About 1611 E Cesar E Chavez Ave
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.
Features of 1611 E Cesar E Chavez Ave
| MLS® # | 24-368707 |
|---|---|
| Price | $1,750,000 |
| Bedrooms | 3 |
| Bathrooms | 1.00 |
| Square Footage | 6,156 |
| Acres | 0.17 |
| Year Built | 1922 |
| Type | Residential Income |
| Sub-Type | Apartment Building |
| Status | Active |
Community Information
| Address | 1611 E Cesar E Chavez Ave |
|---|---|
| Area | Boyle Heights |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90033 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Garages | Uncovered, Driveway - Concrete |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Laminate |
|---|---|
| Heating | Floor Furnace |
| Cooling | None |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Exterior | Brick, Wood |
|---|---|
| Lot Description | Lot Shape-Rectangular, Lot-Level/Flat, Single Lot, Sidewalks, Street Paved, Utilities - Overhead, Walk Street |
| Roof | Flat Roof |
| Construction | Brick, Wood |
| Foundation | Foundation - Concrete Slab |
School Information
| District | Los Angeles Unified |
|---|
Additional Information
| Date Listed | April 9th, 2024 |
|---|---|
| Days on Market | 39 |
| Zoning | LAC2 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Dan Stueve (01936133) |
|---|---|
| Office | Equity Union |