3232 Marengo
City Terrace, CA 90063
Listing broker / agent: CENTURY 21 REALTY MASTERS · ERIK RUIZ · 323-490-9434 · CRMLS
MLS # MB26066690 · Last checked Oct 19, 2026 06:49 UTC
About this property
*Seller will carry*-Nestled in the vibrant and rapidly evolving neighborhood of City Terrace, this expansive 11,000 square foot lot presents a rare development opportunity with breathtaking panoramic views of Downtown Los Angeles. The property’s unique layout offers dual access points—from both Hicks Avenue and Marengo Street—providing exceptional flexibility for design, construction, and future use. With its generous size and strategic location, this lot is brimming with potential. Whether you envision a collection of modern homes or a custom estate, the possibilities are vast. Preliminary discussions suggest you may be able to build more than four residences here (buyer to verify with the city). Enjoy the best of Southern California living with stunning cityscape vistas and the convenience of a central Eastside location, just minutes from the Arts District, major freeways, and all that Downtown LA has to offer. Don’t miss this chance to be part of City Terrace’s exciting transformation—opportunities like this are few and far between.
Property details
- MLS number
- MB26066690
- Status
- Active
- Type
- Land
- Lot size
- 0.2526 acres
- County
- Los Angeles
More property detailsCollapse
Listing
- Days on market
- 200
Exterior & parking
- Lot features
- Zero To One Unit Acre, Rectangular Lot
- Lot size source
- Assessor
- Property outlook
- City Lights, Hills, Mountains, Neighborhood
Utilities & community
- Water
- Public
- Utilities
- Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
- Community features
- Curbs, Gutters, Storm Drains, Street Lights, Sidewalks, Urban
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Harrison Street Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.2 mi |
| Evergreen Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–6 | 0.4 mi |
| Murchison Street Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.4 mi |
| Francisco Bravo Medical Magnet High (school website, opens in a new tab) Los Angeles Unified · Los Angeles | 9–12 | 0.7 mi |
| Malabar Street Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–6 | 0.7 mi |
| Robert F. Kennedy Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–6 | 0.8 mi |
| William R. Anton Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–6 | 0.8 mi |
| Multnomah Street Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.9 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $130,000
- MLS-reported original asking price
- $169,000
- MLS-reported previous asking price
- $135,000
- MLS-reported last price change
- 2026-08-15 15:06 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 08:43 | $130,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in City Terrace
Active residential homes for sale in City Terrace, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
Not enough price-change observations yet. History starts when the upgraded importer records changes; no trend direction is assumed.
Calculated 2026-10-19 07:33 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗