Los Angeles, CA 90022,4537 E Cesar E Chavez AVE
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Los Angeles, CA 90022,4537 E Cesar E Chavez AVE
Los Angeles, CA 90022,4537 E Cesar E Chavez AVE
Los Angeles, CA 90022,4537 E Cesar E Chavez AVE
Los Angeles, CA 90022,4537 E Cesar E Chavez AVE

$1,360,000

Est. payment /mo

$1,375,000

1.1%
Est.Price: ?

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4537 E Cesar E Chavez AVE Los Angeles, CA 90022

7 Beds

8 Baths

5,656 SqFt

SOLD DATE : 09/25/2024

Key Details

Sold Price $1,360,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,656 sqft

Price per Sqft $240

MLS Listing ID 24382455

Sold Date 09/25/24

Bedrooms 7

HOA Y/N No

Year Built 1923

Lot Size 5,536 Sqft

Property Description

This property is priced to sell! Only $243/SF! Listed at 11.74 GRM on current rents, a 6.13% CAP rate, and plenty of room to grow on rents, this is an excellent opportunity for an investor who wants to own a cash flowing property in an irreplaceable area. Call for a full marketing package w/financials. Welcome to East Los Angeles, a warm and vibrant community rich with cultural history and deep roots. The subject property is a well known local gem situated along one of the most well known blocks east of the 710 Fwy. It sits directly across from the famous La Azteca Tortilleria and adjacent to the historic El Gallo Plaza and the landmark Our Lady of Soledad Church. Also nearby are Cities Nightclub and El Gallo Restaurant and Bakery. The offering includes two structures: The front structure features 2 ground floor retail storefronts and a large 2nd floor 3Br apartment with patio. In the rear is a separate quadruplex with all 1Br+1Ba apts. Given that this is unincorporated Los Angeles, the 5 units are not subject to City of LA Rent Control, only County of LA. All in all, this is an incredible opportunity to purchase an iconic piece of East LA history.

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCC3*

Interior

Fireplaces Type None

Fireplace No

Appliance Disposal

Laundry None

Exterior

Parking Features None

Pool None

View Y/N No

View None

Porch Rooftop

Private Pool No

Building

Faces South

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5235004025

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Dana Coronado • Compass
Bought with Dana Coronado • Compass
agent

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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