100% vacant 3 unit property in the exciting Boyle Heights submarket of Los Angeles, minutes from downtown. The entirely vacant property consists of 2 separate structures: a 500 SF building formerly used as a restaurant that can be converted to a residential ADU, and a 1,035 SF building consisting of two 1 bedroom / 2 bathroom units, each with 2 separate entrances. There is only street parking. Situated in a high density, high rental demand corridor 0.4 miles from the Mariachi Plaza light rail station, with close proximity to the Arts District, Downtown L.A., and all the employment, shopping, schools, and retail that Boyle Heights has to offer, 1416-1420 E Cesar Chavez Avenue presents a unique opportunity for an owner-occupant or investor to acquire a value-add property.
Total Floor Area:
1,535 sq. ft.143 m2
Lot Area:
5,417 sq. ft.503 m2
Bedrooms:
3
Full Bathrooms:
0
Three Quarter Bathrooms:
0
Half Bathrooms:
0
One Quarter Bathrooms:
0
Bathrooms:
4.0
(Full:0, Half:0)
Year built:
1947
(Age: 78)
General Listing Location:
Los Angeles, BOYH - Boyle Heights
County Or Parish:
Los Angeles
Gross Income:
$72,000
Net Operating Income:
$54,000
Located on Cesar Chavez Avenue just south of the 10 Freeway and east of the 101 Freeway.