7 months on rocket

1611 E Cesar E Chavez Ave, Los Angeles, CA, 90033

$1,699,500

Home List Price

$10,000*

Closing Credit

3 Bedrooms
1 Bath
6,156 SqFt
$276/SqFt
House

Location

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1611 E Cesar E Chavez Ave, Los Angeles$1,699,500

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingConcrete, Uncovered
Year Built1922
HeatingFloor Furnace
CoolingNone
MLS #24368707
Lot Size0.17 Acres
StatusActive

About 1611 E Cesar E Chavez Ave

An excellent chance awaits to invest in an 8-unit property comprising 2 storefronts and 6 apartments, each offering consistent cash flow and promising growth prospects. Additionally, the property features 5 parking spots - 4 uncovered and 1 covered. Situated close to White Memorial Hospital, USC Health Services, Dodger Stadium, and Chinatown, this property benefits from steady drive-by traffic for its storefront units. Seize this opportunity for immediate cash flow, as it's expected to be snapped up quickly. Monthly Pro Forma Rent $15,000, with a 8.2% Pro Forma Cap rate.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 2
  • Living Area: 6,156 SqFt

Listing Office:

  • Office Name: Equity Union
  • Office Phone: (424) 600-7620
  • Listing Agent: Dan Stueve

Interior Features

Interior Information:

  • Appliances: Disposal
  • Flooring Type: Laminate

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Concrete, Uncovered

Lot Features

Lot Information:

  • Lot: Rectangular Lot
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: See Map

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,699,500
  • Price Per SqFt: $276/SqFt

Tax Information:

  • Annual Amount: $10,194
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1611 E Cesar E Chavez Ave vs Los Angeles

219 DAYS ON ROCKET

+181 Days

$1,699,500

+$676K More

$276/SqFt

-$365 Less

KEY TAKEAWAY

This property is $676K more than the Median Sold Price and $365/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24368707

Listing Office:

  • Office Name: Equity Union
  • Office Phone: (424) 600-7620
  • Listing Agent: Dan Stueve

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 9:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 16, 2005Home Sold
$630,000

Tax History

YEARPROP. TAXASSESSMENT
2021$10,194$795,371
2020$9,901$787,216
2019$9,715$771,781
2018$9,512$756,649
2017$9,512$741,814

History based on county public records data.

Payment Calculator

$8,550

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,162

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-232657
4
/10

  • Bridge Street Elementary School

  • 605 N Boyle Ave

  • 0.09 miles

  • Public District Grades KG-5

school-card-donut-232658
6
/10

  • 2nd Street Elementary School

  • 1942 E 2nd St

  • 0.50 miles

  • Public District Grades KG-6

school-card-donut-232659
4
/10

  • Sheridan Street Elementary School

  • 416 Cornwell St

  • 0.61 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,008. Typical income of Los Angeles, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1611 E Cesar E Chavez Ave

What is the listing price of this property?

The listing price of 1611 E Cesar E Chavez Ave property is $1,699,500.

What type of property is this?

The property 1611 E Cesar E Chavez Ave is a house located in Los Angeles, California, 90033.

Is this property for sale now?

Active Listing: 1611 E Cesar E Chavez Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $10,194 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 16, 2005 for $630,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1611 E Cesar E Chavez Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1611 E Cesar E Chavez Ave is 6,156 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1611 E Cesar E Chavez Ave is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90033›1611 E Cesar E Chavez Ave

This home is located at 1611 E Cesar E Chavez Ave in Los Angeles, CA and zip code 90033 in the Boyle Heights neighborhood. This 6,156 square foot home, which was built in 1922, sits on a 0.17 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 09, 2024 and is currently priced at $1,699,500.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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