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3949 E Cesar E Chavez Avenue, Los Angeles, CA 90063

Commercial property

3949 E Cesar E Chavez Avenue, Los Angeles, CA 90063 Sold May 2024 CRMLS
$1,475,000Sold May 2024

Listing Agent: Mark Cianciulli (DRE #01990266) · Listing Office: The CREM Group · Contact: 323-347-1009 · Bought with: Subscriber Non · Non-Participant Office · MLS #23292377 · Source: CRMLS

8,824
Building Sq Ft
10
Units
17,664 sqft
Lot Size
1926
Year Built
LCC3*
Zoning
Commercial property
Type

About this commercial property

We are pleased to exclusively market for sale two adjacent properties at 3937 & 3949 East Cesar E. Chavez Avenue, situated in the heart of East Los Angeles (can be sold individually or together). 3937 East Cesar E. Chavez Avenue consists of a 4,900 square foot, masonry block construction retail/warehouse building situated on 12,077 square feet of land. The building benefits from 16' clear height in the showroom area, one grade-level freight door and two walk-in doors. The current tenant occupies the property on a month-to-month basis. 3949 East Cesar E. Chavez Avenue consists of a two-story, 8-unit apartment building, a large, detached 3-bedroom/2-bathroom single family home, and a retail/warehouse building, combined totaling approximately 8,824 square feet of gross building area situated on 17,664 square feet of land. The neighborhood surrounding 3937 & 3949 East Cesar E. Chavez Avenue offers a vibrant and diverse community, with a mix of residential, commercial, and cultural establishments. The area is known for its rich history and cultural heritage, attracting residents and visitors alike. It is a hub of activity and growth, with ongoing revitalization efforts contributing to its upward trajectory. The properties are centrally located and easily reachable via the 10, 710, and 60 freeways. The area is densely populated, with nearly 300,000 people within a 3-mile radius and high traffic counts exceeding 22,000 vehicles per day. Mixed-Use Portfolio with Tremendous Rental Upside, situated on 0.68 Acres of Land. Properties can be purchased together or individually.

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$1,475,000
Sold May 2024 · listed $2,400,000, orig. $1,950,000, on market July 2023 · MLS #23292377 · Source: CRMLS
Listing Agent: Mark Cianciulli · Listing Office: The CREM Group · Contact: 323-347-1009 · Bought with: Subscriber Non · Non-Participant Office
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