2626-2630 E Cesar E Chavez Ave - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90033- Boyle Heights
$2,575,000 USD
310-801-8700
2626-2630 E Cesar E Chavez Ave, Los Angeles, CA for Sale
$2,575,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | 6.67% Cap Rate

2626-2630 E Cesar E Chavez Ave
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • 100% occupied mixed use apartment/retail building
  • Building is on a corner lot at a signalized intersection with excellent visibility
  • A portion of the retail leases expire in the near term, providing an excellent opportunity to reposition the asset and capitalize on the potential ups
  • Excellent location in Boyle Heights, a sub-market which is undergoing gentrification and an increase in demographics, and poised for growth

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,575,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,984 SF

ZONING

LAC2

APN/PARCEL ID

5180-009-006

ASK ABOUT THIS PROPERTY

David GhermezianNewmarkMore Info
310-801-8700

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David GhermezianNewmarkMore Info
310-801-8700

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