Mixed-Use Building with Commercial
For Sale
$3,500,000
2107 E Cesar E Chavez Avenue, Los Angeles, CA 90033
Selected residential units are furnished, alongside street-facing commercial suites with Cesar Chavez Avenue frontage.
Property Size12,352 SF
Price / SF$283.35
Days on Market71
Property Features for 2107 E Cesar E Chavez Avenue
General Information
Standard status
Active
Size
12,352 SF
Property subtype
Multi-family
Building Details
Year Built
1927
Listing Agency:
The Collective Realty
Listed By:
Will Tiao
(714) 497-3550
Source:
Sevengables
Added: Jun 21
Changed: Aug 30
Last Checked: Aug 30 at 2:44AM
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 The Collective Realty
Investment Insights
Based on property information with market context.
Built in 1927, this 12,352-square-foot mixed-use building combines residential accommodations with three street-facing commercial spaces along Cesar Chavez Avenue. The residential mix includes 27 studios, one 1-bedroom unit, and one 2-bedroom unit; select residences are furnished and feature a blend of classic character and updated finishes. The commercial component is positioned for retail or creative office use, with direct street exposure and access to an established residential customer base.
The property is located in Boyle Heights, east of Downtown Los Angeles, near Mariachi Plaza, the Arts District, and Guisados. Metro E Line service and nearby public transit provide connectivity to surrounding destinations. Reported operating metrics include a 7.7 GRM and an 8.1% cap rate.
The property is located in Boyle Heights, east of Downtown Los Angeles, near Mariachi Plaza, the Arts District, and Guisados. Metro E Line service and nearby public transit provide connectivity to surrounding destinations. Reported operating metrics include a 7.7 GRM and an 8.1% cap rate.
Key Highlights
- 12,352‑square‑foot mixed‑use building constructed in 1927
- Residential mix includes 27 studios, one 1 bedroom, and one 2 bedroom
- Three street‑facing commercial spaces along Cesar 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
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Selected residential units are furnished, alongside street-facing commercial suites with Cesar Chavez Avenue frontage.
Where is this mixed-use property located?
The property is located at 2107 E Cesar E Chavez Avenue 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 mixed‑use building constructed in 1927; Residential mix includes 27 studios, one 1 bedroom, and one 2 bedroom; Three street‑facing commercial spaces along Cesar Chavez Avenue
