$1,750,000
1611 Cesar E Chavez Avenue, Los Angeles 90033
7,559
Lot Size
Listing Agent
Dan Stueve - Equity UnionAn 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.
Facts & Features
| MLS® # | 24370985 |
|---|---|
| Price | $1,750,000 |
| Bathrooms | 0.00 |
| Lot Size | 7,559 |
| Year Built | 1922 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
| # Of Units | 8 |
Community Information
| Address | 1611 Cesar E Chavez Avenue |
|---|---|
| Area | BOYH - Boyle Heights |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90033 |
Amenities
| Utilities | Cable Available |
|---|---|
| Parking Spaces | 5 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Floor Furnace |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Rectangular Lot |
|---|---|
| Roof | Flat |
Additional Information
| Date Listed | March 21st, 2024 |
|---|---|
| Days on Market | 42 |
| Zoning | LAC2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Dan Stueve |
|---|---|
| Office | Equity Union |