1416 E Cesar E Chavez Ave - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90033- Boyle Heights
$690,000 USD
310-592-8269
1416 E Cesar E Chavez Ave, Los Angeles, CA for Sale
$690,000 USD
Storefront Retail/Residential - FOR SALE
1/13
null | Request Cap Rate

1416 E Cesar E Chavez Ave
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • 67 feet of frontage on busy Cesar Chavez commercial corridor
  • Mixed-use asset: retail + residential
  • Apartment units have private entries in each bedroom, allowing for additional tenants
  • Fully built-out kitchen in retail space
  • Up to 80% State Guarantee Program financing to owner-users
  • Minutes from Downtown LA and light rail

OVERVIEW

Darin Spillman at Kidder Mathews is pleased to present a mixed-use property at 1416-20 E. Cesar Chavez Avenue in the exciting Boyle Heights submarket of Los Angeles, minutes from downtown. The property would qualify for up to 80% LTV financing backed by the CA State Guarantee Program, if an owner-user occupies the retail space. The entirely vacant property consists of a 500 SF retail building with permitted restaurant use and kitchen equipment (buyer to verify), and a 1,035 SF residential building consisting of two 1 bedroom / 2 bathroom units, each with 2 separate entrances. Alternatively, the retail space can be converted to an ADU. Situated in a high density, heavily foot trafficked commercial 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-user or investor to acquire a value-add property.

FOR SALE DETAILS

PRICE

$690,000 USD

PRICE/SF

$511 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

100% Vacant Mixed-Use Boyle Heights

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LAC2

APN/PARCEL ID

5174-017-021

ASK ABOUT THIS PROPERTY

Darin SpillmanKidder MathewsMore Info
310-592-8269

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Darin SpillmanKidder MathewsMore Info
310-592-8269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.