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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# 24370985
  • 03/21/2024
  • Request Tour
  • Request Info
  • 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

Bathrooms

Total Baths

Other Interior Features

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

Other Rooms

Entry Level1

General for 1611 E Cesar E Chavez Avenue

Additional Parcels Y/NNo
Attached Garage No
Buyer FinancingCash
Cap Rate5.78
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market1
DirectionsSee Map
Garage Y/NNo
HOA0.0
HOA / Comm AssnNo
HeatingFloorFurnace
Home Warranty Y/NNo
Insurance Expense2520.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash
Lot Size Square Feet7559.0
MLS AreaBOYH - Boyle Heights
MaintenanceExpense6000.0
MobileHomeRemainsYNNo
Net Operating Income101125.0
New ConstructionNo
Open Parking Spaces4.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeCommercialSale
Rent Control Y/NNo
RoofFlat
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors, WindowBars
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameCesar E Chavez
Total Units8
UtilitiesCableAvailable
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
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1735
Lot Size Area7559.0
Lot Size UnitsSquareFeet
Number of Buildings3
Open Parking Y/NNo
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,750,000
MLS#24370985
List Date 03/21/2024
Property Type Commercial
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors