CA 90033-4001
      View Details
    • Value Estimation by Request
      2,340 SF

      1308 1st St

      STORE/OFFICE (MIXED USE) • 2,340 SF
      1308 1st St, Los Angeles, CA 90033
      View Details
    • Value Estimation
      $1,180,000
      6,980 SF

      2924 Cesar E Chavez Ave

      STORE/OFFICE (MIXED USE) • 6,980 SF
      2924 Cesar E Chavez Ave, Los Angeles, CA 90033-3110
      View Details
    • Value Estimation
      $1,935,000
      11,056 SF

      2000 Marengo St

      STORE/OFFICE (MIXED USE) • 11,056 SF
      2000 Marengo St, Los Angeles, CA 90033-1377
      View Details
    • Value Estimation by Request
      2,800 SF

      409 Soto St

      STORE/OFFICE (MIXED USE) • 2,800 SF
      409 Soto St, Los Angeles, CA 90033-1816
      View Details

    Similar Nearby for Sale

    • $1,299,000

      Mixed-Use Property With High Potential

      Five-unit property with residential and commercial spaces, great location.
      2503 Cincinnati St, Los Angeles, CA 90033
      View Details
    • $1,378,985

      Mixed-Use Property with Freeway Access

      Mixed-use property with commercial and residential units, convenient freeway access.
      1611 Cesar Chavez Dr, Los Angeles, CA 90033
      View Details
    • $1,299,000

      Mixed-Use Property With Five Units

      Five-unit property with residential and commercial spaces, development potential.
      2503 Cincinnati St, Los Angeles, CA 90033
      View Details
    • $3,300,000

      Mixed-Use Property on 1st Street

      Expansive mixed-use property with commercial units and residential apartments.
      1526 E 1St St, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      4,716 SF

      Downtown LA Creative Space

      4,716 SF Mixed-Use Building, Vacant
      1329 3Rd St, Los Angeles, CA 90033
      View Details
    • $1,378,985
      6,156 SF

      Mixed-Use Income Property in Los Angeles

      8-unit mixed-use property with commercial and residential spaces.
      1611 Cesar Chavez, Los Angeles, CA 90033
      View Details

    Similar Nearby for Lease

    • $0.69 SF/Yr
      25,252 SF

      East River Warehouse/Flex/Creative Space

      East River Warehouse/Flex/Creative Space
      1443 East 4th St, Los Angeles, CA 90033
      View Details
    • $21 SF/Yr
      7,593 SF

      Prime Retail Space, Los Angeles

      High-traffic location, two units available.
      2401 Cesar E Chavez Ave, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      15,292 SF

      Office Space in Los Angeles

      Office space available for lease in Los Angeles, CA.
      1451 East 4Th St, Los Angeles, CA 90033
      View Details
    • $4 SF/Yr
      38,495 SF

      Prime LA Commercial Land

      Vacant lot, 38,495 sq ft, high visibility
      2307 Charlotte St, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      21,750 SF

      Fenced Lot in Boyle Heights

      M3 lot with electric and water, ideal for storage.
      1515 S Evergreen Ave, Boyle Heights, CA 90033
      View Details
    • Contact for pricing
      50,800 SF

      Distribution Building with Secured Yard

      Distribution building with large secured yard, near I-5 & 10.
      2533 Medford St, Los Angeles, CA 90033
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1902 Marengo St
    Los Angeles, CA 90033-1312
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!