1611 E Cesar E Chavez Avenue
Los Angeles, CA 90033
- – beds
- – baths
- – sqft
- 7,559 sqft lot
- 1922 build
- – on site
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.
Listed By CRMLS_CA / Dan Stueve / Equity Union
Last checked:
Checking…
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Last updated Aug 27, 2024
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MLS# 24368707 —
The Building
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Year Built:1922
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New Construction:No
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Construction Materials:Brick, Wood Siding
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Foundation:Slab
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Building Area Total:6156.00
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# of Buildings:3
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Total Number Of Units:8
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Stories Total:2
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# of Separate Gas Meters:8
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# of Separate Water Meters:8
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# of Separate Electric Meters:8
Interior
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Levels:Two
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Flooring:Laminate
Location
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Directions:See Map
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Latitude:34.05181100
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Longitude:-118.21815700
The Property
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Property Type:Residential Income
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Zoning:LAC2
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Lot Features:Rectangular Lot, Utilities - Overhead
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Lot Size Area:7559.0000
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Lot Size Acres:0.1735
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Lot Size SqFt:7559.00
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Security Features:Smoke Detector(s), Window Bars, Carbon Monoxide Detector(s)
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Other Structures:Shed(s)
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Taxes Percent:1.25
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5174010033
Heating & Cooling
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Heating:1
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Heating:Floor Furnace
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Cooling:No
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Cooling:None
Utilities
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Sewer:Other
Appliances
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Appliances:Disposal
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Included:Yes
The Community
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Senior Community:No
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Uncovered, Concrete
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Parking Spaces:6.00
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Uncovered Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/27/24
Aug 27, 2024
|
Price Changed | CRMLS_CA | $1,699,500 | -2.9% |
4/9/24
Apr 9, 2024
|
Listed / Active | CRMLS_CA | $1,750,000 |