Los Angeles, CA 90063,3949 E Cesar E Chavez AVE

$1,475,000

Est. payment /mo

$2,400,000

38.5%
Est.Price: ?

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3949 E Cesar E Chavez AVE Los Angeles, CA 90063

0.41 Acres Lot

SOLD DATE : 05/20/2024

Key Details

Sold Price $1,475,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23292377

Sold Date 05/20/24

HOA Y/N No

Year Built 1926

Lot Size 0.405 Acres

Property Description

We are pleased to exclusively market for sale two adjacent properties at 3937 & 3949 East Cesar E. Chavez Avenue, situated in the heart of East Los Angeles (can be sold individually or together). 3937 East Cesar E. Chavez Avenue consists of a 4,900 square foot, masonry block construction retail/warehouse building situated on 12,077 square feet of land. The building benefits from 16' clear height in the showroom area, one grade-level freight door and two walk-in doors. The current tenant occupies the property on a month-to-month basis. 3949 East Cesar E. Chavez Avenue consists of a two-story, 8-unit apartment building, a large, detached 3-bedroom/2-bathroom single family home, and a retail/warehouse building, combined totaling approximately 8,824 square feet of gross building area situated on 17,664 square feet of land. The neighborhood surrounding 3937 & 3949 East Cesar E. Chavez Avenue offers a vibrant and diverse community, with a mix of residential, commercial, and cultural establishments. The area is known for its rich history and cultural heritage, attracting residents and visitors alike. It is a hub of activity and growth, with ongoing revitalization efforts contributing to its upward trajectory. The properties are centrally located and easily reachable via the 10, 710, and 60 freeways. The area is densely populated, with nearly 300,000 people within a 3-mile radius and high traffic counts exceeding 22,000 vehicles per day. Mixed-Use Portfolio with Tremendous Rental Upside, situated on 0.68 Acres of Land. Properties can be purchased together or individually.

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCC3*

Interior

Fireplace No

Exterior

Total Parking Spaces 20

Building

Story 2

Others

Tax ID 5233006034

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Mark Cianciulli • The CREM Group
Bought with Subscriber Non • Non-Participant Office

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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