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3521 E Cesar E Chavez Ave, Los Angeles, CA 90063
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3521 E Cesar E Chavez Ave Los Angeles, CA 90063

$700,000 Sold Price as of 11/07/2023
  • 8 Beds
  • 4 Baths
  • 2,420 Sq.Ft.
Sold
$700,000 Sold Price as of 11/07/2023 Refinance Your Mortgage
Map preview of 3521 E Cesar E Chavez Ave, Los Angeles, CA 90063

Property Overview: 3521 E Cesar E Chavez Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,420 living square feet and 7,386 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a four (4) unit apartment building located at 3521 E Cesar E Chavez Avenue in Los Angeles, California. The subject property is situated in a good East Los Angeles location, north of 1st Street and east of S Indiana Street. Built in 1918, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units, one (1) three-bedroom / one-bathroom unit, and one (1) three-bedroom / one-bathroom house. The units sit on a large 7,386 sqft lot with unincorporated Los Angeles County zoning LCC3*, within the Cesar Chavez Transect Zone and in the East Los Angeles 3rd Street Specific Plan Area. There is potential to build out an extra unit to maximize on by-right density, and to build up to two (2) ADU unit(s). The property features fully parked on-site parking available to the tenants. Tenants will appreciate living in a lively community with dominant access to Downtown and all parts of LA City. Situated in a good East Los Angeles location, this offering presents an excellent opportunity for any investor capitalize on 30-year fixed residential financing to add multiple ADU unit(s) and capture incredible rental upside potential in a strong rental market in unincorporated Los Angeles County.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: November 8th, 2023 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
7,386
HOA Dues
$0/mo
Year built
1918
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23316451
City
Los Angeles
County
Los Angeles
Time on Site
355 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,236
  • Total Rent: $1,236
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,180
  • Total Rent: $1,180
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $938
  • Total Rent: $938
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $886
  • Total Rent: $886
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.64%
  • Gross Rent Multiplier: 13.76
  • Gross Scheduled Income: --
  • Net Operating Income: $32,503
  • Gross Operating Income: $49,354
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3521 E Cesar E Chavez Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Landscaped
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 5232004005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a good East Los Angeles location, north of 1st Street and east of S Indiana Street.
View more facts & features

Local Los Angeles Agent

Sale History for 3521 E Cesar E Chavez Ave

Last sold for $700,000 on November 7th, 2023

  • November, 2023

  • Nov 7, 2023

    Date

    Sold

    CRMLS: 23316451

    $700,000

    Price

  • Sep 29, 2023

    Date

    Active

    CRMLS: 23316451

    $700,000

    Price

Tax History for 3521 E Cesar E Chavez Ave

Assessed Value (2020): $237,230
Year Land Value Improved Value Assessed Value
2020 $170,484 $66,746 $237,230

Home Value Compared to the Market

This property vs the competition

3521 E Cesar E Chavez Ave sold on November 7, 2023 for 37.5% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $289.26 per/sqft which puts the price per square foot 60.05% lower than the current median sale per square foot for the city of Los Angeles.

About 3521 E Cesar E Chavez Ave

Detailed summary of property

3521 E Cesar E Chavez Ave is a multi family that recently sold in Los Angeles, CA 90063. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 2,420 living square feet, and sits on an approximately 7,386 square foot lot. 3521 E Cesar E Chavez Ave was first listed on ArdentRealEstateGroup.com on September 29, 2023. The homeowner sold the property for $700,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 37.5% lower than the current median priced home. Local homes that are currently for sale include 410 S Ford Blvd, 1160 S Dacotah St and 3327 Hunter St. While the average home in Los Angeles, CA is selling in 106 days, 3521 E Cesar E Chavez Ave has a days on market of 6 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3521 E Cesar E Chavez Ave Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3521 E Cesar E Chavez Ave

Public county record property details
Beds
4
Baths
4
Year built
1918
Sq. Ft.
2,420
Lot Size
7,385
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5232-004-005

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$675,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
42
Median Sale to List Price %
100.17%
Avg Days on Market
57
Loan Type
Conventional (42.86%), FHA (28.57%), VA (0%), Cash (0%), Other (14.29%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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