505 South Chicago Street Los Angeles, CA ^$ 1,125,000

505 South Chicago Street

^$ 1,125,000

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505 South Chicago Street

Los Angeles, CA, 90033

^$ 1,125,000

Studio Baths0.0 Sq 4,902

Monthly Estimate*

^$ 7,858

505 South Chicago Street, Los Angeles, CA 90033 - Image 1

505 South Chicago Street, Los Angeles, CA 90033 - Image 2

505 South Chicago Street, Los Angeles, CA 90033 - Image 3

505 South Chicago Street, Los Angeles, CA 90033 - Image 4

505 South Chicago Street, Los Angeles, CA 90033 - Image 5

505 South Chicago Street, Los Angeles, CA 90033 - Image 6

Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,125,000. This 4,902 square foot home was built in 1905 on a lot size of 0.17.

We are pleased to offer for sale this five (5) unit multifamily investment opportunity located at 505 S. Chicago Street, in Boyle Heights. This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1905 with a square footage of 4,902 on a 7,500-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 2+1.5 units, and two (2) 2+1 units. The subject property is 100% occupied and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, five (5) on-site parking spaces, and individually metered for gas and electricity.

Multi-Family Active

Price

^$ 1,125,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.17

Year Built

1905

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024375637

Features

General

Zoning LARD1.5

Year Built 1905

Levels Multi/Split

County Los Angeles

Net Operating Income 62760.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area BOYH - Boyle Heights

Lot Size Square Feet 7465.0

Street Name Chicago

Standard Status Active

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Refrigerator

Total Stories 2

Street Suffix Street

Total Baths 0

Exterior

Parking Features Gated

Lot Size Area 7465.0

Building Area Total 4902.0

Lot Size Acres 0.17

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Davis Saadian

Listing Agent

Carolwood Estates

Broker

Affordability Calculator

$7,858

Per Month

Monthly Principal & Interest: $7,858
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,986,097

Percent of Sale Price 77%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2024	$1,125,000		Listed Price

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505 South Chicago Street, Los Angeles, CA, 90033 is a Multi-Family Home for sale at $1,125,000 with 4,902 sqft and a lot size of 0.17. 505 South Chicago Street is a studio with 0.0 baths and was built in 1905. The property's zip code is 90033 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/11/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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505 South Chicago Street

Multi-Family Home for sale in Los Angeles, CA

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