1611 E Cesar E Chavez Avenue Los Angeles, CA ^$ 1,750,000

1611 E Cesar E Chavez Avenue

^$ 1,750,000

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1611 E Cesar E Chavez Avenue

Los Angeles, CA, 90033

^$ 1,750,000

Studio Baths0.0 Sq 6,156

Monthly Estimate*

^$ 12,224

Listed by Equity Union

1611 E Cesar E Chavez Avenue, Los Angeles, CA 90033 - Image 1

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1611 E Cesar E Chavez Avenue, Los Angeles, CA 90033 - Image 3

1611 E Cesar E Chavez Avenue, Los Angeles, CA 90033 - Image 4

1611 E Cesar E Chavez Avenue, Los Angeles, CA 90033 - Image 5

1611 E Cesar E Chavez Avenue, Los Angeles, CA 90033 - Image 6

1611 E Cesar E Chavez Avenue, Los Angeles, CA 90033 - Image 7

1611 E Cesar E Chavez Avenue, Los Angeles, CA 90033 - Image 8

1611 E Cesar E Chavez Avenue, Los Angeles, CA 90033 - Image 9

1611 E Cesar E Chavez Avenue, Los Angeles, CA 90033 - Image 10

Studio

Commercial Property for sale in Los Angeles, CA

for $1,750,000. This 6,156 square foot building was built in 1922 on a lot size of 0.1735.

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.

Commercial Active

Price

^$ 1,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1735

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24370985

Days on Market

Features

General

Heating FloorFurnace

Utilities CableAvailable

Roof Flat

Zoning LAC2

HOA 0.0

Security Features CarbonMonoxideDetectors SmokeDetectors WindowBars

Year Built 1922

Property SubType MixedUse

County Los Angeles

Net Operating Income 101125.0

Insurance Expense 2520.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Buyer Financing Cash

Directions See Map

City Los Angeles

View Y/N N

Senior Community Y/N N

Open Parking Spaces 4.0

Total Units 8

MLS Area BOYH - Boyle Heights

Lot Size Square Feet 7559.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Cesar E Chavez

Listing Terms Cash

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 1

Standard Status Active

Property Sub Type Additional MixedUse

Cap Rate 5.78

Exterior

Lot Features RectangularLot

Water Source Public

Total Parking 5.0

Lot Size Area 7559.0

Number of Buildings 3

Spa N

Building Area Total 6156.0

Lot Size Acres 0.1735

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Entry Level 1

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 1611

* Excluded Features

List By

Equity Union

Broker

(310) 595-5875

Phone

Affordability Calculator

$12,224

Per Month

Monthly Principal & Interest: $12,224
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,170,078

Percent of Sale Price 24%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/22/2024	$1,750,000		Listed Price

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1611 E Cesar E Chavez Avenue, Los Angeles, CA, 90033 is a Commercial Property for sale at $1,750,000 with 6,156 sqft and a lot size of 0.1735. 1611 E Cesar E Chavez Avenue is a studio with 0.0 baths and was built in 1922. The property's zip code is 90033 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1611 E Cesar E Chavez Avenue

Commercial Property for sale in Los Angeles, CA

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