1611 E Cesar E Chavez Ave Boyle Heights
Home Details
An excellent chance awaits to invest in an 8-unit property comprising 2 storefronts and 6 apartments, each offering consistent cash flow and promising growth prospects. Additionally, the property features 5 parking spots – 4 uncovered and 1 covered. Situated close to White Memorial Hospital, USC Health Services, Dodger Stadium, and Chinatown, this property benefits from steady drive-by traffic for its storefront units. Seize this opportunity for immediate cash flow, as it’s expected to be snapped up quickly. Monthly Pro Forma Rent $15,000, with a 8.2% Pro Forma Cap rate.
Presented By: Dan Stueve with Equity Union
Interior Features for 1611 E Cesar E Chavez Ave
Bedrooms
Total Bedrooms3
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths1
Other Interior Features
Air Conditioning Y/NNo
FlooringLaminate
Heating Y/NYes
Total Stories2
General for 1611 E Cesar E Chavez Ave
AFH
AppliancesDisposal
Buyer FinancingCash
Cap Rate5.78
CityLos Angeles
Construction MaterialsBrick, Wood Siding
CoolingNone
CountyLos Angeles
Days on Market8
DirectionsSee Map
Gross Income141720
HOA / Comm AssnNo
HeatingFloor Furnace
High School DistrictLos Angeles Unified
LevelsTwo
Lot Size Square Feet7559
Lot Size UnitsSquare Feet
MLS AreaBOYH – Boyle Heights
Net Operating Income101125
New ConstructionNo
NumberOfUnitsTotal8
Open Parking Spaces6
Other StructuresShed(s)
Pool FeaturesNone
PossessionClose Of Escrow
Property TypeResidential Income
Rent Control Y/NYes
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Standard StatusActive
StatusActive
Stories2
UtilitiesOverhead Utilities
Year Built1922
ZoningLAC2
Exterior for 1611 E Cesar E Chavez Ave
Building Area Total6156
Foundation DetailsSlab
Lot FeaturesRectangular Lot
Lot Size Acres0.1735
Lot Size Area7559
Number of Buildings3
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters8
Parking FeaturesConcrete, Uncovered
SpaNo
Total Parking6
Mortgage Calculator
Payment Breakdown
PrincipalTaxesINS/PMI*
| Principal | +$7,574.14 |
|---|---|
| Taxes | +$593.54 |
| INS/PMI* | +$652.90 |
| Other | +$0.00 |
Total monthly payment = $8,820.57 | |
| Principal | Taxes | INS/PMI* | Other | Total | |
|---|---|---|---|---|---|
| Monthly | $7,574.14 | $593.54 | $652.90 | $0.00 | $8,820.57 |
| Yearly | $90,889.62 | $7,122.50 | $7,834.75 | $0.00 | $105,846.87 |
| Total | $2,726,688.70 | $213,675.00 | $235,042.50 | $0.00 | $3,175,406.20 |
*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.
Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.
