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Los Angeles, CA 90033 1611 E Cesar E Chavez Avenue

$1,750,000

1611 E Cesar E Chavez Avenue Los Angeles, Ca - Image 11611 E Cesar E Chavez Avenue Los Angeles, Ca - Image 21611 E Cesar E Chavez Avenue Los Angeles, Ca - Image 3
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Presented By: Dan Stueve with Equity Union;
  • MLS# 24368707
  • 04/09/2024
  • Request Tour
  • Request Info
  • BedBeds • 3
  • BathBaths • 1
  • FootageSQFT • 6,156

Home Details

An excellent chance awaits to invest in an 8-unit property comprising 2 storefronts and 6 apartments, each offering consistent cash flow and promising growth prospects. Additionally, the property features 5 parking spots - 4 uncovered and 1 covered. Situated close to White Memorial Hospital, USC Health Services, Dodger Stadium, and Chinatown, this property benefits from steady drive-by traffic for its storefront units. Seize this opportunity for immediate cash flow, as it's expected to be snapped up quickly. Monthly Pro Forma Rent $15,000, with a 7.97% Pro Forma Cap rate.
Presented By: Dan Stueve with Equity Union;

Interior Features for 1611 E Cesar E Chavez Avenue

Bedrooms

Total Bedrooms3

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths1

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Street SuffixAvenue
Total Stories2

General for 1611 E Cesar E Chavez Avenue

Additional Parcels Y/NNo
AppliancesDisposal
Attached Garage No
Buyer FinancingCash
Cap Rate5.78
Carport Y/NNo
CityLos Angeles
Construction MaterialsBrick, WoodSiding
CoolingNone
CountyLos Angeles
Days on Market8
DirectionsSee Map
Garage Y/NNo
Gross Income141720.0
HOA / Comm AssnNo
HeatingFloorFurnace
High School DistrictLos Angeles Unified
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash
Lot Size Square Feet7559.0
MLS AreaBOYH - Boyle Heights
MobileHomeRemainsYNNo
Net Operating Income101125.0
New ConstructionNo
Open Parking Spaces6.0
Other StructuresSheds
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors, WindowBars
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameCesar E Chavez
Total Units8
UtilitiesOverheadUtilities
View Y/NNo
Waterfront Y/NNo
Year Built1922
ZoningLAC2

Exterior for 1611 E Cesar E Chavez Avenue

Building Area Total6156.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1735
Lot Size Area7559.0
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters8
Open Parking Y/NNo
Parking FeaturesConcrete, Uncovered
SpaNo
Total Parking6.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,750,000
MLS#24368707
List Date 04/09/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors