7 Mixed-Use Units in Prime East LA

Sale Price $1,360,000

4539 E Cesar Chavez.

# of Units: 7

GRM: 11.61

Cap: 6.21%

Price/SF: $240

Building SF: 5,656

Lot SF: 5,538

Zoning: LCC3*

Year Built: 1923

Description

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 Freeway. 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 Catholic Church. Also nearby are Cities Nightclub and El Gallo Restaurant and Bakery. The offering includes two structures that feature 2 ground floor retail storefronts and five apartments. Given that this is unincorporated Los Angeles, the 5 units are not subject to City of LA Rent Control, only County of LA Regulations, which is a 4% increase through June 2024. All in all, this is an incredible opportunity to purchase an iconic piece of East LA history.

Location

This location sits directly across from the famous La Azteca Tortilleria and adjacent to the historic El Gallo Plaza and the landmark Our Lady of Soledad Catholic Church. Also nearby are Cities Nightclub and El Gallo Restaurant and Bakery. Its only 1/5 Mile from Metro Gold Line Stop on 3rd & Mc Bride; 1.5 Miles from Metrolink Stop at Cal State LA.

Property Highlights

Fantastic Location in East LA on Cesar E Chavez Ave, in an area that is known to locals as “Old Town Maravilla,” just east of the 710 Freeway. Situated among many local favorite restaurants, bakeries, and cultural landmarks of the Latino community, this property is home to Tonalli Studio, a space of creative wellness, and Colibri Boutique.
11.74 GRM and 6.13% CAP on Realistic Expenses, with Appx 42% Rental Upside!
Great Cash Flow Deal!
Very Unique Mixed Use Property With Long Term, Well Established Retail Tenants On Annual and MTM Leases.
Located in the County of LA, not City - therefore it is not subject to City of LA Rent Control, only County Regulations, which is a 4% increase through June 2024.
No City of LA transfer taxes!
Back Quadruplex features all 1Br + 1Ba apartments of appx 510 SF.
Front Upstairs Unit is a very spacious 3Br + 2Ba apartment with private rooftop patio.
78 Walk Score - Very Walkable!
Only 1/5 Mile from Metro Gold Line Stop on 3rd & Mc Bride; 1.5 Miles from Metrolink Stop at Cal State LA