2826 E Cesar E Chavez Avenue,  Los Angeles CA, 90033 (Residential Income)

5,904 sqft
Status: Active
MLS#: AR16707312
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Last Updated: 12/4/2016 4:03 PM
Description for 2826 E Cesar E Chavez Avenue Los Angeles, CA 90033
Located in Boyle Heights, one of the “oldest neighborhoods in Los Angeles. Cesar Chavez Ave is the heart of East L.A. with a vibrant history. The property consists of eight 2 bed+1 baths, and two 1 bed +1 baths. This easy to maintain building is located on a highly visible lot. Minutes from the Gold Line Metro stations, buses, freeways, parks, schools, Downtown, Little Tokyo, Chinatown, Dodgers Stadium, top rated eateries. Cesar Chavez Ave is in the process of going through a tremendous transformation, being named by the mayor as one of 15 “great streets” for city investments. The subject property has undergone a significant amount of recent improvements on the interior and exterior.Nearly all units are tiled throughout making maintenance simple. New exterior paint and new fascias, wrought iron fence around complex. The current rents are below market levels which offers an astute investor a huge amount of rental upside.The tenants are responsible for their own gas and electricity. There is parking on the premise and owner owned laundry machines on-site. SOLD AS-IS condition, without any repairs. Inspection subject to accepted offer.
Price
$1,750,000
Los Angeles
5,904 (approx)
AR16707312
Active
Description
Located in Boyle Heights, one of the “oldest neighborhoods in Los Angeles. Cesar Chavez Ave is the heart of East L.A. with a vibrant history. The property consists of eight 2 bed+1 baths, and two 1 bed +1 baths. This easy to maintain building is located on a highly visible lot. Minutes from the Gold Line Metro stations, buses, freeways, parks, schools, Downtown, Little Tokyo, Chinatown, Dodgers Stadium, top rated eateries. Cesar Chavez Ave is in the process of going through a tremendous transformation, being named by the mayor as one of 15 “great streets” for city investments. The subject property has undergone a significant amount of recent improvements on the interior and exterior.Nearly all units are tiled throughout making maintenance simple. New exterior paint and new fascias, wrought iron fence around complex. The current rents are below market levels which offers an astute investor a huge amount of rental upside.The tenants are responsible for their own gas and electricity. There is parking on the premise and owner owned laundry machines on-site. SOLD AS-IS condition, without any repairs. Inspection subject to accepted offer.
Listing Information
Property Type: Cluster, 2 Story
0.19 Acres 862,000 sq.ft. 5,904 (approx)
$296.41 1958
2
Gas Water Heater, Common Hot Water Heater
10 Total
Neighborhood
Room Information
Bathtub
Interior Features
Ceramic Tile
None
Gas Heat, Wall Unit
Kitchen, Living Room, Electric, Gas Burning
Exterior / Lot Features
Handicap Parking, Assigned Parking Space
None
No Pool
LAC2
Sidewalks, Street Lights, Urban
Driving Directions
Between Soto and Evergreen
Financial Considerations
5180018019
$117,091 Income ,$36,675Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90033 has a population of 3,804,503.

The median household income in Los Angeles, California 90033 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90033 is 34.1 years.

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Courtesy: Resource Real Estate Services Paul Luc
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