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

1611 East Cesar E Chavez Avenue

^$ 1,750,000

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1611 East Cesar E Chavez Avenue

Los Angeles, CA, 90033

^$ 1,750,000

Studio Baths0.0

Monthly Estimate*

^$ 12,224

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

1611 East Cesar E Chavez Avenue, Los Angeles, CA 90033 - Image 2

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

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

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

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

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

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

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

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

Studio

Commercial Property for sale in Los Angeles, CA

for $1,750,000. This building was built in 1922.

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

Multi Family

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024370985

Features

General

Heating Floor Furnace

Utilities Cable Available

Roof Flat

Zoning LAC2

Security Features Smoke Detector(s) Window Bars Carbon Monoxide Detector(s)

Year Built 1922

Property SubType Multi Family

County Los Angeles

Net Operating Income 101125.0

Insurance Expense 2520.0

Property Type F

Status Active

City Los Angeles

MLS Area BOYH - Boyle Heights

Lot Size Square Feet 0.0

Street Name Cesar E Chavez

Standard Status Active

Exterior

Lot Features Rectangular Lot

Water Source Public

Lot Size Area 7559.0

Lot Size Acres 0.0

Land Lease Type Fee

Interior

Total Stories 2

Heating Y/N Yes

Street Suffix Avenue

Entry Level 1

Total Baths 0

* Excluded Features

List By

Dan Stueve

Listing Agent

Equity Union

Broker

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

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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 ^$2,194,282

Percent of Sale Price 25%

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.

793437 Elementary School

793428 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 East Cesar E Chavez Avenue, Los Angeles, CA, 90033 is a Commercial Property for sale at $1,750,000. 1611 East 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/22/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1611 East Cesar E Chavez Avenue

Commercial Property for sale in Los Angeles, CA

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