3521 E Cesar E Chavez Ave, Los Angeles, CA 90063

Property Description

We are pleased to present a four (4) unit apartment building located at 3521 E Cesar E Chavez Avenue in Los Angeles, California. The subject property is situated in a good East Los Angeles location, north of 1st Street and east of S Indiana Street. Built in 1918, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units, one (1) three-bedroom / one-bathroom unit, and one (1) three-bedroom / one-bathroom house. The units sit on a large 7,386 sqft lot with unincorporated Los Angeles County zoning LCC3*, within the Cesar Chavez Transect Zone and in the East Los Angeles 3rd Street Specific Plan Area. There is potential to build out an extra unit to maximize on by-right density, and to build up to two (2) ADU unit(s). The property features fully parked on-site parking available to the tenants. Tenants will appreciate living in a lively community with dominant access to Downtown and all parts of LA City. Situated in a good East Los Angeles location, this offering presents an excellent opportunity for any investor capitalize on 30-year fixed residential financing to add multiple ADU unit(s) and capture incredible rental upside potential in a strong rental market in unincorporated Los Angeles County.