1611 E Cesar e Chavez Ave Los Angeles, CA 90033
Estimated payment $8,655/month
Highlights
- Laundry Room
- Felicitas and Gonzalo Mendez High Rated A-
- 4-minute walk to Prospect Park
About This Home
HUGE PRICE REDUCTION, MOTIVATED SELLER, SEND US YOUR OFFER DON’T BE SHY, ALL OFFERS WILL BE REVIEWED!! This outstanding mixed-useproperty is ideally located with convenient access to the 101,10 and 5 freeways, offering unmatched connectivity and visibility. A prime investment opportunity, This 8-unit property features a strategic blend of commercial and residecial spaces, making it prefect for generating diverse rental income. The property fictures 8 units Total.This property offers 2 commercial units located on the ground floor at the front of the property, offering high visibility potential for retail stores or office use. As the rental income locate at the upper label and a house in the back has a car garage and laundry room. further enhancing rental income opportunities, This property also offer parking for each unit and a patio on the back the building in front of the back house adding convenience and value. This property represents a rare investment opportunity in a highly desirable area. With a mix of commercial and residential units, as well as close proximity freeway and minutes from downtown Los Angeles, This property offers long-term potential for stable income growth.
Listing Agent
First Team Real Estate Brokerage Phone: 562-440-0177 License #02024462 Listed on: 04/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,030
Year Built
- Built in 1952
Lot Details
- 7,557 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 6,156 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 203500
- $11,030 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 8 Units
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,800
- Insurance Expense $4,500
- Professional Management Expense $10,000
- Trash Expense $3,600
- Water Sewer Expense $5,400
- Operating Expense $23,518
- Gross Income $151,920
- Net Operating Income $114,890
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,030 | $860,933 | $314,305 | $546,628 |
| 2024 | $11,030 | $844,053 | $308,143 | $535,910 |
| 2023 | $10,829 | $827,503 | $302,101 | $525,402 |
| 2022 | $10,349 | $811,278 | $296,178 | $515,100 |
| 2021 | $10,194 | $795,371 | $290,371 | $505,000 |
| 2020 | $10,286 | $787,216 | $287,394 | $499,822 |
| 2019 | $9,902 | $771,781 | $281,759 | $490,022 |
| 2018 | $9,715 | $756,649 | $276,235 | $480,414 |
| 2016 | $9,237 | $727,269 | $265,509 | $461,760 |
| 2015 | $9,108 | $716,345 | $261,521 | $454,824 |
| 2014 | $9,152 | $702,314 | $256,399 | $445,915 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Price Changed | $1,452,000 | +836.8% | $236 / Sq Ft |
| 04/12/2025 04/12/25 | For Sale | $154,999 | -- | $25 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $630,000 | Diversified Title & Escrow S |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $378,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW25081077
APN: 5174-010-033
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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