Apartment Building with Commercial
For Sale
$3,500,000
2107 Cesar E Chavez Ave, Los Angeles, CA 90033
Residential Income, Los Angeles, CA
Property Size12,352 SF
Lot Size0.17 Acres
Price / SF$283.35
Days on Market70
Property Features for 2107 Cesar E Chavez Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAC2
Bedrooms
30
Bathrooms
30
Full bathrooms
5
Rooms
Bedroom 7, Bathroom 8, Bedroom 29, Bathroom 20, Bedroom 4, Bedroom 6, Bathroom 15, Bedroom 14, Bedroom 1, Bathroom 17, Bedroom 5, Bedroom 2, Bedroom 20, Bathroom 7, Bathroom 4, Bathroom 5, Bathroom 9, Bathroom 11, Bathroom 24, Bathroom 26, Bedroom 27, Bathroom 1, Bedroom 24, Bathroom 21, Bathroom 23, Bathroom 30, Bedroom 10, Bedroom 17, Bathroom 18, Bathroom 16, Bedroom 8, Bedroom 18, Bathroom 14, Bedroom 11, Bedroom 15, Bedroom 21, Bathroom 10, Bedroom 23, Bedroom 25, Bedroom 28, Bathroom 6, Bedroom 9, Bedroom 26, Bathroom 13, Bathroom 19, Bathroom 12, Bedroom 30, Bedroom 13, Bathroom 3, Bathroom 27, Bedroom 16, Bathroom 28, Bathroom 25, Bathroom 2, Bedroom 3, Bedroom 22, Bathroom 22, Bathroom 29, Bedroom 12, Bedroom 19
Interior features
High Ceilings (9 Feet+)
Appliances
Cooktop - Electric
Lot features
Fenced
View
City
Directions
10 freeway, exit Cesar Chavez Ave, go SE to property. Between St Louis and Chicago St.
Subdivision
Boyle Heights
Standard status
Active
APN
5175-014-003
Size
12,352 SF
Lot size
0.17 Acres
Utilities
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s)
Building Details
Year built
1927
Floors in Building
2
Number of units
30
Flooring type
Hardwood
Roof type
Flat
Listing Agency:
The Collective Realty
(310) 569-1335
Listed By:
Will Tiao · License #01918965
(323) 363-1096
Added: Jul 6
Changed: Sep 13
Last Checked: Sep 13 at 2:06PM
MLS# 26855479
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1927, this 12,352-square-foot apartment property occupies 0.1722 acres in Los Angeles. The residential configuration includes 27 studio units, one one-bedroom unit, and one two-bedroom unit, along with three commercial spaces fronting Cesar E Chavez Avenue. Select apartments are furnished, while interior features include hardwood flooring and ceilings exceeding 9 feet in height.
The property is located near Mariachi Plaza and the Arts District, with access to the Metro E Line and nearby public transit. Commercial areas are positioned along the avenue, providing a distinct retail component within the residential asset. Additional building features include a flat roof, electric cooktops, natural-gas heating, and wall/window cooling units. The reported GRM is 7.7, and the cap rate is 8.1%.
The property is located near Mariachi Plaza and the Arts District, with access to the Metro E Line and nearby public transit. Commercial areas are positioned along the avenue, providing a distinct retail component within the residential asset. Additional building features include a flat roof, electric cooktops, natural-gas heating, and wall/window cooling units. The reported GRM is 7.7, and the cap rate is 8.1%.
Key Highlights
- 12,352‑square‑foot apartment property on a 0.1722‑acre lot
- Residential mix includes 27 studios, one 1‑bedroom, and one 2‑bedroom unit
- Three street‑facing commercial spaces along Cesar E Chavez Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$286,655
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,733,100
$5.7M
Cap Rate 7%
$4,095,071
$4.1M
Cap Rate 9%
$3,185,056
$3.2M
Market Conditions
NOI Build-Up for 12,352 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$456.5K $36.96/SF
− Vacancy
−$47.0K −$3.81/SF
EGI
$409.5K $33.15/SF
− OpEx
−$122.9K −$9.95/SF
NOI
$286.7K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,733,100
Cap Rate 7%
$4,095,071
Cap Rate 9%
$3,185,056
Alternative Uses
Best Use
Apartment 5plus
$218.38M
$191.08M – $254.77M
NOI $15,286,268 @ 7.0% cap · market cap 436.75%
Second Best
Retail
$4.10M
$3.58M – $4.78M
NOI $286,655 @ 7.0% cap · market cap 8.19%
Theoretical Best
Multifamily LT 5
$250.24M
$218.96M – $291.95M
NOI $17,517,087 @ 7.0% cap · market cap 500.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
29
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - LAC2-zoned property pairs apartment accommodations with street-facing storefronts and furnished residential units.
Where is this apartment building located?
The property is located at 2107 Cesar E Chavez Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 12,352‑square‑foot apartment property on a 0.1722‑acre lot; Residential mix includes 27 studios, one 1‑bedroom, and one 2‑bedroom unit; Three street‑facing commercial spaces along Cesar E Chavez Avenue
