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

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

The subject property is located at 2228 E Cesar E Chavez Avenue, situated on the south side of the street between North Breed Street and North Chicago Street in the City of Los Angeles, Los Angeles County, California, in the Boyle Heights Neighborhood. The building is a prewar (circa 1927) two-story structure with a cellar and subcellar, serving mixed uses. The ground floor features a 6,431 square foot retail space, which, along with a 6,431 square foot finished cellar, totals 12,862 square feet, which is fully occupied by the same tenant ZMS Academy. The second floor, which spans 6,347 square feet, is subdivided into six professional spaces ranging from 450 to 1,250 square feet. The assessor’s total building size is 12,510 square feet, and a Gross Leasable Area (GLA) of 17,396 +/- square feet. The property sits on a 7,775 square foot lot zoned LAC2.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $346,200 $19.90
Other Income - -
Vacancy Loss $10,386 $0.60
Effective Gross Income $335,814 $19.30
Taxes - -
Operating Expenses - -
Total Expenses $89,307 $5.13
Net Operating Income $246,507 $14.17

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,396 SF
Building Class
C
Year Built
1927
Price
$4,200,000
Price Per SF
$241
Cap Rate
5.87%
NOI
$246,540
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.90
Lot Size
0.21 AC
Zoning
C2, Los Angeles - LAC2
Frontage
64 FT on E Cesar E Chavez Ave

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
  • 2nd Floor
  • 1,500-6,255 SF
  • Office
  • -
  • 30 Days

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
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (74)

NEARBY MAJOR RETAILERS

King Taco Restaurant Inc
Bank of America
Chase Bank
Food 4 Less
U.S. Bank
Northgate Gonzalez Market
Smart & Final
Starbucks
First City Credit Union
Yoshinoya

PROPERTY TAXES

  • Listing ID: 34644792

  • Date on Market: 1/29/2025

  • Last Updated:

  • Address: 2228-2232 E Cesar E Chavez Ave, Los Angeles, CA 90033