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2107 E Cesar E Chavez Avenue, Los Angeles, CA 90033

Property

For sale now

2107 E Cesar E Chavez Avenue is on the market at $3,500,000 (30 bd · 30 ba · 12,352 sqft). See the current listing →

2107 E Cesar E Chavez Avenue, Los Angeles, CA 90033 Sold September 2017 CRMLS
$3,750,000Sold September 2017

Listing Agent: Logan Altman (DRE #01965826) · Listing Office: Altman Apartments LLC · Contact: 310-903-0222 · Bought with: Will Tiao · Tiao Properties, Inc. · MLS #SR17127823 · Source: CRMLS

7,500 sqft
Lot Size
1927
Year Built
Property
Type
2
Stories
0
Garage

How this sale compares

2107 E Cesar E Chavez Avenue sold for $3,750,000 in September 2017, 5.1% under its $3,950,000 list price, after 43 days on the market. Across 60 closed sales in 90033 over the last 12 months, the median sold price is $723,000 and the median is $404 per square foot.

$404
90033 median per sq ft (12 mo)
$723,000
90033 median sold price (12 mo)
60
Closed sales in 90033 (12 mo)
43
Days on market
−5.1%
Sold vs. list price
QuarterClosed sales in 90033Median sold price
Q1 20264$1,037,500
Q2 202627$750,000
Q3 202629$675,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90033

About this property

This property was originally built as The Vinograd Hotel ( Grapes in Russian) in 1927 and includes 27 apartment units and three retail spaces. The property underwent a renovation in 2016 which included the fully permitted addition of kitchens to all 25 studio units. The unit mix also includes one 2 bd / 1 ba apartment and one 1 bd / 1 ba apartment for a total of 27 residential units and three retails units (yogurt shop, cell phone shop and apparel kiosk). 21 out of the 27 residential units have been renovated within the last two years. All residential utilities are master metered and 20 of the units are currently rented fully furnished. The property is being offered at an attractive 5.32% cap rate and 10.46 gross rent multiplier with the potential to achieve an additional 14.5% upside in rents with annual 5% rent controlled increases for residential tenants and renegotiation of under market retail lease. Buyer must do their own due diligence and independently verify all information. Do not walk property or talk to tenants or onsite manager, property tour with accepted offer only. The property’s location is in the heart of Boyle Heights on Cesar Chavez Avenue between St Louis St & Chicago St, a vibrant pedestrian oriented neighborhood with great access to public transportation, shops, and restaurants adjacent to DTLA’s burgeoning Art’s District. Cesar Chavez Avenue is an extension of Sunset Blvd east of Figueroa Street and was originally named “Brooklyn Avenue.”

Listing description from the September 2017 sale, as reported to CRMLS.

Sale history

$3,750,000
Sold September 2017 · listed $3,950,000, on market June 2017, 43 days on market · MLS #SR17127823 · Source: CRMLS
Listing Agent: Logan Altman · Listing Office: Altman Apartments LLC · Contact: 310-903-0222 · Bought with: Will Tiao · Tiao Properties, Inc.

Recent sales near 2107 E Cesar E Chavez Avenue

MLS-reported closed sales in 90033, nearest first (last 12 months). All recent sales in Los Angeles →

Questions about 2107 E Cesar E Chavez Avenue

When did 2107 E Cesar E Chavez Avenue last sell?

2107 E Cesar E Chavez Avenue last sold in September 2017 for $3,750,000, according to CRMLS-reported closed sales.

What did 2107 E Cesar E Chavez Avenue sell for?

$3,750,000, 5.1% below the $3,950,000 list price, after 43 days on the market.

How does that compare to other Los Angeles sales?

60 homes closed in ZIP 90033 over the last 12 months at a median of $723,000 ($404 per square foot).

Is 2107 E Cesar E Chavez Avenue for sale now?

Yes — 2107 E Cesar E Chavez Avenue is currently on the market at $3,500,000. Open the current listing on Nalren for photos, details and the listing agent.

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