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    Property profile & analytics

    1947 Cesar E Chavez Ave Los Angeles, CA 90033

    • Retail space
    • 3,652 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7058746
    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

    • Retail space

    Property Details for 1947 Cesar E Chavez Ave

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.36 lot acres
    Property size
    3,652 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5175-033-028
    APU
    5175033028

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $227,000
      Market price range: $157k - $436k

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.213
    Latitude
    34.0497
    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
    $7,347
    $217,127
    $295,134
    $512,261
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      2,232 SF

      2747 Cesar E Chavez Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,232 SF
      2747 Cesar E Chavez Ave, Los Angeles, CA 90033-3105
      View Details
    • Value Estimation
      $290,000
      6,000 SF

      2212 Cesar E Chavez Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      2212 Cesar E Chavez Ave, Los Angeles, CA 90033-1825
      View Details
    • Value Estimation
      $285,000
      5,218 SF

      1826 Marengo St

      RETAIL STORES (PERSONAL SERVICES) • 5,218 SF
      1826 Marengo St, Los Angeles, CA 90033-1316
      View Details
    • Value Estimation
      $515,000
      4,297 SF

      808 State St

      RETAIL STORES (PERSONAL SERVICES) • 4,297 SF
      808 State St, Los Angeles, CA 90033-1781
      View Details
    • Value Estimation
      $230,000
      3,000 SF

      912 Soto St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      912 Soto St, Los Angeles, CA 90033-1923
      View Details
    • Value Estimation
      $280,000
      560 SF

      2719 Cesar E Chavez Ave

      RETAIL STORES (PERSONAL SERVICES) • 560 SF
      2719 Cesar E Chavez Ave, Los Angeles, CA 90033
      View Details

    Similar Nearby for Sale

    • $1,378,985
      6,156 SF

      Mixed-Use Income Property in Los Angeles

      8-unit mixed-use property with commercial and residential spaces.
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      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.
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      Boyle Heights Commercial Property For Sale

      3,850 SF commercial property on 9,338 SF lot.
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    • $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
    • $2,899,999

      Multi-Family Development Opportunity

      Land with RTI for 37 units near Downtown Los Angeles.
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      View Details
    • $1,580,000

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      Seven-unit property near USC and Exposition Park.
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      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing

      Grocery Store Opportunity in Boyle Heights

      Rehabbed retail space suitable for grocery store in Boyle Heights.
      2432 E 1St St E, 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
    • $0.35 SF/Yr
      38,495 SF

      Vacant Commercial Land

      Vacant Commercial Land
      2307 Charlotte St, 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
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    Los Angeles, CA 90033
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    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
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