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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
  • 48 Beds
  • 36 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 48 bedrooms, 36 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: 4 minutes ago | Last updated: April 17th, 2024 | Source CRMLS | DOM: 26
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Home details

Lot Sq. Ft
7,559
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24368707
City
Los Angeles
County
Los Angeles
Time on Site
24 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 3
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 8
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $56,400
  • Pro Forma/Market Rent: $56,400
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 8
  • # of Baths: 6
  • Furnishing: Unfurnished
  • Actual Rent: $1,185
  • Total Rent: $85,320
  • Pro Forma/Market Rent: $85,320
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.78%
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: --
  • Net Operating Income: $101,125
  • Gross Operating Income: $141,720
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1611 E Cesar E Chavez Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Two
  • Security Features: Smoke Detector(s), Window Bars, Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Uncovered, Concrete
Lot Information
  • Lot Features: Rectangular Lot, Utilities - Overhead
Property Information
  • Total # of Units: 8
  • Parcel Number: 5174010033
  • Foundation Details: Slab
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: See Map
View more facts & features

Local Los Angeles Agent

Sale History for 1611 E Cesar E Chavez Ave

View property's historical transactions

  • April, 2024

  • Apr 9, 2024

    Date

    Active

    CRMLS: 24368707

    $1,750,000

    Price

Tax History for 1611 E Cesar E Chavez Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

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 $774 and this home is listed at $284.28 per/sqft which puts the price per square foot 63.27% 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 multi family located in Los Angeles, CA 90033 and is currently for sale. This multi family property offers 48 bedrooms, 36 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 April 17, 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 $774. 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 3813 Baldwin St, 860 N Bunker Hill Ave and 3313 Folsom St. While the average home in Los Angeles, CA is selling in 93 days, 1611 E Cesar E Chavez Ave has a days on market of 26 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 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
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$800,000
Median List Price/Sq.Ft.
$520
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
11
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), 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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