FOR SALE: Boyle Heights Mixed Use Apartment/Retail Building. 100% leased, actual cap rate 6.67%
2626 East Cesar Chavez Avenue is comprised of an approximately 10,758 SF building on approximately 8,983 SF of land, zoned C2, located at the southwest corner of East Cesar Chavez Avenue and Mott Street. Its location along the main commercial thoroughfare of Boyle Heights amongst a dense collection of commercial businesses, retailers and restaurants, which make it a very desirable asset in the market. Also, as a corner property, the building boasts increased visibility which is desirable to retail tenants. The two story building is comprised of six retail spaces on the ground floor, and seven apartment units on the second floor. With a portion of the retail leases expiring in the near term, an investor will have the opportunity to reposition the asset and capitalize on the potential increase in rents from the gentrification happening in the area. Also, a mix of both retail and apartment tenants provides a diversified and stable investment.
2626 East Cesar Chavez Avenue is an attractive opportunity for an investor looking to purchase in the
Boyle Heights market.
- 100% occupied mixed use apartment/retail building.
- A portion of the retail leases expire in the near term, providing an excellent opportunity to reposition
the asset and capitalize on the potential upside rent.
- Building is on a corner lot at a signalized intersection with excellent visibility.
- Excellent location in Boyle Heights, a sub-market which is undergoing gentrification and an
increase in demographics, and poised for growth in the future.
- Boyle Heights’ Los Angeles County General Hospital has remained vacant for years,
and will be transformed into 1.68 million square feet of affordable housing units, office,
retail and hotel.