1611 E Cesar E Chavez Ave

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Address: 1611 E Cesar E Chavez Ave, Los Angeles, California, US
Created date: May 15, 2024
Date last updated: May 15, 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.

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
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