3935 E Cesar E Chavez, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
ACTIVE$699,999$1,645/sqft
3935 E Cesar E Chavez, Los Angeles, California 90063
0Bed
0Bath
1,645Sqft
3,272Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multiple Income Streams: The property is configured as a quadruplex with four distinct units (three residential, one commercial), providing diversified and strong rental income potential.
Top Cons:
Age of Property: Built in 1930, the property is nearly a century old, which may indicate potential for deferred maintenance, outdated systems, and higher repair or upgrade costs.
Compared to the nearby listings
Price:$700.0K vs avg $762.5K ($-62,501)33%
Size:1,645 sqft vs avg 1,893 sqft33%
Price/sqft:$426 vs avg $35367%
More Insights
Built in 1930 (96 years old).
Condition: The property, built in 1930, presents a mixed condition. While one upstairs unit has been recently updated with modern white shaker cabinets, granite countertops, a tile backsplash, updated bathroom vanity, tiled shower, and laminate flooring, other units shown in the images are significantly dated. These unrenovated areas feature old, peeling cabinets, basic appliances, older tile and carpet flooring, popcorn ceilings, and outdated light fixtures. The overall property is aged but appears maintained, with some updated systems (like a tankless water heater) but also older elements (like window AC units). It requires substantial updates in the unrenovated units to meet current quality standards, preventing a 'good' rating, but is not in 'poor' condition due to the recently renovated unit and income-generating status.
Year Built
1930
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$426
HOA
-
Days on market
-
Sold On
-
MLS number
GD25281761
Home ConditionFair
Features
View-
About this home
Fantastic Investment Opportunity – Mixed-Use Property with Multiple Income Streams - LCC3 Zoning Great opportunity for investors or an owner-operator. This mixed-use property is currently configured as four units and offers strong income potential with room to grow. Property Features: • Renovated Upstairs Unit: 3 bed / 1 bath, recently updated, renting for $3,000/month. • Established Hair Salon: Long-term commercial tenant providing steady rental income. • 1-Bedroom Unit: Owner-occupied and will be delivered vacant at closing. • Studio Apartment: Cozy studio offering additional rental options. Expansion Potential: Large lot with potential for additional units, ADU, or JADU (buyer to verify). A solid investment with multiple income sources and future upside. Don’t miss this opportunity! Buyer to verify all square footage, unit count, and permits.
D
David De Anda
Listing Agent
Price History
Date
Event
Price
10/23/18
Sold
$560,000
Condition Rating
Fair
The property, built in 1930, presents a mixed condition. While one upstairs unit has been recently updated with modern white shaker cabinets, granite countertops, a tile backsplash, updated bathroom vanity, tiled shower, and laminate flooring, other units shown in the images are significantly dated. These unrenovated areas feature old, peeling cabinets, basic appliances, older tile and carpet flooring, popcorn ceilings, and outdated light fixtures. The overall property is aged but appears maintained, with some updated systems (like a tankless water heater) but also older elements (like window AC units). It requires substantial updates in the unrenovated units to meet current quality standards, preventing a 'good' rating, but is not in 'poor' condition due to the recently renovated unit and income-generating status.
Pros & Cons
Pros
Multiple Income Streams: The property is configured as a quadruplex with four distinct units (three residential, one commercial), providing diversified and strong rental income potential.
Mixed-Use Zoning (LCC3): LCC3 zoning offers significant flexibility, allowing for both residential and commercial uses, which can enhance property value and future development options.
Expansion Potential: The large lot presents opportunities for adding additional units, an ADU, or a JADU, allowing for future value appreciation and increased rental income.
Renovated Unit & Established Commercial Tenant: One 3-bed/1-bath residential unit is recently updated and generates $3,000/month, complemented by a long-term hair salon tenant providing steady commercial income.
Vacant Unit for Flexibility: A 1-bedroom unit will be delivered vacant at closing, offering immediate flexibility for an owner-operator or the opportunity to secure a new tenant at market rates.
Cons
Age of Property: Built in 1930, the property is nearly a century old, which may indicate potential for deferred maintenance, outdated systems, and higher repair or upgrade costs.
Buyer Verification Required: The listing explicitly states that the buyer must verify all square footage, unit count, and permits, placing a significant burden of due diligence on the buyer and potentially indicating unconfirmed details.
Limited Unit Condition Details: While one unit is renovated, there is limited information regarding the current condition or recent updates of the studio apartment and the commercial space, which may require future investment.