Property Listing No Longer Available for Sale

2228 E. Cesar E Chavez Ave.

Los Angeles, CA

Retail for Sale - $2,895,000 - 16,152 Sq. Ft. on 7775 acres


Property Info

CIMLS#911444
Location
  2228 E. Cesar E Chavez Ave.
  Los Angeles CA 90033
UpdatedSeptember 16th, 2016
TypeRetail
Price$2,895,000
Building16,152 Sq. Ft.
Land7775 acres

Property Description

Subject property is approximately a 16,152 SF retail building located on Cesar Chavez Ave., formerly known as Brooklyn Ave. The subject site consists of 2 floors and a basement. The building was completely remodeled and updated in 2002.

The first floor is approximately 6,431 SF occupied by a Clothing Store, and a Dispensary / Vapor Shop. The Clothing store; LGVS, has been at this location for over 6 years & has just signed a 1 year lease (the tenant wants a longer lease term, but seller will leave that to the new buyer). The Dispensary / Medical Marijuana Store has 4 other locations & their lease includes a buy-out clause, allowing the seller to deliver the unit vacant at the close of escrow. The second floor is approximately 6,699 SF occupied by an Art Studio and has 15' high ceilings, which may also be delivered vacant at the close of escrow. The basement is approximately 3,374 SF and is currently vacant.

This offering will attract an investor or owner/user, who is looking for a retail property with a good cash flow, on a busy street with excellent foot & car traffic counts, and located in a densely populated area.

Location Description:

The area is better known as"Boyle Heights". Cesar Chavez Ave. is considered a major commercial thoroughfare in the Boyle Heights area which has excellent foot and car traffic counts.The property is conveniently located by the 5, 10,and 101 freeways. It is only 1 block West of the major signalized corner of Cesar Chavez and Soto St.

It is located just South of the LA County Hospital & USC Medical Center, and just East of Downtown LA Arts District. The area has excellent demographics; over 57,000 people reside within a 1 mile radius and over 300,000 people residing within a 3 mile radius.

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