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1611 E Cesar E Chavez Ave, Los Angeles, CA 90033
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1611 E Cesar E Chavez Ave Los Angeles, CA 90033

$1,750,000
  • -- Beds
  • -- Baths
  • 6,156 Sq.Ft.
For Sale
$1,750,000 Get Pre-Qualified
Map preview of 1611 E Cesar E Chavez Ave, Los Angeles, CA 90033

Property Overview: 1611 E Cesar E Chavez Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 6,156 living square feet and 7,559 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Dan Stueve | BRE #01936133 | Equity Union
Co-listed by Robert Siegmeth | BRE #01105625 | Equity Union
Last checked: 11 minutes ago | Last updated: March 22nd, 2024 | Source CRMLS | DOM: 28
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Home details

Lot Sq. Ft
7,559
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
24370985
City
Los Angeles
County
Los Angeles
Time on Site
36 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 3
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.78%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $141,720
  • Net Operating Income: $101,125
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Insurance: $2,520
  • Maintenance: $6,000
  • Other Expenses: $10,200

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Property Details for 1611 E Cesar E Chavez Ave

Interior Features
Heating Information
  • Has Heating
  • Floor Furnace
Interior Features
  • Security Features: Smoke Detector(s), Window Bars, Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Rectangular Lot
Property Information
  • Total # of Units: 8
  • Parcel Number: 5174010033
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Cable Available
Location / Neighborhood
Location Information
  • Directions: See Map
View more facts & features

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Sale History for 1611 E Cesar E Chavez Ave

Last sold for $630,000 on August 16th, 2005

  • March, 2024

  • Mar 21, 2024

    Date

    Active

    CRMLS: 24370985

    $1,750,000

    Price

  • February, 2020

  • Feb 29, 2020

    Date

    Expired

    CRMLS: SR19242123

    $1,650,000

    Price

  • Oct 13, 2019

    Date

    Active

    CRMLS: SR19242123

    $1,650,000

    Price

  • Listing provided courtesy of CRMLS

    Income-producing mixed-use commercial and residential with the potential of increased rental income. Zoning LAC2.

  • March, 2018

  • Mar 31, 2018

    Date

    Expired

    CRMLS: SR18044345

    --

    Price

  • Feb 26, 2018

    Date

    Active

    CRMLS: SR18044345

    --

    Price

  • Listing provided courtesy of CRMLS

  • August, 2005

  • Aug 16, 2005

    Date

    Sold (Public Records)

    Public Records

    $630,000

    Price

Show More

Tax History for 1611 E Cesar E Chavez Ave

Assessed Value (2020): $787,216
Year Land Value Improved Value Assessed Value
2020 $287,394 $499,822 $787,216

Home Value Compared to the Market

This property vs the competition

1611 E Cesar E Chavez Ave is listed 40.11% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $284.28 per/sqft which puts the price per square foot 63.18% lower than the median price per square foot for the city of Los Angeles.

About 1611 E Cesar E Chavez Ave

Detailed summary of property

1611 E Cesar E Chavez Ave is a mixed use located in Los Angeles, CA 90033 and is currently for sale. This mixed use property offers -- bedrooms, -- bathrooms, roughly 6,156 living square feet, and sits on an approximately 7,559 square foot lot. 1611 E Cesar E Chavez Ave was first listed on ArdentRealEstateGroup.com on March 21, 2024. The homeowner is currently asking $1,750,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 40.11% higher than the median priced home. Local competing homes currently for sale include 1600 N Alvarado St, 1762 Glendale Blvd and 2220 Clifford St. While the average home in Los Angeles, CA is selling in 97 days, 1611 E Cesar E Chavez Ave has a days on market of 28 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1611 E Cesar E Chavez Ave Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1611 E Cesar E Chavez Ave

Public county record property details
Beds
3
Baths
1
Year built
1922
Sq. Ft.
6,156
Lot Size
7,556
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5174-010-033

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$778,000
Median List Price/Sq.Ft.
$536
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$525
Total Inventory
11
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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