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 8.2% Pro Forma Cap rate.
Property Details
Price:
$1,699,500
MLS #:
24368707
Status:
Active
Baths:
0
Address:
1611 E Cesar E Chavez Avenue
Type:
Residential Income
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Apr 9, 2024
State:
CA
ZIP:
90033
Lot Size:
7,559 sqft / 0.17 acres (approx)
Year Built:
1922
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Schools
Interior
Appliances
Disposal
Cooling
None
Flooring
Laminate
Heating
Floor Furnace
Exterior
Foundation Details
Slab
Lot Features
Rectangular Lot, Utilities – Overhead
Parking Features
Uncovered, Concrete
Parking Spots
6.00
Pool Features
None
Security Features
Smoke Detector(s), Window Bars, Carbon Monoxide Detector(s)
Sewer
Other
Spa Features
None
Stories Total
2
Financial
Map
Community
- Address1611 E Cesar E Chavez Avenue Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90033
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Courtesy of Equity Union. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.1611 E Cesar E Chavez Avenue
Los Angeles, CA
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