1611 E Cesar E Chavez Ave

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Address: 1611 E Cesar E Chavez Ave, Los Angeles, CA 90033, USA

California & West + Apartment Buildings

Created date: July 16, 2024

Date last updated: July 16, 2024

Property Description

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.

Available

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,750,000
No. of Units:	8
Year Built:	1922
Lot Size:	6,156.00 Sq ft
Opportunity Zone:	No
Price per unit:	$218,750
Property Website	Click Here
Number of Bedrooms:	3
Number of Bathrooms:	0

Address: 1611 E Cesar E Chavez Ave, Los Angeles, CA 90033, USA

Provided by:

Standard Status: Active

MLS Listing Number: 24-368707
ID: 3yd-CLAWCA-24-368707

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