NOT LISTED FOR SALE

4344 E Cesar e Chavez Ave Los Angeles, CA 90022

Estimated Value: $830,000 - $896,000

18 Beds
14 Baths
10,334 Sq Ft
$83/Sq Ft Est. Value

Sale Details

Date Sold: July 17, 2020

Last sale price $1,920,000 $186 Per Sq Ft

Current estimated payment $5,581 / mo

9 Days on Market

About This Home

As of July 2020

Year-One 10 GRM & 6.99% Cap Rate, Market 7.0 GRM & 10.99% Cap Rate! A 17 unit property consisting of 8 separate parcels, conveniently located in East Los Angeles. Built between 1922 and 1963, the buildings consist of 3 commercial spaces, 1 vacant lot, and 14 apartments that include a unit mix of (10) 1-bedroom units and (4) 2-bedroom units. The portfolio is being delivered with 6 vacancies and has the potential to yield a 7 GRM upon rehab and stabilization. This value-add property, neighboring Boyle Heights, attracts many who are seeking a quick and easy commute to Downtown LA. Investors have many opportunities to capitalize on this investment whether it is to generate high cash flow, assemble the additional parcels, or renovate and sell each parcel individually for an estimated future value of $3.75MM.

Last Agent to Sell the Property

Elijah Korobkin

Central Realty Advisors Inc License #01897085 Listed on: 06/15/2020

Co-Listed By

Chris Shahinian

The Agency License #01971377

Last Buyer's Agent

Elijah Korobkin

Central Realty Advisors Inc License #01897085 Listed on: 06/15/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 21,934 Sq Ft Lot

Parking

  • 13 Parking Spaces

Interior Spaces

  • 10,334 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 14 Bathrooms

Community Details

  • 8 Buildings
  • 17 Units

Listing and Financial Details

  • Assessor Parcel Number 5234-012-037

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0.5 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 10334
  • Stories: 1
  • Year Built: 1926
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Total Bathrooms: 14.00
  • Price Per S Q F T: 185.79

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 13

Lot Info

  • Assessor Parcel Number: 5234-012-037
  • Geocode Override: No
  • Lot Size Area: 21934

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116
  • Gross Rent Multiplier: 10.00
  • Number Of Units: 17
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2020
Closed on
Jul 15, 2020
Sold by
Sbk Cs Llc
Bought by
Moradzadeh Danny and Geola Sherli
Seller's Agent
Elijah Korobkin
Central Realty Advisors Inc
Buyer's Agent
Elijah Korobkin
Central Realty Advisors Inc
List Price
$1,920,000
Sold Price
$1,920,000
Current Estimated Value
$858,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,061,333
Avg. Annual Appreciation
-13.17%
Original Mortgage
$1,050,000
Outstanding Balance
$931,070
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
-$72,403

Purchase Details

Closed on
Mar 3, 2020
Sold by
Romo Hecotr
Bought by
Sbk Cs Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 9, 2006
Sold by
Romo Julieta
Bought by
Romo Julieta L and The J L Romo 2006 Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Moradzadeh Danny $1,920,000 Ticor Title Company
Sbk Cs Llc $1,400,000 Chicago Title
Romo Julieta L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moradzadeh Danny $1,050,000
Previous Owner Sbk Cs Llc $700,000
Previous Owner Sbk Cs Llc $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2020 07/17/20 Sold $1,920,000 0.0% $186 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $1,920,000 -- $186 / Sq Ft
Source: The MLS

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 $11,468 $831,305 $368,026 $463,279
2024 $11,468 $815,006 $360,810 $454,196
2023 $11,023 $799,027 $353,736 $445,291
2022 $10,518 $783,360 $346,800 $436,560
2021 $10,396 $768,000 $340,000 $428,000
2020 $2,332 $72,123 $16,105 $56,018
2019 $2,286 $70,710 $15,790 $54,920
2018 $2,217 $69,325 $15,481 $53,844
2016 $2,121 $66,635 $14,881 $51,754
2015 $2,098 $65,635 $14,658 $50,977
2014 $2,109 $64,350 $14,371 $49,979
Source: Public Records

Agents Affiliated with this Home

  • Elijah Korobkin

    Seller's Agent in 2020

    Elijah Korobkin

    Central Realty Advisors Inc

    (323) 873-9332

    11 Total Sales

    Elijah Korobkin
    Section Image
  • Chris Shahinian

    Seller Co-Listing Agent in 2020

    Chris Shahinian

    The Agency

    (818) 445-0247

    15 Total Sales

    Chris Shahinian
    Section Image
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Map

Source: The MLS

MLS Number: 20-584168

The MLS

APN: 5234-012-028

California Los Angeles County Los Angeles 90022

4344 E Cesar e Chavez Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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