Mixed-Use Property With Two
For Sale
$1,199,000
1203 E Cesar E Chavez, Los Angeles, CA 90033
Two separate entrances and on-site parking support flexible commercial, creative, or residential use.
Property Size1,619 SF
Lot Size0.17 Acres
Price / SF$740.58
Days on Market73
Property Features for 1203 E Cesar E Chavez
General Information
Standard status
Active
Size
1,619 SF
Lot size
0.17 Acres
Property subtype
Mixed Use
Building Details
Building Size
1,619 SF
Year Built
1923
Listing Agency:
Las Casas Realty, Inc.
Listed By:
Eddy Chavarria · License #01040221
(323) 309-7698
Source:
Archetyperealty
Added: Jul 17
Changed: Sep 27
Last Checked: Sep 26 at 3:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Las Casas Realty, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,619-square-foot building on a 7,475-square-foot lot, with two separate entrances that support flexible occupancy and layout options. The property dates to 1923 and includes on-site parking. The remarks also identify potential for multi-unit development, subject to applicable approvals.
Located at 1203 E Cesar E Chavez in Los Angeles, the property fronts a high-traffic corridor connecting East Los Angeles with Downtown Los Angeles. The setting includes views of the Downtown Los Angeles skyline and the Sixth Street Bridge, with restaurants, retail, and cultural destinations in the surrounding community.
Located at 1203 E Cesar E Chavez in Los Angeles, the property fronts a high-traffic corridor connecting East Los Angeles with Downtown Los Angeles. The setting includes views of the Downtown Los Angeles skyline and the Sixth Street Bridge, with restaurants, retail, and cultural destinations in the surrounding community.
Key Highlights
- 1,619‑square‑foot building on a 7,475‑square‑foot lot
- Two separate entrances support flexible occupancy and layout options
- On‑site parking included
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
$38,429
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
3.21%
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%
$768,580
$768.6K
Cap Rate 7%
$548,986
$549.0K
Cap Rate 9%
$426,989
$427.0K
Market Conditions
NOI Build-Up for 1,619 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
$62.9K $38.88/SF
− Vacancy
−$11.7K −$7.23/SF
EGI
$51.2K $31.65/SF
− OpEx
−$12.8K −$7.91/SF
NOI
$38.4K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
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%
$768,580
Cap Rate 7%
$548,986
Cap Rate 9%
$426,989
Alternative Uses
Best Use
Office B
$549.0K
$480.4K – $640.5K
NOI $38,429 @ 7.0% cap · market cap 3.21%
Second Best
Mixed Use
$468.4K
$409.8K – $546.4K
NOI $32,785 @ 7.0% cap · market cap 2.73%
Theoretical Best
Multifamily LT 5
$32.80M
$28.70M – $38.27M
NOI $2,295,998 @ 7.0% cap · market cap 191.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,988
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate entrances and on-site parking support flexible commercial, creative, or residential use.
Where is this mixed-use property located?
The property is located at 1203 E Cesar E Chavez Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 1,619‑square‑foot building on a 7,475‑square‑foot lot; Two separate entrances support flexible occupancy and layout options; On‑site parking included
