Mixed-Use Building with
1611-1615 E Cesar Chavez, Los Angeles, CA 90033
For Sale
Contact for pricing
Two storefronts and multiple residential units offer diversified leasing, including a long-term art studio tenancy.
Property Size6,156 SF
Price / SF$194.93
Days on Market153
Property Features for 1611-1615 E Cesar Chavez
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Building Details
Year Built
Units
Tenancy
Listing Agency:
Rose&Co Group
Listed By:
Arie Rose · License CA #02206762
Source:
Crexi
Added: Jun 11
Changed: Nov 1
Last Checked: Nov 8 at 8:14AM
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 Rose&Co Group
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Investment Insights
Based on property information with market context.
This property features two commercial storefront spaces alongside multiple residential units. One storefront is occupied by a long-term art studio tenant paying $2,750 per month, with built-in annual $250 rent increases. The second storefront is currently vacant and was previously marketed at $2,500 per month.
Residential improvements include a standalone house, four upstairs 1-bedroom/1-bath units, and an additional renovated unit above the garage. Select residential units have updated finishes and granite countertops, while two vacant upstairs units are available to support additional leasing.
Located at 1611-1615 E. Cesar Chavez in Los Angeles, the mix of income-producing storefront frontage and residential unit count can appeal to buyers seeking a property that supports multiple leasing streams within one combined asset. For tenants and operators, the configuration offers dedicated commercial space for retail or studio-style use paired with apartment-style housing on-site.
Residential improvements include a standalone house, four upstairs 1-bedroom/1-bath units, and an additional renovated unit above the garage. Select residential units have updated finishes and granite countertops, while two vacant upstairs units are available to support additional leasing.
Located at 1611-1615 E. Cesar Chavez in Los Angeles, the mix of income-producing storefront frontage and residential unit count can appeal to buyers seeking a property that supports multiple leasing streams within one combined asset. For tenants and operators, the configuration offers dedicated commercial space for retail or studio-style use paired with apartment-style housing on-site.
Key Highlights
- Two commercial storefronts plus multiple residential units for diversified leasing income.
- Long‑term art studio tenant in one storefront paying $2,750/month with built‑in $250 annual rent increases.
- Second storefront is currently vacant; previously marketed at $2,500/month for potential additional rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,055
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,981,100
$2.0M
Cap Rate 7%
$1,415,071
$1.4M
Cap Rate 9%
$1,100,611
$1.1M
Market Conditions
NOI Build-Up for 6,156 SF
Gross rent
$195.8K $31.80/SF
− Vacancy
−$15.7K −$2.54/SF
EGI
$180.1K $29.26/SF
− OpEx
−$81.0K −$13.17/SF
NOI
$99.1K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,981,100
Cap Rate 7%
$1,415,071
Cap Rate 9%
$1,100,611
Alternative Uses
Best Use
Retail
$2.04M
$1.79M – $2.38M
NOI $142,863 @ 7.0% cap · market cap 11.91%
Second Best
Mixed Use
$1.78M
$1.56M – $2.08M
NOI $124,659 @ 7.0% cap · market cap 10.39%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,914 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
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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
$669,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two storefronts and multiple residential units offer diversified leasing, including a long-term art studio tenancy.
Where is this mixed-use property located?
The property is located at 1611-1615 E Cesar Chavez Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two commercial storefronts plus multiple residential units for diversified leasing income.; Long‑term art studio tenant in one storefront paying $2,750/month with built‑in $250 annual rent increases.; Second storefront is currently vacant; previously marketed at $2,500/month for potential additional rental income.
