$2,575,000

Estimated payment $15,930/month

Total Views 1,534
-- Bed
-- Bath
10,758 Sq Ft
$239 Price per Sq Ft

About This Home

2626 East Cesar Chavez Avenue presents a compelling investment opportunity in the Boyle Heights market. This well-managed, 100% leased asset offers a competitive 6.67% cap rate. Located on a corner lot at a signalized intersection with prime visibility, the property is situated in a rapidly gentrifying area with growing demographics, positioning it for future growth.

Listing Agent

David Ghermezian

Newmark Estates License #01084422 Listed on: 02/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,685

Year Built

  • Built in 1925

Lot Details

  • 8,986 Sq Ft Lot
  • Lot Dimensions are 90x100

Home Design

  • Split Level Home

Interior Spaces

  • 10,758 Sq Ft Home
  • 2-Story Property

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5180-009-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,685

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Living Area: 10758
  • Lot Acreage: 0.2063
  • Lot Dimensions: 90x100
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 239.36

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 57.81
  • Assessed Improvement Value: 882112
  • Assessed Land Percent: 42.19
  • Assessed Land Value: 643876
  • Assessor Parcel Number: 5180-009-006
  • Lot Size Area: 8986

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 14.98
  • Number Of Units: 7
  • Total Annual Expense: 54090
  • Type Of Units: Mixed
  • Vacancy Rate: 3%

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $19,685 $1,525,988 $643,876 $882,112
2023 $19,321 $1,496,067 $631,251 $864,816
2022 $18,457 $1,466,733 $618,874 $847,859
2021 $18,179 $1,437,975 $606,740 $831,235
2020 $18,348 $1,423,231 $600,519 $822,712
2019 $17,653 $1,395,326 $588,745 $806,581
2018 $17,204 $1,367,967 $577,201 $790,766
2016 $16,408 $1,314,849 $554,789 $760,060
2015 $16,174 $1,295,100 $546,456 $748,644
2014 $16,237 $1,269,732 $535,752 $733,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2025 02/11/25 For Sale $2,575,000 -- $239 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Orange Coast Title
Grant Deed -- American Title
Grant Deed $3,000 --
Trustee Deed $169,955 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,246,000 Commercial
Open $3,350,000 Credit Line Revolving
Closed $1,125,000 Commercial
Previous Owner $800,000 Commercial
Source: Public Records

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Source: The MLS

MLS Number: 25497187

The MLS

APN: 5180-009-006