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4227 E Cesar E Chavez Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 2 bath

4227 E Cesar E Chavez Avenue, Los Angeles, California 90063 home-pic-0
ACTIVE$730,000
4227 E Cesar E Chavez Avenue, Los Angeles, California 90063
2Beds
2Baths
1,510Sqft
5,591Lot
Year Built
1895
Close
-
List price
$730K
Original List price
$730K
Price/Sqft
$483
HOA
-
Days on market
-
Sold On
-
MLS number
WS25149023
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $730.0K(48th), sqft - 1510(28th), beds - 2(72th), baths - 2(76th).

An incredible opportunity to own a spacious Duplex at 1510 sqf with flat lot and surrounded by all commercial neighbors. This unique property features two separate living units, all currently tenant-occupied, offering excellent rental income potential. Property Features: Front unit 4227: 1 bedroom, 1 bathroom, Back Unit 4229: 1 bedroom, 1 bathroom, garage can be converted to an ADU up to 1200 sq. ft. The property is in a commercial zone. The zoning code is LCC3, the property is also listed as an "excellent investment" and a "legal duplex used as SFR" (single-family residence). Two Brand new electrical panel and wires was installed in 2023. Two separated water meters. Drive by only. Do not disturb tenants. Seize this rare opportunity today!

Price History

Date
Event
Price
12/30/10
Sold
$190,000
Condition Rating
Poor
The property, built in 1895, is extremely old. While the electrical panel and wiring were updated in 2023, this is the only significant renovation mentioned. The 'drive by only, do not disturb tenants' instruction, coupled with the lack of interior images, strongly suggests that the interior, including kitchens and bathrooms, is severely outdated, worn, and likely requires substantial repairs and rehabilitation. The exterior images show a dated stucco finish and an aged roof. The presence of window AC units indicates a lack of central cooling/heating. Given the age and limited updates, major components like plumbing, roof, and interior finishes are likely in poor condition, necessitating significant investment beyond the recent electrical work.
Pros & Cons

Pros

Strong Income & Investment Potential: This legal duplex is tenant-occupied, classified as 'Residential Income,' and explicitly listed as an 'excellent investment,' offering immediate cash flow and long-term value.
Commercial Zoning & Development Flexibility: Located in an LCC3 commercial zone and surrounded by commercial neighbors, the property offers significant flexibility for future use, redevelopment, or value appreciation beyond its current residential income status.
Significant ADU Conversion Opportunity: The existing garage can be converted into a substantial ADU of up to 1200 sq. ft., providing a clear path to significantly increase living space, rental income, and overall property value.
Recent Major Electrical Upgrades: Brand new electrical panels and wiring were installed in 2023, addressing a critical and often costly component of older homes and reducing immediate maintenance concerns.
Separate Utility Metering: The property benefits from two separate water meters, simplifying tenant billing and management, which is a key advantage for income-generating properties.

Cons

Historic Age & Potential Maintenance: Built in 1895, the property's age suggests potential for extensive deferred maintenance, outdated plumbing, and structural concerns beyond the recently upgraded electrical system.
Restricted Property Access: The 'Drive by only. Do not disturb tenants' instruction severely limits potential buyers' ability to conduct thorough interior inspections, which can hinder sales and create uncertainty.
Commercial Surroundings Impact on Residential Appeal: While the commercial zoning offers flexibility, being 'surrounded by all commercial neighbors' may detract from the residential living experience due to potential noise, traffic, and a less traditional neighborhood feel.

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