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    4539 Cesar Chavez Avenue

    Los Angeles (City), CA 90022
    • $1,250,000
    • STATUS: Active Under Contract
    • ON SITE: 34 days
    • ID#: PW20171321
    Under Contract
    UPDATED: 38 min ago
    $1,250,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,656
      SQFT
    • $221
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1931
    County:

    School Ratings & Info

    Description

    Once in a lifetime opportunity to acquire 4539 Cesar E. Chavez, an seven-unit multifamily apartment-retail building located in the supply constrained 90022 zip code of Los Angeles, CA. and CENTRALLY LOCATED BY ALL MAJOR FWY: 5, 101, 10, 110, 710, 60. Outstanding investment with 7 Units located in the heart of East Los Angeles, close to the 710 freeway. The property features 5,656 square feet of gross rentable area and is situated on a 5538-square foot lot. The property is composed of One (1) 3bd, 2ba apartment and Two(2) retail stores in the front unit, and Four (4) one bedroom apartments in the rear unit. The front unit provides an excellent opportunity for an investor looking for a owner-user opportunity. Conveniently Located off the 710 Freeway, and a Short Commute to Downtown Los Angeles. This prime location in East Los Angeles, and located in unincorporated area of Los Angels County and is not part of the (RSO) rent stabilization ordinance. This neighborhood offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Downtown Los Angeles, Commerce, Pasadena and Glendale. Given the property+GGs prime location,it is well suited to provide investors with healthy returns and long-term appreciation. Buyer to Verify All Aspects of the Property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-25T11:28:37.503. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/109218249
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    4539 Cesar Chavez Avenue Los Angeles (City), CA 90022

    • Price: $1,250,000
    • Status: Active Under Contract
    • Updated: 38 min ago
    • ID#: PW20171321
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    5,656
    SQFT
    $221
    $/SQFT
    1931
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Once in a lifetime opportunity to acquire 4539 Cesar E. Chavez, an seven-unit multifamily apartment-retail building located in the supply constrained 90022 zip code of Los Angeles, CA. and CENTRALLY LOCATED BY ALL MAJOR FWY: 5, 101, 10, 110, 710, 60. Outstanding investment with 7 Units located in the heart of East Los Angeles, close to the 710 freeway. The property features 5,656 square feet of gross rentable area and is situated on a 5538-square foot lot. The property is composed of One (1) 3bd, 2ba apartment and Two(2) retail stores in the front unit, and Four (4) one bedroom apartments in the rear unit. The front unit provides an excellent opportunity for an investor looking for a owner-user opportunity. Conveniently Located off the 710 Freeway, and a Short Commute to Downtown Los Angeles. This prime location in East Los Angeles, and located in unincorporated area of Los Angels County and is not part of the (RSO) rent stabilization ordinance. This neighborhood offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Downtown Los Angeles, Commerce, Pasadena and Glendale. Given the property+GGs prime location,it is well suited to provide investors with healthy returns and long-term appreciation. Buyer to Verify All Aspects of the Property.
    Exterior Features

    Architectural Style Spanish Construction Materials BlockBrickConcrete Exterior Features Tv Antenna Fence YN No Fencing None Foundation Details Brick/Mortar Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features None Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN Yes Roof Asphalt Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Gas OvenGas RangeWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 510 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1650 Average3 Bed Area Units Square Feet Common Walls 1 Common WallNo One Below Cooling None Cooling YN No Flooring TileVinylWood Heating Wall Furnace Heating YN Yes Laundry Features Washer Hookup Levels Two Window Features Skylight(S)

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Street Lights Country Us Electric Expense 1200.00 Elevation Units Feet Exclusions Personal Property Fuel Expense 0.00 Gross Income 95484.00 Gross Scheduled Income 95484.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 90984.00 New Construction YN No New Taxes Expense 15625.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 7 Number With Dishwasher 0 Number With Range 5 Number With Refrigerator 5 Operating Expense 5100.00 Professional Management Expense 0.00 Property Condition Repairs CosmeticRepairs Major Rent Control YN No Security Features Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other East Los Angeles Total Actual Rent 95484.00 Total Expenses 5100.00 Trash Expense 1200.00 Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableSewer ConnectedWater Connected Water Sewer Expense 1200.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Melissa Gomez of American Beachside Brokers


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-25T11:28:37.503. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

     
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