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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Courtesy of Equity Union. 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 BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA 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. 1611 E Cesar E Chavez Avenue
Los Angeles, CA
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