Listing provided courtesy of Dan Stueve of Equity Union. Last updated 2024-04-28 09:12:42.000000. Listing information © 2023 CRMLS.
Asking Price: $1,750,000
1611 Cesar E Chavez, Los Angeles CA 90033
Community: BOYH - Boyle Heights
Status: Active
This Commercial/Residential property was built in 1922 and is priced at $1,750,000. Please see the additional details below.
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.