2228 Cesar E Chavez, Los Angeles, CA 90033
sale
$2,999,999
|
Other
Courtesy Of Century 21 Allstars
Prime investment opportunity in the heart of Boyle Heights! This well-maintained 12,510 sq. ft. two-story commercial building, situated on a 7,775 sq. ft. lot, offers an exceptional opportunity for both investors and owner-users seeking strong cash flow in one of Los Angeles' most established commercial corridors. Currently nearly fully occupied, with only one vacant unit, this property provides immediate income while still offering upside through the available space and future rental adjustments. Several tenants are on month-to-month leases, providing flexibility for a new owner to reposition the asset or increase rents over time. The front retail space is currently occupied by an academy with a longer lease, adding to the property's diverse tenant mix. A unique feature of this property is its approximately 4,000 sq. ft. basement, which is currently being utilized by a business. This additional space offers tremendous flexibility for storage, operations, workspace, or future business expansion, making it a valuable asset rarely found in commercial properties in the area. With an estimated 10% cap rate, this is a rare opportunity in today's commercial market. The building is in turnkey condition, featuring high ceilings, excellent natural light, and a functional layout suitable for a variety of commercial uses. Located on the highly trafficked Cesar E. Chavez Avenue, the property enjoys outstanding visibility, strong daily traffic counts, and easy access to Downtown Los Angeles. Select areas of the property even offer views of the Downtown LA skyline. An additional highlight is the private rear patio, which presents an excellent opportunity to create an outdoor break area, lunch space, barbecue patio, or employee gathering area, adding value and appeal for tenants or an owner-user. Street parking and nearby public parking options provide convenient access for customers and employees. Whether you're looking to expand your investment portfolio, occupy part of the building while collecting rental income, or capitalize on the continued growth of Boyle Heights, 2228 E. Cesar E. Chavez Avenue offers strong in-place cash flow, excellent tenant occupancy, and tremendous long-term upside in one of Los Angeles' most vibrant commercial corridors.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Electric
- MLSID: DW26174719
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