Year-One 10 GRM & 6.99% Cap Rate, Market 7.0 GRM & 10.99% Cap Rate! A 17 unit property consisting of 8 separate parcels, conveniently located in East Los Angeles. Built between 1922 and 1963, the buildings consist of 3 commercial spaces, 1 vacant lot, and 14 apartments that include a unit mix of (10) 1-bedroom units and (4) 2-bedroom units. The portfolio is being delivered with 6 vacancies and has the potential to yield a 7 GRM upon rehab and stabilization. This value-add property, neighboring Boyle Heights, attracts many who are seeking a quick and easy commute to Downtown LA. Investors have many opportunities to capitalize on this investment whether it is to generate high cash flow, assemble the additional parcels, or renovate and sell each parcel individually for an estimated future value of $3.75MM.
Off market
$2,617,800
4316-4344 E Cesar E Chavez Ave, Los Angeles, CA 90022
18beds
14baths
10,334sqft
MultiFamily
Built in 1926
-- sqft lot
$2,617,800 Zestimate®
$253/sqft
$2,078 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
 - Bathrooms: 14
 
Cooling
- Other
 
Interior area
- Total interior livable area: 10,334 sqft
 
Property
Parking
- Total spaces: 13
 
Lot
- Size: 0.50 Acres
 
Details
- Additional structures: Other
 
Construction
Type & style
- Home type: MultiFamily
 
Condition
- Year built: 1926
 
Community & neighborhood
Location
- Region: Los Angeles
 
Other
Other facts
- County: Los Angeles
 - PropertyType: Residential Income
 - Equipment: Other
 - Cooling: Other
 - Heating: Other
 - SourceLivingArea: Other
 - SourceLotSizeArea: Other
 - ParkingGarage: Other
 - ListingArea: East LA
 - ListingStatus: Active Under Contract
 - UnitTypeType: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116
 - OtherStructures: Other
 
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Estimated market value
$2,617,800