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

505 S Chicago Street

^$ 1,125,000

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505 S Chicago Street

Los Angeles, CA, 90033

^$ 1,125,000

Bedrooms10 Baths5.0 Sq 4,902

Monthly Estimate*

^$ 7,858

Listed by Carolwood Estates

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

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

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

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

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

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

Multi-Family Home for sale in Los Angeles, CA

for $1,125,000 with 10 bedrooms and 5 full baths. This 4,902 square foot home was built in 1905 on a lot size of 0.1714.

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

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1714

Year Built

1905

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24375637

Days on Market

Features

General

Appliances Refrigerator

Zoning LARD1.5

Year Built 1905

Levels MultiSplit

Gross Income 85560.0

County Los Angeles

Net Operating Income 62760.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 505 S. Chicago Street Los Angeles CA 90033

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 5

MLS Area BOYH - Boyle Heights

Lot Size Square Feet 7465.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Chicago

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Cap Rate 5.58

Exterior

Total Parking 5.0

Lot Size Area 7465.0

Number of Buildings 2

Spa N

Building Area Total 4902.0

Lot Size Acres 0.1714

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Total Bedrooms 10

Electric On Property Y/N N

Total Baths 5

Internal Only

Street Number 1 505

* Excluded Features

List By

Carolwood Estates

Broker

(310) 402-8958

Phone

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.

273443 Elementary School

272636 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 S 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 0.1714. 505 S Chicago Street has 10 bedrooms, 5.0 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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505 S Chicago Street

Multi-Family Home for sale in Los Angeles, CA

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