1611-1615 E Cesar E Chavez Ave - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90033- Boyle Heights
$1,452,000 USD
562-440-0177
1611-1615 E Cesar E Chavez Ave, Los Angeles, CA for Sale
$1,452,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | 6.65% Cap Rate

1611-1615 E Cesar E Chavez Ave
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • New $100,000 Price Reduction - Motivated Seller - Submit All Offers
  • Now a 6.65% CAP Rate - Only $236 PSF - Strong 9.37 GRM
  • Mixed Use Building With (2) Retail Units & (6) Residential Units
  • Includes (2) Retail Store Front Units - (5) Renovated Residential Units (1) 1 Bed/1Bath - (4) Studio/1 Bath - (1) SFR 2 Bed/1 Bath with Garage Parking
  • Located in an Opportunity Zone #206032 - With ADU Development Potential
  • Near White Memorial Medical Center - Easy Access to the 5, 10, 60 & 101 FWYs - Close to DTLA, Arts, Garment & Flower Districts

OVERVIEW

NEW $100,000 PRICE REDUCTION - MOTIVATED SELLER - SUBMIT ALL OFFERS. Outstanding mix-use income property (8) units (6) apartments and (2) retail, with a potential income, one apartment and one of the retail stores are vacant for the new owner to start new rental tenants. LOCATION, LOCATION, LOCATION!! This outstanding mixed-use income property is ideally located with convenient access to the 5, 10, 60, & 101 Freeways, offering unmatched connectivity and visibility. A prime investment opportunity, this (8)unit property features a strategic blend of commercial and residential spaces, making it perfect for generating diverse rental income. The property pictures (8) units Total. This property features two commercial units located on the ground floor at the front, offering high visibility potential for retail stores or office use. As the rental income is listed at the upper level, a house in the back features a car garage and a laundry room. Further enhancing rental income opportunities. This property also offers parking for each unit and a patio located on the back of the building, adjacent to the rear house, adding convenience and value. This property represents a rare investment opportunity in a highly desirable area. With a mix of commercial and residential units, as well as close proximity to freeway and minutes from downtown Los Angeles, this property offers long-term potential for stable income growth.

FOR SALE DETAILS

PRICE

$1,452,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LA-C2

APN/PARCEL ID

5174-010-033

ASK ABOUT THIS PROPERTY

Madela Luz ZavalaFirst Team Real EstateMore Info
562-440-0177

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Madela Luz ZavalaFirst Team Real EstateMore Info
562-440-0177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.