Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1611 Cesar E Chavez Ave Los Angeles, CA 90033-2411

    • Investment properties
    • 6,156 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2024
    Value Estimations
    $420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8693305
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Boyle Heights Medical Pharmacy / Pharmacy

    Property Details for 1611 Cesar E Chavez Ave

    Year built
    1922
    Construction
    TILT-UP CONCRETE
    Lot size
    0.17 lot acres
    Property size
    6,156 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5174-010-033
    APU
    5174010033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $483,000
      Market price range: $337k - $814k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.218
    Latitude
    34.0518
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,030
    $308,143
    $535,910
    $844,053
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      1,127 SF

      1405 Murchison St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,127 SF
      1405 Murchison St, Los Angeles, CA 90033-1524
      View Details
    • Value Estimation
      $390,000
      3,655 SF

      2313 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,655 SF
      2313 1st St, Los Angeles, CA 90033-4001
      View Details
    • Value Estimation
      $285,000
      3,332 SF

      409 Savannah St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,332 SF
      409 Savannah St, Los Angeles, CA 90033-4416
      View Details
    • Value Estimation
      $325,000
      5,930 SF

      701 Fickett St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,930 SF
      701 Fickett St, Los Angeles, CA 90033-2571
      View Details
    • Value Estimation
      $280,000
      3,250 SF

      2612 Cesar E Chavez Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,250 SF
      2612 Cesar E Chavez Ave, Los Angeles, CA 90033-3006
      View Details
    • Value Estimation
      $345,000
      7,488 SF

      2138 Cesar E Chavez Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,488 SF
      2138 Cesar E Chavez Ave, Los Angeles, CA 90033-1823
      View Details

    Similar Nearby for Sale

    • $2,575,000
      10,758 SF

      Mixed-Use Retail/Apartment Investment Opportunity

      Mixed-use retail and apartment investment property available for sale.
      2626-2628 Cesar E Chavez Ave, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      4,716 SF

      Downtown LA Creative Space

      4,716 SF Mixed-Use Building, Vacant
      1329 3Rd St, Los Angeles, CA 90033
      View Details
    • $1,125,000
      3,330 SF

      Prime Boyle Heights Apartment Building

      Four-unit building, high ROI potential.
      608 Breed St, Los Angeles, CA 90033
      View Details
    • $1,378,985
      6,156 SF

      Mixed-Use Income Property in Los Angeles

      8-unit mixed-use property with commercial and residential spaces.
      1611 Cesar Chavez, Los Angeles, CA 90033
      View Details
    • New
      $3,795,000
      12,352 SF

      Historic Mixed-Use Gem in Boyle Heights

      Reimagined 1920s mixed-use building with residential and commercial spaces.
      2107 Cesar E Chavez Ave, Los Angeles, CA 90033
      View Details
    • $1,050,000
      2,234 SF

      Boyle Heights Development Land

      Prime Boyle Heights location, redevelopment potential.
      206 Soto St, Los Angeles, CA 90033
      View Details

    Similar Nearby for Lease

    • $0.35 SF/Yr
      38,495 SF

      Vacant Commercial Land

      Vacant Commercial Land
      2307 Charlotte St, Los Angeles, CA 90033
      View Details
    • $42 SF/Yr
      14,000 SF

      USC Hyatt House Retail Space

      Prime LA Retail/Restaurant Opportunity
      2200 Trojan Way, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      6,700 SF

      Office Space on Cesar Chavez

      Office space available in high-traffic Los Angeles location.
      2109 Cesar E Chavez Ave E Chavez, Los Angeles, CA 90033
      View Details
    • $1.35 SF/Yr
      11,613 SF

      Industrial Space Near Arts District

      Sublease space suitable for studio, gallery, or warehousing.
      331-333 S Mission Rd, Los Angeles, CA 90033
      View Details
    • $21 SF/Yr
      7,593 SF

      Prime Retail Space, Los Angeles

      High-traffic location, two units available.
      2401 Cesar E Chavez Ave, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      6,000 SF

      East Cesar Chavez Ave Creative Office

      6,000 SF Creative Office Space Available
      2228 Cesar E Chavez Ave, Los Angeles, CA 90033
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1611 Cesar E Chavez Ave
    Los Angeles, CA 90033-2411
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.