Multiple Listing Service Los Angeles Real Estate

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2107 EAST CESAR E CHAVEZ AVENUE, Los Angeles, CA. 90033

Listing Price: $3,950,000 Sold Price: $3,750,000
Beds: N/A | Baths: N/A

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Details

MLS#: SR17127823CN

APN#: 5175-014-003

Status: Sold

Lot Size: 7500

Sq Ft: 12352

Beds: N/A

Baths: N/A

Style: N/A

Year Built: 1927

Subdivision:

Roof: N/A

Spa: N/A

Tennis: N/A

Laundry: None

Heat: N/A

Air: N/A

Listing Broker Offer of Compensation: Listing Broker Offer of Compensation
Listing Broker Offer of Compensation is made only to participants of the MLS where the listing is filed

Property Type: Income

Sale Type: Standard

Land Type: N/A

Lease Amount: N/A

Lease Exp: N/A

HOD: $0.00(N/A)

Area: Boyle Heights

City: Los Angeles

Zip code: 90033

Map: N/A

View: N/A

Waterfront: N/A

Sewer: N/A

Parking # N/A

Security: N/A

Amenities: N/A

Pool: None

Floor: N/A

Rooms: N/A

Fireplace: N/A

Parking: N/A
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Remarks Community Report

This property was originally built as The Vinograd Hotel ( Grapes in Russian) in 1927 and includes 27 apartment units and three retail spaces. The property underwent a renovation in 2016 which included the fully permitted addition of kitchens to all 25 studio units. The unit mix also includes one 2 bd / 1 ba apartment and one 1 bd / 1 ba apartment for a total of 27 residential units and three retails units (yogurt shop, cell phone shop and apparel kiosk). 21 out of the 27 residential units have been renovated within the last two years. All residential utilities are master metered and 20 of the units are currently rented fully furnished. The property is being offered at an attractive 5.32% cap rate and 10.46 gross rent multiplier with the potential to achieve an additional 14.5% upside in rents with annual 5% rent controlled increases for residential tenants and renegotiation of under market retail lease. Buyer must do their own due diligence and independently verify all information. Do not walk property or talk to tenants or onsite manager, property tour with accepted offer only. The property?s location is in the heart of Boyle Heights on Cesar Chavez Avenue between St Louis St & Chicago St, a vibrant pedestrian oriented neighborhood with great access to

Seller's Agents

- Name: Altman, Logan | Email
- Phone: N/A
- Cell: 310-903-0222
- CalDRE #: 01965826
- Office: Altman Apartments LLC
- Office Phone: 310-903-0222
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- CalDRE #: N/A
- Office Name: N/A
- Office Phone: N/A

Buyer's Agents

- Name: Tiao, Will | Email
- Phone: 323-363-1096
- Cell: 323-363-1096
- Lic #: 01918965
- FaceBook YouTube Twitter
- Office: Tiao Properties, Inc.
- Office Phone: 323-363-1096
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- Lic #: N/A
- Office Name: N/A
- Office Phone: N/A

Last Updated: 10/5/2017 11:28:00 AM

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