This property is priced to sell! Only $243/SF! Listed at 11.74 GRM on current rents, a 6.13% CAP rate, and plenty of room to grow on rents, this is an excellent opportunity for an investor who wants to own a cash flowing property in an irreplaceable area. Call for a full marketing package w/financials. Welcome to East Los Angeles, a warm and vibrant community rich with cultural history and deep roots. The subject property is a well known local gem situated along one of the most well known blocks east of the 710 Fwy. It sits directly across from the famous La Azteca Tortilleria and adjacent to the historic El Gallo Plaza and the landmark Our Lady of Soledad Church. Also nearby are Cities Nightclub and El Gallo Restaurant and Bakery. The offering includes two structures: The front structure features 2 ground floor retail storefronts and a large 2nd floor 3Br apartment with patio. In the rear is a separate quadruplex with all 1Br+1Ba apts. Given that this is unincorporated Los Angeles, the 5 units are not subject to City of LA Rent Control, only County of LA. All in all, this is an incredible opportunity to purchase an iconic piece of East LA history.
Property Details
Price:
$1,375,000
MLS #:
24382455
Status:
Pending
Baths:
0
Address:
4537 E Cesar E Chavez Avenue
Type:
Residential Income
Neighborhood:
elaeastlosangeles
City:
Los Angeles
Listed Date:
Apr 22, 2024
State:
CA
ZIP:
90022
Lot Size:
5,538 sqft / 0.13 acres (approx)
Year Built:
1923
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Schools
Interior
Appliances
Disposal
Fireplace Features
None
Exterior
Parking Features
None
Parking Spots
0.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Sewer Paid
Spa Features
None
Stories Total
2
View
None
Financial
Tenant Pays
Gas, Electricity, Trash Collection
Map
Community
- Address4537 E Cesar E Chavez Avenue Los Angeles CA
- AreaELA – East Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90022
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Courtesy of Compass. 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.
4537 E Cesar E Chavez Avenue
Los Angeles, CA
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