$1,450,000 Price Analysis   ♡   Los Angeles, CA 90022 7 bed 8 bath 5,656 SqFt ($256/SqFt) 5,538SqFt lot. Built 1923 Listed 2024-04-22, Taxes $1,927 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Welcome to East Los Angeles
A warm and vibrant community rich with cultural history and deep roots. The subject property is a well known locl gem situated along one of the most well known blocks east of the 710 Freeway. It sits directly across from the famous La Azteca Tortilleria and adjacent to the historic El Gallo Plaza and the landmark Our Lady of Soledad Catholic Church. Also nearby are Cities Nightclub and El Gallo Restaurant and Bakery. The offering includes two structures: The front structure features 2 ground floor retail storefronts and a large 2nd floor apartment with patio. In the rear is a separate quadruplex with all 1Br+1Ba apts. Given that this is unincorporated Los Angeles, the 5 units are not subject to City of LA Rent Control, County of LA. All in all, this is an incredible opportunity to purchase an iconic piece of East LA history. This property is priced to sell!
Listed at 12.38 GRM on current rents, a 5.75% CAP rate and plenty of room to grow on rents, this is an excellent opportunity for an investor who wants to own a cash flowing property in an irreplaceable area. Call for a full market ing package
Presented by Dana Coronado Income Properties LA at
Compass.
Property MLS #24-382455 from TheMLSCLAW
Full Bathrooms: 8
Bathroom 1 Features: Low Flow Toilet(s), Low Flow Shower(s)
Heating Features: Wall Gas
Patio Features: Balcony, Roof Top Deck
Lot Size Source: Assessor
Lot Size Square Feet: 5538
Calculated Total Monthly Association Fees: 0
Number of Units: 7
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 1808, 2 BedsTotal: 3, 2 BathsTotal: 2, 2 SquareFeet: 3000, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1800, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1800, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 1800, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 1800
Tenant Pays: Gas, Electric, Trash
Vacancy Allowance: 3497
French Doors
High Ceilings (9 Feet+)
Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.47
Directions: On E. Cesar E. Chavez Ave just east of the 710 Freeway
Source Property Type: Residential Income
Area: East LA
Source Neighborhood: East LA
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 7
Owner Pays: Water, Gas
Parcel Number: 5235-004-025
Postal Code Plus 4: 1116
Zoning: LCC3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $137,967 $137,967 | $1,927 |
| 2021 | $unknown + $135,262 $135,262 | $1,910 |
| 2020 | $unknown + $133,876 $133,876 | $1,922 |
| 2019 | $unknown + $131,251 $131,251 | $1,855 |
| 2018 | $unknown + $128,678 $128,678 | $1,715 |
| 2017 | $unknown + $126,155 $126,155 | $1,679 |
| 2016 | $unknown + $123,682 $123,682 | $1,647 |
| 2015 | $unknown + $121,825 $121,825 | $1,623 |
| 2014 | $unknown + $119,439 $119,439 | $1,622 |
| 2013 | $unknown + $118,900 $118,900 | $1,618 |
| 2012 | $unknown + $116,569 $116,569 | $1,627 |
| 2010 | $unknown + $114,284 $114,284 | $1,587 |
| 2009 | $unknown + $113,700 $113,700 | $1,581 |
| 2009 | $unknown + $113,430 $113,430 | $1,581 |
| 2008 | $unknown + $111,471 $111,471 | $1,472 |
| 2007 | $unknown + $109,286 $109,286 | $1,426 |
$1,450,000
TheMLSCLAW
Listed 2024-04-22
$1,500,000
TheMLSCLAW
Sold 1987-05-14
$75,000
Public Record
Year Built: 1923
Building Exterior Type: Brick, Stucco
Direction Faces: South
Entry Location: Main Level
Levels: Two Level
Living Area Source: Assessor
Property Age: 101
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
Security Features: Carbon Monoxide Detector(s), Smoke Detector
Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.