2228-2232 E Cesar E Chavez Ave
17,396 SF 100% Leased Retail Building Los Angeles, CA 90033 $4,200,000 ($241/SF) 5.87% Cap Rate
![2228-2232 E Cesar E Chavez Ave, Los Angeles, CA for sale - Building Photo - Image 1 of 28](https://images1.loopnet.com/i2/HA8TjRmZp71vWT03s1OriGEltu7ygSb9KmMUR5OkARw/110/2228-2232-E-Cesar-E-Chavez-Ave-Los-Angeles-CA-Building-Photo-1-Large.jpg)
![2228-2232 E Cesar E Chavez Ave, Los Angeles, CA for sale - Building Photo - Image 2 of 28](https://images1.loopnet.com/i2/_Q2ZzW1XV99EuciXyj0FTQu2_DdWR97yxvCTAX9IAqg/110/2228-2232-E-Cesar-E-Chavez-Ave-Los-Angeles-CA-Building-Photo-2-Large.jpg)
![2228-2232 E Cesar E Chavez Ave, Los Angeles, CA for sale - Building Photo - Image 3 of 28](https://images1.loopnet.com/i2/xF1MdCfZl69K76fKvYmdxY6x85skQbU3PtpJggPswJo/110/2228-2232-E-Cesar-E-Chavez-Ave-Los-Angeles-CA-Building-Photo-3-Large.jpg)
![](https://images1.loopnet.com/i2/UyI_UKRqpmb6-ohTNVjKnPF3TTwOz9TpCR62f4evyL8/110/2228-2232-E-Cesar-E-Chavez-Ave-Los-Angeles-CA-Building-Photo-25-Large.jpg)
INVESTMENT HIGHLIGHTS
- Creative Commercial Building with Ground Floor Retail Located in the Heart of Boyle Heights
- Former Restaurant, Cocktail Lounge
- 5.87% Cap Rate with Upside in Rent
- Excellent Visibility on Cesear Chavez Ave with +/- 22,733 Cars per Day
- Convenient access to I-10, 101, I-5, and 710 Freeway
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$346,200
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$19.90
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Other Income |
-
![]() |
-
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Vacancy Loss |
$10,386
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$0.60
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Effective Gross Income |
$335,814
![]() |
$19.30
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Taxes |
-
![]() |
-
![]() |
Operating Expenses |
-
![]() |
-
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Total Expenses |
$89,307
![]() |
$5.13
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Net Operating Income |
$246,507
![]() |
$14.17
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PROPERTY FACTS
AMENITIES
- Bus Line
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Utopia
- Services
- -
- -
- -
- Zms The Academy
- Educational Services
- -
- -
- -
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
Utopia | Services | - | - | - | ||
Zms The Academy | Educational Services | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Big creative space in Boyle Heights with high ceilings and lots of potential. Two access points to upstairs; one from the street and one from the rear.
Space | Size | Space Use | Position | Available |
2nd Floor | 1,500-6,255 SF | Office | - | 30 Days |
2nd Floor
Size |
1,500-6,255 SF |
Space Use |
Office |
Position |
- |
Available |
30 Days |
NEARBY MAJOR RETAILERS
![King Taco Restaurant Inc King Taco Restaurant Inc](https://images1.loopnet.com/i2/gTO4C779I-8TS3TkvhfqTLt3IfaDf1aF7JNG2UOXOXo/105/image.png)
![Bank of America Bank of America](https://images1.loopnet.com/i2/KcPChwyhu4u40ZumnqoCfl2yBMVws3KQSoksOFbvmUs/105/image.png)
![Chase Bank Chase Bank](https://images1.loopnet.com/i2/bw7biemERZsLn6pwfbqBPxA99wBdOhsB0H3fRLW4AE8/105/image.png)
![Food 4 Less Food 4 Less](https://images1.loopnet.com/i2/VbDessLUbR5sI0qETA_1duc-FqiphXQjQ_W5aOKgdL4/105/image.png)
![U.S. Bank U.S. Bank](https://images1.loopnet.com/i2/rZttZINYn_GHjJVkNtyEXopTYiFoq89bwYlwRKVtM5w/105/image.png)
![Northgate Gonzalez Market Northgate Gonzalez Market](https://images1.loopnet.com/i2/2BL1n2pa9Xe_YqQNFESrA4_S3CLVr3D24q7zPsKVwcg/105/image.jpg)
![Smart & Final Smart & Final](https://images1.loopnet.com/i2/XWhDfQIKtQ08lzvxOvISiLafmuJDnA5cl4E2kxlFg_g/105/image.jpg)
![Starbucks Starbucks](https://images1.loopnet.com/i2/V11gp9X1QvF-sYuRU43vwjphTt976BD4p9n50Z1aR1w/105/image.png)
![First City Credit Union First City Credit Union](https://images1.loopnet.com/i2/kwqb9oP2fWFJnaCBTyFlY5GgzvD9fa9pA1v852QG9Uo/105/image.jpg)
![Yoshinoya Yoshinoya](https://images1.loopnet.com/i2/8DFVUKYS9kTmAQw4kk-TuAUi6fR0fPQeFxuNl0hItpU/105/image.jpg)
PROPERTY TAXES
Parcel Number | 5183-003-002 | Improvements Assessment | $1,695,150 |
Land Assessment | $1,093,645 | Total Assessment | $2,788,795 |