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1611 Cesar E Chavez Avenue
Los Angeles, CA 90033
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.
PROPERTY INFORMATION
| MLS # | 24368707 | Lot Size | 7,559 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,699,500
Price Per SqFt: $ 276 |
DOM | 462 Days |
| Address | 1611 Cesar E Chavez Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 6,156 Sq. Ft. |
| Postal Code | 90033 | Garage | N/A |
| County | Los Angeles | Year Built | 1922 |
| Bed / Bath | 3 / 0 | Parking | 6 |
| Built In | 1922 | Status | Active |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Disposal |
| Has Heating | Yes |
| Heating Information | Floor Furnace |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Laminate |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Smoke Detector(s), Window Bars, Carbon Monoxide Detector(s) |
EXTERIOR FEATURES
| FoundationDetails | Slab |
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,813
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/09/2024 | Listed | $1,750,000 |
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Listing provided courtesy of Dan Stueve, Equity Union. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
