2716 Marengo Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

2716 Marengo Street, Los Angeles, California 90033 home-pic-0
ACTIVE$699,000
2716 Marengo Street, Los Angeles, California 90033
0Bed
0Bath
1,188Sqft
7,915Lot
Year Built
1925
Close
-
List price
$699K
Original List price
$750K
Price/Sqft
$588
HOA
-
Days on market
-
Sold On
-
MLS number
DW23184836
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(44th), sqft - 1188(13th), beds - undefined(50th), baths - undefined(50th).

Welcome to 2716 Marengo St, a versatile two-unit property located in the heart of Boyle Heights. This unique property offers the perfect balance of urban convenience and investment potential, making it an ideal choice for both homeowners and savvy investors. Situated just minutes from downtown Los Angeles, this property provides seamless access to major freeways, vibrant local amenities, and cultural landmarks. The front unit is a warm and inviting space, featuring two well-appointed bedrooms and a thoughtfully designed layout. Natural light floods the living spaces, creating a cozy atmosphere perfect for relaxation or entertaining. The updated kitchen includes cabinetry with ample storage, while the bathroom boasts a touch of contemporary charm. A welcoming front porch and mature landscaping complete this charming home. The rear unit is a private retreat, offering a functional one-bedroom, one-bathroom layout. The compact design maximizes space efficiency without sacrificing comfort. The kitchen is well-equipped, and the bedroom provides a peaceful haven for relaxation. This unit also features access to a private outdoor patio area, perfect for al fresco dining or enjoying quiet evenings under the stars. Outside, the property offers ample space for both recreation and functionality. The backyard is large enough for gardening, entertaining, or potential future enhancements, and two storage sheds provide convenient options for keeping belongings organized. The detached garage offers parking or additional workspace, adding further value to this multifamily property. Located in the vibrant community of Boyle Heights, this property puts you in the center of it all. Enjoy a quick commute to downtown Los Angeles and nearby neighborhoods, along with easy access to local parks, schools, restaurants, and cultural hotspots. With its proximity to public transportation and major freeways, the property is perfectly positioned to cater to modern urban living. Whether you’re looking for a primary residence with rental income potential or a long-term investment opportunity, 2716 Marengo St is a rare find in one of LA’s most dynamic neighborhoods. Schedule your showing today and discover the possibilities this property has to offer!

Price History

Date
Event
Price
01/13/11
Sold
$185,000
Condition Rating
Fair

Built in 1925, this property is significantly aged. While the front unit's kitchen features newer stainless steel appliances and white cabinetry, and the bathroom has a refreshed vanity and mirror, these updates appear to be cosmetic and piecemeal rather than a comprehensive renovation. Other areas, such as the living room and bedrooms, show very dated flooring (linoleum/old laminate) and basic fixtures. The exterior is worn, and the property analysis explicitly notes the age and potential need for significant investment in older systems like plumbing, electrical, and HVAC. The property is functional and maintained, but many components are outdated and would benefit from further updates, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Income-Generating Duplex: The property is a versatile two-unit dwelling, offering immediate rental income potential for investors or an owner-occupy option with supplementary income, enhancing financial flexibility.
Strategic Boyle Heights Location: Situated minutes from Downtown Los Angeles, the property boasts excellent urban connectivity with seamless access to major freeways, public transportation, vibrant local amenities, and cultural hotspots.
Generous Lot Size with Expansion Potential: A substantial 7,915 sqft lot provides ample outdoor space for recreation, gardening, and potential future enhancements, including the possibility of adding an Accessory Dwelling Unit (ADU), subject to local regulations.
Updated Front Unit Features: The front unit includes an updated kitchen with ample cabinetry and a bathroom featuring contemporary charm, appealing to modern tenants or owner-occupants seeking refreshed living spaces.
Detached Garage & Ample Storage: The property offers practical utility with a detached garage suitable for parking or additional workspace, complemented by two storage sheds for organized belongings.

Cons

Age of Property & Potential System Upgrades: Built in 1925, the property may require significant investment in updating older systems such as plumbing, electrical, and HVAC to meet modern standards and mitigate future maintenance costs.
Compact Interior Living Space: With a total of 1188 sqft for two units, the individual living areas may be perceived as relatively small, potentially limiting appeal for those seeking more spacious accommodations.
Extended Market Time & Price Adjustment: Having been on the market since October 2023 with a recent price reduction from $750,000 to $699,000, this could indicate challenges in attracting buyers at previous price points or suggest potential overvaluation.

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