Los Angeles, CA 90033 1611 E Cesar E Chavez Avenue
$1,699,500
Presented By: Dan Stueve with Equity Union;
SQFT • 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 8.2% 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
Fireplace Y/NNo
Heating Y/NYes
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 Market159
DirectionsSee Map
Electric On Property Y/NNo
Garage Y/NNo
HOA0.0
HeatingFloorFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense2520.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet7559.0
Lot Size UnitsSquareFeet
MLS AreaBOYH - Boyle Heights
MaintenanceExpense6000.0
MobileHomeRemainsYNNo
Net Operating Income101125.0
New ConstructionNo
NumberOfUnitsTotal8
Open Parking Spaces4.0
Private PoolNo
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
TermsCash
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
Number of Buildings3
Open Parking Y/NNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480