Listed by Rose&Co Group
$1,350,000
1611-1615 E. Cesar Chavez
Details
APN 5174-010-033
Property Type Mixed Use
Sub Type Commercial/Office/Residential
Square Footage 6,156
Units 8
Cap Rate 7.08%
NOI $95,442
Occupancy 63%
Tenancy Multi
Pro-Forma Cap Rate 10.51%
Pro-Forma NOI $141,646
Price per SqFt $219
Year Built 1952
Zoning LAC2-1
Parking Spaces 8 spaces
Parking Per SqFt 1.30
Investment Type Value Add
Ground Lease No
Mixed Use | 7.08% CAP | 6,156 SqFt
Marketing description
Property consists of two commercial storefronts alongside multiple residential units, creating diversified income potential. One retail storefront is occupied by a long-term art studio tenant paying $2,750/month with built-in annual $250 rent increases. Second commercial storefront is currently vacant and was previously marketed at $2,500/month, offering immediate upside potential. Residential improvements include a standalone house, four upstairs 1 bed / 1 bath units, and an additional renovated unit above the garage. Select residential units feature updated finishes and granite countertops, while two vacant upstairs units provide additional lease-up and value-add opportunities.
Investment highlights
- Property consists of two commercial storefronts alongside multiple residential units, creating diversified income potential.
- One retail storefront is occupied by a long-term art studio tenant paying $2,750/month with built-in annual $250 rent increases.
- Second commercial storefront is currently vacant and was previously marketed at $2,500/month, offering immediate upside potential.
- Residential improvements include a standalone house, four upstairs 1 bed / 1 bath units, and an additional renovated unit above the garage.
- Select residential units feature updated finishes and granite countertops, while two vacant upstairs units provide additional lease-up and value-add opportunities.
Listing Contacts
Listed by Rose&Co Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$95,442.25
$7,953.52/mo
Valuation Metrics
0
DSCR
7.07%
Cap Rate
7.07%
ROI
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