$ 1,699,500
1611 E Cesar E Chavez AVE Los Angeles, CA 90033
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,699,500
Est. payment /mo
Active
1611 E Cesar E Chavez AVE Los Angeles, CA 90033
7,557 Sqft Lot
UPDATED:
09/30/2024 06:31 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24370985
HOA Y/N No
Year Built 1922
Lot Size 7,557 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAC2
Interior
Heating Floor Furnace
Fireplace No
Exterior
Utilities Available Cable Available
Roof Type Flat
Total Parking Spaces 5
Building
Lot Description Rectangular Lot
Story 2
Water Public
Others
Tax ID 5174010033
Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Window Bars
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
Listed by Dan Stueve • Equity Union