2115-2125 E Cesar E Chavez Ave
Los Angeles, CA 90033
Retail Property For Sale

2115 East Cesar Chavez Avenue is comprised of an approximately 8,327 SF building on approximately 15,000 SF of land, zoned C2, located on the NWC of East Cesar Chavez Avenue and North Chicago Street. The hard corner location and ample parking at the rear of the building make it a very desirable asset along the commercial thoroughfare. The ground floor is comprised of retail spaces including a vacant bar, restaurant on a month-to-month lease, and the second floor (which only accounts for a small portion of the total building square footage) is comprised of 3 apartments. All the leases at the property are on a month-to-month basis (apartments subject to rent control). The properties unique attributes make it an attractive investment to a wide variety of buyers. With the month-to-month leases and 36% vacancy at the property, an investor will be able to re-position the asset and capitalize on the potential increase in rents from the gentrification happening near the area. The vacant bar and restaurant on a month-to-month lease allow for a restaurant/bar operator to purchase the property as an owner user, and still collect income by leasing out the rest of the building. Lastly, the property’s excellent corner location desirable zoning with TOC bonus development incentives, large land area, and open lot at the rear of the parcel make this a covered land play/development opportunity: a potential development in the future with the advantage of leasing the existing building to obtain income in the near term.