1611 East Cesar E Chavez Avenue

Los Angeles, CA 90033

$1,600,000
Price
7
Beds
9
Baths
1,922 Sq. Ft.
$832 / Sq. Ft.
1,922
Sq. Ft.
$832
per Sq. Ft.

Description

Location,location,location! This outstanding mixed-use income property is ideally located with convenient access to the 101, 10, and 5 Freeways, offering unmatched connectivity and visibility. A prime investment opportunity, this 8-unit property features a strategic blend of commercial and residential spaces, making it perfect for generating diverse rental income. This Property Features 8 Units Total. This property offers 2 Commercial Units located on the ground floor at the front of the property,...Location,location,location! This outstanding mixed-use income property is ideally located with convenient access to the 101, 10, and 5 Freeways, offering unmatched connectivity and visibility. A prime investment opportunity, this 8-unit property features a strategic blend of commercial and residential spaces, making it perfect for generating diverse rental income. This Property Features 8 Units Total. This property offers 2 Commercial Units located on the ground floor at the front of the property, offering high visibility and potential for retail or office use. As well as 2 Residential Units located on the upper level, providing comfortable living spaces for tenants. And 4 Additional Residential Units situated at the rear of the property, further enhancing rental income opportunities. This property also offers 5 Parking Spaces On-site parking available for tenants, adding convenience and value. This property is just minutes from White Memorial Hospital, schools, and retail centers, offering easy access to essential services and amenities. This property represents a rare investment opportunity in a highly desirable area. With a mix of commercial and residential units, as well as close proximity to major freeways and local amenities, this property offers strong long-term potential for stable income growth.
  1. Listed by Ma De La Luz Zavala • DRE #02024462 • Brokerage DRE #01968349 • Homesmart Realty Group • 562-440-0177

Property Details for 1611 East Cesar E Chavez Avenue

Parking Spaces Total
1
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
8.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
1922
Assessor Parcel Number
5174-010-033
LISTING UPDATED: 01/11/2025 07:00 AM

Property Details for 1611 East Cesar E Chavez Avenue

StatusActive
MLS #DW25001797
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1952
Lot Size0.14 AC / 6,156 SF
CountyLos Angeles County

Building Information for 1611 East Cesar E Chavez Avenue

Stories2Residences-Year Built1952Building Size-Lot Size0.14 AC / 6,156 SF

Property Information for 1611 East Cesar E Chavez Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $151,920
  • Gross Scheduled Income: $151,920
  • Vacancy Allowance: 7500
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $144,450
  • Net Operating Income: $114,890
  • Gross Multiplier: 10.5
  • Cap Rate: 6.02
Expense Details
  • Operating Expense: $47,996
  • New Taxes Expense: $20,000
  • Fuel Expense: $0
  • Electric Expense: $1,800
  • Insurance Expense: $4,500
  • Professional Management Expense: $12,000
  • Trash Expense: $3,600
  • Water Sewer Expense: $5,400
  • Total Expenses: $47,996
Tax / Assessment Info
  • Tax Tract Number: 203500
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Vinyl
Exterior Features
  • Entry Location: front door
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Electric: See Remarks
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 1836
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 1836
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $750
  • Unit Type Total Rent: $750
  • Unit Type Pro Forma: 825
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1944
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1296
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $810
  • Unit Type Total Rent: $810
  • Unit Type Pro Forma: 874
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 8
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 1611 East Cesar E Chavez Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1611 East Cesar E Chavez Avenue

Taxable ValueLand$308,143Additions$535,910Total$844,053
Tax Record2024$11,030 ($919 / month)
Home Facts
Total Finished SqFt6,156 SqFtAbove Grade Finished SqFt6,156 SqFtStories1Lot Size7,557 SqFtStyleOffice BuildingYear Built1922ZoningLAC2CountyLOS ANGELESAPN5174-010-033

Schools near 1611 East Cesar E Chavez Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Bridge Street Elementary School
Public - K to 5
Hollenbeck Middle School
Public - 6 to 8
Felicitas And Gonzalo Mendez High
Public - 9 to 12
Theodore Roosevelt Senior High
Public - 9 to 12
Rating
School
Distance
Bridge Street Elementary School
PublicK to 5

Hollenbeck Middle School
Public6 to 8

Felicitas And Gonzalo Mendez High
Public9 to 12

Theodore Roosevelt Senior High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1611 East Cesar E Chavez Avenue, Los Angeles, CA 90033

1611 East Cesar E Chavez Avenue is a mixed use property for sale in Los Angeles, CA 90033. This property was listed for sale on December 23, 2024 by Homesmart Realty Group, it's currently listed at $1,600,000. It has been on the market for a total of 3 days and was last sold on August 16, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Bridge Street Elementary School, Hollenbeck Middle School and Felicitas And Gonzalo Mendez High. 1611 East Cesar E Chavez Avenue is a 7-bed, 9-bath, 1,922 sqft mixed use property built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Homesmart Realty Group, Ma De La Luz Zavala, DRE #02024462

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.