3700 E Cesar E Chavez Ave 7,017 SF Retail Building Los Angeles, CA 90063 $1,595,000 ($227.31/SF)

Saxum West is pleased to exclusively offer 3700 E. Cesar E. Chavez Avenue for sale at $1,595,000 — a newly renovated, ±7,000 SF single-tenant retail building situated at the hard, signalized corner of Cesar Chavez Avenue and Eastman Avenue in the heart of East Los Angeles. The property includes ±5,000 SF of ground-floor retail (12-foot ceilings in the main retail area) and ±2,000 SF of usable mezzanine connected by interior staircase, plus a gated rear parking lot. The building has been brought to vanilla-shell condition with new 200-amp electrical service (120/240V, single phase, 3-wire), all-new recessed LED lighting throughout, two restrooms, fresh paint, and a current Certificate of Occupancy from the City of Los Angeles. Fire Life Safety inspection has been completed and passed.
Located on one of East LA's primary commercial spines, the property is positioned one block from Superior Grocers (3600 E Cesar Chavez Ave) and CVS Pharmacy (3627 E Cesar Chavez Ave) — two of the highest-traffic anchor tenants in the trade area. Surrounding co-tenancy includes Brooklyn Hardware, multiple medical and dental clinics, restaurants, and dense neighborhood retail. The property serves an established residential population with strong daytime and evening foot traffic on a corridor that benefits from continued investment.
The property is concurrently listed for lease at $1.65/SF Modified Gross. At the asking lease rate, the building generates approximately $138,600 in gross scheduled income and supports an approximately 6.2% cap rate at the $1,595,000 sale price — attractive for passive investors seeking newly renovated retail income in a high-barrier-to-entry submarket. The hard corner location, turnkey condition, and SBA-eligible profile also position the property as an exceptional owner-user opportunity.
In addition to its as-is retail value, the property includes Ready-to-Issue (RTI) permits for a five-unit attached townhome development (4,777 SF) at the rear of the lot, with the front ±3,865 SF of the existing retail building retained for continued commercial use. The entitled program includes four 3BR/3BA townhomes (±928 SF each) plus one ADA-compliant unit (±1,065 SF) under the Cesar Chavez Avenue Transect Plan (Flex Block, 30 du/acre, 40-ft height), with no parking required under AB 2097. The architectural plans are available upon request and provide optionality for a future redevelopment strategy without committing the next owner to it.