2228-2232 E Cesar E Chavez Ave - Freestanding FOR SALE


Los Angeles, CA 90033
$4,200,000 USD
310-406-9110
2228-2232 E Cesar E Chavez Ave, Los Angeles, CA for Sale
$4,200,000 USD
Freestanding - FOR SALE
1/28
null | 5.87% Cap Rate

2228-2232 E Cesar E Chavez Ave
Los Angeles, CA 90033


HIGHLIGHTS

  • Creative Commercial Building with Ground Floor Retail Located in the Heart of Boyle Heights
  • Excellent Visibility on Cesear Chavez Ave with +/- 22,733 Cars per Day
  • Former Restaurant, Cocktail Lounge
  • Convenient access to I-10, 101, I-5, and 710 Freeway
  • 5.87% Cap Rate with Upside in Rent

OVERVIEW

The subject property is located at 2228 E Cesar E Chavez Avenue, situated on the south side of the street between North Breed Street and North Chicago Street in the City of Los Angeles, Los Angeles County, California, in the Boyle Heights Neighborhood. The building is a prewar (circa 1927) two-story structure with a cellar and subcellar, serving mixed uses. The ground floor features a 6,431 square foot retail space, which, along with a 6,431 square foot finished cellar, totals 12,862 square feet, which is fully occupied by the same tenant ZMS Academy. The second floor, which spans 6,347 square feet, is subdivided into six professional spaces ranging from 450 to 1,250 square feet. The assessor’s total building size is 12,510 square feet, and a Gross Leasable Area (GLA) of 17,396 +/- square feet. The property sits on a 7,775 square foot lot zoned LAC2.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

5.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

5183-003-002

ASK ABOUT THIS PROPERTY

Tim SteuernolNAI CapitalMore Info
310-406-9110

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Tim SteuernolNAI CapitalMore Info
310-406-9110

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