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 #:
24370985
Status:
Active
Baths:
0
Address:
1611 E Cesar E Chavez Avenue
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Mar 21, 2024
State:
CA
ZIP:
90033
Year Built:
1922
Schools
Interior
Heating
Floor Furnace
Exterior
Parking Spots
5.00
Roof
Flat
Security Features
Smoke Detector(s), Window Bars, Carbon Monoxide Detector(s)
Stories Total
2
Water Source
Public
Financial
Utilities
Cable Available
Map
Contact Us
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1611 E Cesar E Chavez Avenue
Los Angeles, CA
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